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May 06, 2011

Reuters: Pious Indians bank on holy deposits

by Alka Pande
Reuters

In a bank with no security gates, guards or locks, deposits from thousands of customers from across India are stacked on shelves, protected from theft by the grace of God.

In a cramped room in a small house in the north Indian state of Uttar Pradesh, Ram Ram Bank offers no interest or loans, but has around 5,000 customers who flock to deposit documents bearing God's name.

 

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