India, Feb. 8 -- Facing mounting financial liabilities, Karnataka's four state-run road transport corporations (RTCs) have decided to secure a Rs.2,000 crore bank loan to settle pending payments, including provident fund contributions, fuel expenses, and gratuity dues.

According to a Times of India report, among the transport entities, North West Karnataka Road Transport Corporation (NWKRTC) is set to borrow the highest amount at Rs.646 crore, followed by Karnataka State Road Transport Corporation (KSRTC) at Rs.623 crore, Bengaluru Metropolitan Transport Corporation (BMTC) at Rs.589 crore, and Kalyana Karnataka Transport Corporation (KKRTC) at Rs.141 crore.

A senior RTC official explained, as per the publication, that the corporations h...