Following devastating landslides in Wayanad, Kerala, which resulted in significant loss of life and destruction, banks have faced criticism from the state’s Chief Minister for allegedly using relief funds to lower EMIs for loans instead of directly assisting affected victims. The landslides, which occurred at the end of last month, left hundreds dead and devastated entire villages, raising questions about the ethical use of relief funds. The CM’s remarks highlight the need for greater accountability in the management of disaster relief resources and call for banks to prioritize the welfare of disaster-stricken communities over financial gains.
