Connect with us

Top Stories

From New Year, 16 Mapusa Urban branches to close | Goa News – Times of India

Published

on

[ad_1]

PANAJI: In line with the liquidation process, 16 branches of The Mapusa Urban Co-operative Bank of Goa Ltd, which were being operated from rented premises, are being shut down from January 1. The remaining nine branches, where the bank owns the premises, will continue to remain open to assist customers with the liquidation and deposit queries. The bank will shut the rented premises to cut the expenditure.
“With no income, there is a huge expenditure on these branches which were in leased premises and the rent was too much,” said general manager Shailendra Sawant. “We have informed the landlords and we are also allowing the purchase of dead stock, there is a lot of furniture, lying in these branches.”
The branches that are being shut are in Mapusa city, Anjuna, Siolim and Mandrem. Extension counters at Tivim, Aldona, Taleigao, St Cruz, Diwar, Usgaon-Tisk, Curchorem, Sanguem, Margao, Benaulim, Penha De Franca and Cansaulim are also being shut.
Nine branches, including the office in Panaji will continue to remain open
The bank, which had 24 branches in Goa besides the head office in Mapusa and 193 staff members in all, went into liquidation after the Reserve Bank of India cancelled its banking licence in April this year. When it shut down, the bank had 1.19 lakh shareholders and 2.48 lakh depositors.
The bank has a deposit base of Rs 350 crore of which Rs 230 crore is being held in government securities. MUCB also has real estate assets valued at around Rs 90 crore. Rental fees for the 16 branches and other operational expenditure has been eating into the funds left with the bank, a point that did not sit well with disgruntled depositors.
The aggrieved depositors said that they are unhappy with the “prolonged delay” and had also expressed concern over the continued expenditure on rent and utility services at the defunct bank’s branches.
Meanwhile, Sawant said that the data on the depositors and the funds owed to each depositor has been submitted to the RBI.
“Data on the depositors has been transferred to the RBI and they will scrutinise it carefully. They will go very minutely into the information and only then will the depositors get their money. We hope that before Christmas repayment should start,” said Sawant.

[ad_2]

Source link

Special Stories

Broke Swiggy guy walks 3 km to deliver food, Social media helps him find better job. Heartwarming story is viral

Published

on

Social media can be a wondrous place at times. While on most days, its ugly face is on display, on days like today, it sets examples of the power of kindness. In a social media post, a LinkedIn user shared how a delivery executive, in need of money and a better job, bagged one after the users on the platform came together to help the person out.

Priyanshi Chandel, Marketing Manager at tech company Flash, shared an incident about a Swiggy delivery agent who had come to deliver food at her residence. When she asked the late and out-of-breath delivery person, identified by her as Sahil Singh, about what happened, he told her that he had no transport and had to walk 3 km to deliver the order.

He also said that he was out of money and had nothing left to pay his landlord too. Singh told her that he was not looking for money from her but requested her to help him bag a job. He said that he had a degree in Electrical and Communication Engineering, and had worked with Byju’s and Ninjacart before. He had to move back to Jammu during the pandemic.

“I have not eaten for a week, just drinking water and tea to get by. I am not asking for anything, please if you can find me a job, I used to make 25k before, I am 30 years old, my parents are getting old and I can’t keep asking for money from them (sic),” Chandel quoted saying.

She also shared his marksheets and contact number for people to help. His details shared show that he is a 2018 BTech graduate from Mewar University, and completed his schooling from the Jammu and Kashmir state board.

After she shared the details, the comments section was filled with people who stepped up to help. While someone recharged his Yulu account so that he did not have to walk around to deliver food, someone offered a place to stay. Many offered to help him with his applications, while some offered jobs too.

Chandel, later on put an update on the post, and said that he received a job.

However, so far it is unclear what job he has received.

2023 has so far been a year of job losses, an eventual outcome of the pandemic and increased hiring by tech companies. For instance, the SSC MTS 2023 recruitment exam that took place in Uttar Pradesh in May saw over 55 lakh applications for Group D jobs. Numerous candidates who applied for positions such as peon, watchman, gardener had educational backgrounds like BTech, MBA, and Master’s degrees.

Continue Reading

Top Stories

Goa CM, NRI Commissioner writes to MoEF for help in safe return of Goans from Ukraine

Published

on

Panaji: Goa chief minister Dr Pramod Sawant on Thursday urged Union Minister for External Affairs Dr S Jaishankar to help in safe return of Goans who are in the Ukraine.

Sawant tweeted “we are concerned about the Goans in Ukraine who are considering to return to India in the light of ongoing Russia-Ukraine crisis. I request Union Minister for External Affairs @DrSJaishankar ji for help in the safe return of Goans. I am keeping track of the situation.”

The chief minister’s tweet comes hours after Goa’s NRI Commissioner Narendra Sawaikar wrote to the Union External Affairs ministry seeking help in return of Goans who are in the Ukraine.

“Many Goans are currently residing in Ukraine due to various purposes including higher studies and due to the ongoing tension between Russia and Ukraine, I have started receiving requests for help and assistance from them to return back to India,” Sawaikar wrote.

The Commissioner further wrote in the letter that advisories have already been issued by the Ministery of External Affairs to Indians currently in Ukraine and our Indian Mission in Kyiy is currently handling the matter.

“Striking note of urgency, the Government of India has recently asked the family members of Embassy officials in Ukraine as well as students and citizens whose stay is not vital , to leave the Eastern European nation amid it’s raising tensions with Russia,” the letter reads.

Sawaikar wrote that the Goans in Ukraine are in touch with this office as they are anxious to temporarily return till the situation normalizes.

Continue Reading

Top Stories

Election Commission announces polling dates and counting days for Vidhan Sabha elections in 5 states

Published

on

On Saturday, the Election Commission of India (ECI) announced the dates for the Vidhan Sabha elections in 5 States, namely, Goa, Punjab, Manipur, Uttar Pradesh and Uttarakhand.

While briefing the media, Chief Election Commissioner Sushil Chandra informed that the elections in the poll-bound States will commence from February 10, 2022, to March 7, 2022. Elections in the State of Uttar Pradesh will be conducted in 7 phases, followed by Manipur with 2 phases. Elections in Goa, Uttarkhand and Punjab will be conducted in a single phase.

According to the Election Commission of India, the votes will be counted on March 10, 2022. ECI informed that all physical campaigning will be ceased until January 15, 2022, in light of the rising cases of Coronavirus.

Continue Reading
Advertisement

Trending