Kerala Bank Writes Off Loans of Landslide-Hit Persons in Wayanad
republicworld | August 13, 2024 10:28 AM CST
Thiruvananthapuram: The Kerala Bank, a consolidation of district cooperative banks in the state, announced on Monday that it would waive loans for those impacted by the devastating landslides of July 30 in Wayanad.
In the aftermath of the disaster in the hilly district, the bank management has decided to write off the loans of deceased borrowers who had availed loans from its Chooralmala branch, as well as those who lost their houses and properties pledged as securities, according to an official statement.
The Kerala Bank has already contributed Rs 50 lakh to the Chief Minister's Distress Relief Fund.
Besides this, the bank employees have voluntarily decided to contribute their five days' salary to the CMDRF, the statement added.
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