Depositors rally to protect Government Savings Bank | Bangkok Post: news

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Depositors rally to protect Government Savings Bank

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Individual depositors are rallying to support Government Savings Bank (GSB) after customers withdrew more than 30 billion baht over fears that its loan to the Bank for Agriculture and Agricultural Cooperatives (BAAC) will finance the cash-strapped rice-peldging scheme. 

GSB experienced mass withdrawals on Monday amid concern that lending to the BAAC could indirectly indirectly damage the banks liquidity. 

Core members of the Pheu Thai Party visited GSB to deposit their money on Tuesday.

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