Public Sector Banks Return Rs 6,800 Crore in Unclaimed Deposits

Public Sector Banks Return Rs 6,800 Crore in Unclaimed Deposits

In a significant push to improve financial transparency, 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 following a high-level review meeting held this week to evaluate the…

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Public Sector Banks Accelerate Unclaimed Deposit Returns Amid Regulatory Push

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…

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