The Left parties in the State are at the helm of administration at all three banks.
The Finance Department had sought Rs 2,000 crore as it has not been able to distribute the welfare pensions due to the prevailing financial crisis.
Stating that the proposals in the Budget were not beneficial for people at the grassroots level, Balagopal flagged the drastic cuts in allocations for major schemes.
Elections to Eruvessy coop bank have seen violence in 2007, 2017, and 2022, when the LDF government is in power.
Congress calls off Sunday's merger function after DDF's attempted coup during co-op bank election.
Earlier, examination used to be conducted within one month from the notification date and the rank list used to be published within three months.
The depositors had criticized the delayed inspection of the ED long after the fraud was unearthed.
The state government on Wednesday told the high court that it will avail loans from various sources, including the Kerala Bank, to repay the depositors.
Facing public pressure, CPM's Mylapra branch secretary Saju Manidas, who is also an employee of the bank, said he would resign from the post.
The irregularities at the bank are pegged at Rs 300 crore, but the government estimates it to be only Rs 150 crore.