Municipal Corporations and the RBI Report

In 2011, BBMP handed over 11 of its properties to banks. This included the famous KR market in Bengaluru and the public utility building. And a couple of years later, it used a beautiful Bengaluru landmark, the town hall building as collateral for funds too. A third of our population now lives in towns and cities. 17 of the 20 fastest growing cities in the world will be in India.