4 yrs after Margao bank closure, Rs 40cr still stuck

Over 800 depositors of the defunct Madgaum Urban Co-operative Bank are still awaiting nearly Rs 40 crore in savings, four years after its license was revoked. While smaller claims have been settled, a lack of property sales is delaying refunds for larger depositors. A proposal for partial disbursement is pending DICGC approval, leaving many anxious.