In the wake of the July 30 landslide in Wayanad district, the Kerala Bank Board on Monday decided to waive off entire loans of those who lost their lives, as well as for those whose mortgaged homes and properties were destroyed in the disaster.
The bank's board of directors made this decision to provide relief to the
affected families at its Chooralmala branch.
Earlier on July 30, Kerala Bank had donated Rs 50 lakh to the Chief Minister's Disaster Relief Fund in support of the rescue work. The bank's employees have also voluntarily decided to contribute five days' salary to the Chief Minister's Disaster Relief Fund.