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Khader questions silence of MP Nalin on Vijaya Bank merger issue

Khader questions silence of MP Nalin on Vijaya Bank merger issue


Mangalore Today News Network

Mangaluru, Jan 03, 2019: State Minister for Urban Development and DK District in-charge Minister U T Khader has questioned the silence  of the local MP Nalin Kumar Kateel regarding the merger of  profit making Vijaya Bank having its roots in the district with the Gujarat  based and loss making Bank of Baroda.

 

Khader


Khader


Speaking to reporters at Circuit House on January 3, Wednesday, Khader said  Vijaya Bank  has earned a  profit of around Rs 200 crores while Bank of Baroda has incurred around Rs 3,000 crore loss.  "It would have  been better if Bank of Baroda was merged with Vijaya Bank. But the Prime Minister in order to save the Bank of his home state intends to merge   Vijaya Bank with it. It is ironical that neither the local MP nor BJP leaders have raised voice against this," he added.

On the criticisms over  the farm loan waiver of the state government, Khader said  it would be better for the  Centre to waive farm loans instead of resorting to criticisms.


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