THIRUVANANTHAPURAM The CPI(M) leadership on Friday stepped up its troubleshooting efforts to contain the fallout of the Karuvannur Service Cooperative Bank scam.
Kerala Bank president Gopi Kottamurickal and vice-president M. K. Kannan held discussions with CPI(M) State secretary M. V. Govindan at AKG Centre here on Saturday morning amid speculations that the government was considering a bail-out package for the Karuvannur bank with support from Kerala Bank.
Meanwhile, in the coming week, the Cooperation department is hoping to come up with urgent solutions so as to allay investor concerns. Minister for Cooperation V. N. Vasavan is scheduled to hold a meeting of senior officials of the department and the administrative committee of the Karuvannur bank on October 3.
