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HYDERABAD: THE Welfare Association of Co-operative Bank Depositors are going to hold a rally on June 16 in the city demanding that immediate steps be taken to return their deposits locked in various crisis-ridden co-operative banks.

Mr C.C. Reddy, the founder trustee of the Visu Trust, said the rally would start at Punjagutta and end at Reserve Bank of India office near the Secretariat.

Addressing a news conference here on Wednesday, Mr Reddy, who has taken the initiative to represent the victims through the trust, alleged that huge amounts collected by some co-operative banks had been frozen by the RBI.

Mr Manam Anjaneyulu, the Chairman of AP Urban and Town Co-operative Banks' Association, called for attachment of properties of directors of erring banks and recovering non-performing assets and reimbursement of deposits to the victims, a Visu Trust statement said.

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