Bank Kerala News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The CPI-M leadership led by the Chief Minister of Kerala is trying hard to contain the damage done to the image of the government due to the massive scam unfolding in Karuvannur Service Cooperative Bank. The revival package being proposed, is also being pooh poohed by opposition parties. It is being said that disturbed by the involvement of his senior colleagues in the scam, the CM Pinarayi Vijayan thought of investing money in the Karuvannur Service Cooperative Bank through the recently formed Kerala Bank, which was formed by merging the DCCBs in the state. Kerala Bank operates under NABARD. NABARD is believed to have said “No” to the proposal from the Kerala Bank, citing RBI’s take on the issue. Since Kerala Bank operates under RBI, which disallows any bail out of troubled banks due to mismanagement, the CM is at a loss as to what it could do. As a second thought, the top CPM leadership has thought of asking profit making PACS to deposit funds in the Karuvannur Service Cooperat

Pinarayi vijayanSuresh gopiKerala bankBank keralaKerala stateService cooperative bankKaruvannur service cooperative bankChief ministerKaruvannur service cooperativeKerala state cooperativeEnforcement directorateCm pinarayi vijayanKerala chief ministerFrom states