Public Sector Banks Accelerate Unclaimed Deposit Returns Amid Regulatory Push
In a significant move to reduce the volume of dormant assets, public sector banks (PSBs) in India have successfully returned Rs 6,800 crore in unclaimed deposits to rightful claimants over the past six months. M. Nagaraju, Secretary of the Department of Financial Services (DFS), announced these figures during a high-level performance review meeting held this…