Business at Thai Govt Saving Bank back to normal - central bank


  • World
  • Friday, 21 Feb 2014

BANGKOK (Reuters) - Business at Thailand's Government Savings Bank has returned to normal, the central bank said on Friday, after big withdrawals this week by customers unhappy with the bank's lending to a farm bank running a controversial rice-buying scheme.

The GSB said on Sunday it had lent 5 billion baht ($154 million) to the Bank for Agriculture and Agricultural Cooperatives (BAAC), which manages the government's rice programme, but has run out of money to pay farmers.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Bomber crashes in Russia, Interfax says
Meta's newest AI model beats some peers. But its amped-up AI agents are confusing Facebook users
Google is combining its Android software and Pixel hardware divisions to more broadly integrate AI
US vetoes bid to make Palestine a full UN member
Pakistan police kill bomber, militant to thwart attack on Japanese nationals
No missile attack against Iran, Iranian official tells Reuters
UK police say they disrupted cyber fraud network that stole personal data from thousands
AI-powered World Health chatbot is flubbing some answers
Iran fires air defence batteries in provinces as sound of explosions heard near Isfahan
South Korea set to adjust medical reforms in bid to end walkout, say media reports

Others Also Read