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Expect few more state governments to follow loan waiver scheme: Karnataka Bank

Karnataka becomes the fourth state to waive off farm loans. Waiver of loans disbursed by cooperatives to cost the state over Rs 8,000 crore. Karnataka Chief Minister (CM) urges the centre to forego loans by nationalised bank as well. “As far as this is not going to affect the repayment culture, we are not that much concerned,” Mahabaleshwara MS, MD & CEO, Karnataka Bank told CNBC-TV18.

first published: Jun 22, 2017 11:07 am

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