Newly appointed Liquidator Dhananjay Doiphode of the Pune based Rupee Cooperative Bank says the bank will recover arrears of over Rs 100 crores during the next three to four years.
The RBI, cancelled the bank’s license because the lender did not have adequate capital and earning prospects.
There are about 5.36 lakh depositors yet to get a refund of Rs 222 crores.