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KSRTC to pay salaries through bank

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KSRTC to pay salaries through bank
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Thiruvananthapuram: Kerala State Road Transport Corporation (KSRTC)has signed a Memorandum of Understanding with the State Bank of Travancore to pay salaries to its 40,000 employees and pensioners through the bank from July.

The corporation, which operated 5,570 schedules with 5,784 buses last year, suffered a daily loss of Rs 3.09 crore, Managing Director K G Mohanlal said in a release here.

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