And the bank authorities have decided to merge their bank with a bank in Maharashtra. If not, it will go for liquidation.

According to Managing Director Kishor Amonkar, closure of mining has badly hit the bank since 2012. Their efforts for financial assistance from the government also did not bear any fruits.

To make the situation worse, RBI has now issued a circular, closing all transactions for six months.

No deposits by any customer. And only one withdrawal up to 5000 rupees, only once in six months. But the bank can renew existing term deposits on maturity. And can also salaries of employees, rents, taxes and electricity bills. The bank is allowed to set off loan against deposits with some terms and conditions.

RBI CIRCULAR

No deposits, 5000 withdrawal

Can renew term deposits

Can pay salaries, bills etc

Set off loans against deposits   

. सगळे वेव्हार स म्हयन्यां खातीर बंद दवरचे असो आदेश तांकां भारतीय रिजर्व बॅंकेन दिला.

आदेशाची अंमलबजावणी दोन मे पसून सुरू करची अशेंय म्हटलां.

मडगांव अर्बन बॅंकेचें महाराष्ट्र बॅंकेंत विलिनीकरण करपाचें वेवस्थापकी मंडळान थारायलां.

तशें केलें ना जाल्यार ही  बॅंक गोठयतले.

भारतीय रिजर्व बॅंकेच्या आदेशा प्रमाण मडगांव अर्बन सहकारी बॅंकेच्या गिरायकांक मुखावेल्या स म्हयन्यांक आपल्या खात्यांत पयशे भरपाक मेळचे नात.

ह्या स म्हयन्यांत तांकां फकत पांच हजार काडूंक मेळटले अशेंय रिजर्व बॅंकेन म्हटलां.

तशेंच हे कालावधींत फिक्स डिपॉझिटाची मॅच्युरिटी जाली जाल्यार ताचें नूतनीकरण करूंक मेळचें ना.

मात बॅंकेक आपल्या कर्मचाऱ्यांचो पगार दिवंक मेळटलो, तशेंच लायटीचें बील, कार्यालयाचें भाडें फारीक करपाक मेळटलें.