Mapusa: General Manager of Mapusa Urban Co-operative Bank (MUCB) Shailendra Sawant, on Friday appealed to the bank customers, who are yet to file claim for their deposits, to submit their claims as soon as possible.
He informed that the depositors have filed claims for around Rs 258 crore till date. Since the bank is likely to complete its statutory audit in the next eight days, he further requested all the borrowers to clear their dues by May 31, 2021.
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Sawant said, “The COVID-19 pandemic has affected the deposit claim process as many of our customers are outside the State and also abroad. Despite providing options of claiming through electronic mode, some customers are yet to make claims. Till date, we have received total claims for Rs 258 crore along with KYC and documents as per our system.”
“Depositors of around Rs 56 crore, having complied with KYC norms, are yet to make claims. Similarly, depositors of Rs 40 crore, who have not complied with KYC norms, are yet to file claims,” he mentioned.
“In the next eight days, the process of statutory audit will be completed, after that the data will be handed over to Deposit Insurance and Credit Guarantee Corporation (DICGC), Reserve Bank of India (RBI), who will do the audit and then later will start repayment of the amount. Before that all the customers of the bank should file the claims,” Sawant said.
Sawant also appealed to all the borrowers to clear their respective loan dues within the timeframe to avoid further action by liquidator as action can be taken as per Land Revenue Code under the Multi-State Co-operative Societies Act.
Informing that branches having lockers will be closed next month, Sawant appealed to locker holders of branches at Aldona (11), Margao (60), Divar (6) and Cansaulim (1) to close their lockers as the branches will be closed and lockers will be shifted to the head office.
MUCB was liquidated in April 2020 and in July 2020, a notice was issued by the appointed liquidator asking the depositors to submit duly filled depositors claim form within two months, and period was over in September and the claims received would be investigated and decided on the basis of accounts books of the bank and as per DICGC general terms and conditions.
The assets of the bank include liquid funds worth Rs 230 crore, owned property valued by government valuators at Rs 58 crore and non-banking assets worth Rs 13 crore. While the total outstanding loan amount stands at Rs 51 crore from around 2,464 borrowers.
