4 yrs after Margao bank closure, Rs 40cr still stuck | Goa News
Margao: More than four years after the Reserve Bank of India revoked its licence, at least 800 depositors of the defunct Madgaum Urban Co-operative Bank are still waiting to recover approximately Rs 40 crore in savings, with no clear timeline in sight for relief.The RBI cancelled the bank’s licence in July 2021, triggering liquidation proceedings…