Bank merger to protect Capitalists: Former Minister Rai
Mangaluru: “In a bid to safeguard the rich capitalists, the central government is merging the Vijaya Bank, which was giving financial livelihood to the coastal region and was in benefit; with Dena Bank and Baroda Bank, which are in the loss;” accused former minister B. Ramanatha Rai.
Vijaya Bank has a history of 87 years and has its own heritage. There is a history that the bank saved itself by not paying staff during the loss. It’s not acceptable to kill such a bank; he said while addressing a press conference on Monday.
Former Prime Minister Indira Gandhi nationalized the private banks and facilitated the loan facility to poor. No problem if was no money in the account. Whereas, in the current NDA government, account must have minimum Rs 2,000. Otherwise, the account holder must be penalties. With this, the NDA displays its stand where it wants to support only the haves and not the have-nots.
No one will be benefited from the merger of banks. Both, the bank staff and the customer, face a psychological problem. It has already seen the merger of Punjab National Bank and SBI. A.B. Shetty had employed many people of the district by establishing the bank. However, it is sad that the BJP MPs and MLAs are silent on the mergers. They are sure of getting votes by inciting communal sentiments ", rai said.
Mayor Bhaskar K, Leaders Mamata Gatti, Baby Kunder, Vishwas Kumar Das, R.K. Prithviraj, Sadashiva Ullal, Shashidhar Hegde, Kavita Sanil, Uppi and Nazir Bajal were present.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Three of family killed as car overturns in Mandya
Mandya (PTI): Three members of a family, two of them women, were killed when the car they were travelling in overturned and fell into a ditch on Sunday, police said.
The driver lost control of the vehicle and crashed into a bridge on the Bengaluru-Mangaluru National Highway at Nagamangala in Mandya district, police added.
The deceased were identified as Chandregowda (62) and Sarojamma (57), both residents of Chikkamagaluru. They were returning to their hometown when the accident occurred, police sources said.
In another incident near Agaralinganna Doddi in Maddur taluk, a private bus overturned on a service road, injuring more than 30 people. Locals helped rescue the passengers after the accident.
The passengers were travelling to Bengaluru after visiting the Shimsha Maramma temple in Malavalli. The injured were taken to hospitals in Mandya and Maddur for treatment.
