Bill on depositors passed amid opposition Updated: Updated: Share Article AAA Despite the Opposition Congress and the JD (S) members’ strong reservation against the Karnataka Protection of Interest of Depositors in Financial Establishments (Amendment), Bill, 2020, the Legislative Assembly passed the Bill. Rizwan Arshad, K.R. Ramesh Kumar, U T Khader (all Congress), A.T. Ramaswamy, and K.M. Shivalinge Gowda (both JD-S) termed the Bill as “toothless” since it has no stringent provisions to punish owners of firms cheating depositors. But the Government pushed the Bill saying that the Centre’s laws and RBI regulations were adequate to punish those indulging in fraudulent transactions.