Latest Gokak News & Updates

Belagavi (Karnataka), July 7 (IANS) Fresh controversy has erupted over the ongoing Special Intensive Revision (SIR) of electoral rolls in Karnataka after allegations that schoolchildren were used in the enumeration process at a government school in Belagavi district, leading to the Belagavi Deputy Commissioner Mohammad Roshan ordering a probe.The alleged incident was reported from the Government Kannada Higher Primary School at Maradimutt village in Gokak taluk on Tuesday, where Booth Level Offi…

Mumbai, June 18 (IANS) The Reserve Bank of India (RBI) on Thursday cancelled the licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank, citing its deteriorating financial condition, inadequate capital and poor earning prospects.In a statement, the RBI said the bank, located in Gokak, does not have sufficient capital and fails to comply with certain provisions of the Banking Regulation Act, 1949.The central bank added that the lender, in its current financial position, would b…