Bihar Boys' Rs 900 Crore Surprise Not A First For This Rural Bank

Set up in 1976, the Uttar Bihar Gramin Bank caters to nearly half of the districts in the state. Of late, it has been running huge losses.

Two children in a Bihar village recently became richer by nearly a thousand crore rupees, albeit momentarily, thanks to a technical glitch which was immediately rectified by the bank concerned.

Residents of Pastiya village in Azamnagar block of Katihar district have been, however, making a beeline to the local customer service point (CSP) centre to get their passbooks updated ever since hearing that a staggering amount of more than Rs 960 crore has been deposited into the accounts of Gurucharan Kumar and Asit Kumar.

The matter came to light on Wednesday when the boys went to the CSP centre to check if they had received the modest stipend to which they are entitled under a state government scheme for bearing the expenses of school uniforms.

While Gurucharan's account had been credited with Rs 905 crore, Asit's bank balance had swollen by Rs 62 crore.