While intensifying his stand against the CPM, Satheesan said the CPM had received a share of the loot from the scam and it also protected the culprits.
It may be mentioned that the government has mandated the RBI to keep inflation at 4 per cent with 2 per cent margin on either side.
Speaking at a party function in Kasaragod District on Saturday, he said attempts were being made to destroy the cooperative sector in the state.
CPM state secretary M V Govindan declared that the party would not accept corruption, especially in cases like the Karuvannur bank scam.
Banka was associated with the Bharatiya Janata Party Yuva Morcha (BJYM) and was holding the position of Mahamantri in the Delhi state unit of the party.
The bank expressed satisfaction with the response and decided to accept Rs 10,000 crore at a coupon rate of 7.49% payable annually.
TMB had suspended its Chennai-Service Branch manager P Govinda Rajan in connection with the issue.
The Bartan Bank will offer stainless steel utensils such as plates, glasses, bowls and spoons as alternatives to disposable plastics during functions, social gatherings and religious events.
The Ernakulam Central Police, which received a complaint from P R Aravindakshan, a councillor in Wadakkanchery municipality, has sought legal advice on whether to register an FIR on the allegation.
The amendments allow committee members to conduct audits of the corporate debtor or CD, with the audit costs included as part of the CIRP cost.
Rs 9,000 crore 'mistakenly' deposited in Chennai cab driver's account, bank debits money within 30 mins
He managed to transfer Rs 21,000 to a friend before the rest of the amount was taken back by the bank in under 30 minutes.
Investors ramain cautious on rising US bond yields and dollar, elevated oil prices, and concern over Fed policy meeting
The ED issued a press release on the recoveries made during the raids conducted on Wednesday.
HDFC shares fell after foreign broking firm Nomura downgraded its rating to Neutral. Nomura took this call after the country's largest private-sector bank held an analyst call
The deadly violence between Israel and the Palestinians over the last year and a half has surged to levels unseen in the West Bank in some two decades.
An ongoing investigation revealed that the fraudulent loans were obtained from a range of prominent banks, including SBI, Canara Bank, and Punjab National Bank.
The delegation called on Chief Secretary KS Jawahar Reddy at his camp office here on Tuesday and expressed its satisfaction over the progress of rural road works.
The regulatory body believes the reductions in entry fee will lead to the entry of new service providers in the market, increase investment and enhance competition in the sector.
The evidence and investigation carried out so far suggests it is a meticulously planned scam to avail loans to the tune of crores of rupees by adopting fraudulent means and coercing employees.
The independent director has in his resignation letter pointed out many instances where other members of the bank board sided with the MD and CEO, overruling concerns raised by him.