The crisis at the bank is attributed to loans made to realty player Housing Development Infrastructure Ltd (HDIL), which were allegedly hidden from regulators' scrutiny, turning non-performing assets.
The inauguration of the corridor comes in the midst of frayed ties between India and Pakistan following New Delhi's decision in August to withdraw Jammu and Kashmir's special status and bifurcate the state into two union territories.
Several Indian pilgrims who were part of the first jatha to visit Gurdwara Kartarpur Sahib using the corridor said USD 20 facilitation fee was taken from each of them and that passport had to be shown to enter Pakistan.
Notwithstanding their strained ties, India and Pakistan signed an agreement last month, paving the way for the inauguration of the Kartarpur corridor. According to the pact, Pakistan will allow 5,000 Indian pilgrims daily to visit Gurdwara Kartarpur Sahib.
On August 5, India announced the revocation of Jammu and Kashmir''s special status under Article 370 and the bifurcation of the state into two union territories, Jammu and Kashmir, and Ladakh.
In November 2018, India and Pakistan had agreed to set up the border crossing linking Gurdwara Darbar Sahib in Kartarpur to Dera Baba Nanak.
Pakistan has invited cricketer-turned-politician Navjot Singh Sidhu to attend the inaugural ceremony of the landmark Kartarpur Corridor which will be opened for pilgrims on November 9, a media report said on Wednesday.
India and Pakistan on Wednesday agreed on visa-free travel by Indian pilgrims to Gurdwara Darbar Sahib using the Kartarpur corridor but stopped short of finalising an agreement on the cross-border route.