SCB denies lending rumour

"The bank did not approve a loan related to the scheme. The bank's board did not convene on February 18 as mentioned," it said, also urging all to maintain trust in the bank's good governance. 

For two weeks, social media rumours have spread that financial institutions would extend financial assistance to the scheme. Krungthai Bank was the first to be hit and its president subsequently denied the rumour.

Banks are now spooked by such rumour, fearing for attacks from the anti-government protesters. Government Savings Bank on Monday suffered from net deposit withdrawals worth Bt20 billion, following its decision to lend Bt20 billion to Bank for Agriculture and Agricultural Cooperatives which implements the scheme.