Mapusa Urban bank gives ultimatum to loanees to repay loans by March 31

Digital Goa, Mar 15 – The Under Liquidation Mapusa Urban Bank has given 15 days time as last and final opportunity to all the loanees to pay their loans. The bank has warned that if the loanees fail to repay the loan by March 31,2022 the liquidator would be forced to vigorously pursue coercive action according to the law for the recovery of loan amount with interest accrued thereon as arrears of land revenue under Goa Land Revenue code through District Magistrate, North and South Goa. The bank has also warned of publishing the names of all defaulting loanees on the Bank Website and also in the press and media as wilful defaulters. The KYC details of such loanees will also be made available to other banks, the public notice has further warned. For any clarification the bank account holders have been asked to connect with 9421157212 and 9850826949 on any working day. mapusa_urban@yahoo.co.in
The bank under liquidation had through a notice issued on Sept 30,2020 called upon all person who had availed loans to repay their entire loans, irrespective of the period for which the loan was granted, by May 31,2021. The bank had also launched One Time Settlement(OTS) Scheme to expedite the repayment of the outstanding loans.

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