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Ahead of Karnataka elections, political parties seek to woo homebuyers

Both the ruling Bharatiya Janata Party and the opposition Congress have promised to amend the contentious Karnataka Apartment Ownership Act and address homebuyers’ problems. ....

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Millath Co-operative Bank's Licence Cancelled Due to Inadequate Capital

The Reserve Bank of India (RBI) has cancelled license of Davangere-Karnataka-based Millath Co-operative Bank Ltd due to inadequate capital and lack of earning prospects. ....

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Bank fraud: 43 depositors died before getting money | Bengaluru News

In January 2020, RBI imposed a withdrawal limit of Rs 35,000 citing the bank’s bad loans.
BENGALURU: The Sri Guru Raghavendra Sahakara Bank Niyamitha (SGRSBN) impasse has been persisting for over 500 days and around 35,000 depositors are struggling to get their hard-earned money back. But 43 depositors have died due to various reasons, including Covid-19, since January last year.
In January last year, the Reserve Bank of India (RBI) imposed a withdrawal limit of Rs 35,000 citing the bank’s bad loans. The ceiling was raised to Rs 1 lakh later.
Satish Karanth, a mechanical engineer and resident of Kathriguppe, lost his 56-yearold wife Savithri Karanth in March due to breathing issues. “The bank assured good interest rates. We trusted the bank as it was run by our community people. We invested Rs 1 crore, including my mother’s Rs 20 lakh. Now, she despairs every day over the lost money and I don’t know how to console her,” he said. ....

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Rs 1,400-cr Guru Raghavendra Bank fraud: 43 depositors die amid covid without getting money

Bengaluru, June 5: At least 43 of around 35,000 depositors that are struggling to get their hard-earned money back from the Sri Guru Raghavendra Sahakara Bank Niyamitha (SGRSBN) have passed away in last one and half years. ....

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Karnataka reported 1,784 'black fungus' cases; 111 dead: Health Minister

Bengaluru, June 5: Karnataka has reported 1,784 cases of mucormycosis or black fungus while 62 have recovered and 111 have died, said State Health Minister Dr K Sudhakar on Saturday. ....

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