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Banks sitting on Rs1,723.24 crore of unclaimed deposits: Pranab

Banks sitting on Rs1,723.24 crore of unclaimed deposits: Pranab
PTI
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First Published: Fri, Aug 05 2011. 05 58 PM IST
Updated: Fri, Aug 05 2011. 05 58 PM IST
New Delhi: The government on Friday informed Parliament that around Rs1,723.24 crore of depositors’ money is lying as unclaimed with commercial banks.
“The Reserve Bank has informed that as on 31 December 2010, a total amount of around Rs17,23.24 crore in 1.03 crore accounts is lying as unclaimed deposits with the scheduled commercial banks,” finance minister Pranab Mukherjee said in the Lok Sabha.
On the total amount, he said, Rs1,467 crore is lying as unclaimed deposits with the public sector banks and the rest is with private and foreign banks.
Private banks are sitting on unclaimed amount of Rs195.9 crore and foreign banks have around Rs60 crore till December 2010, he said.
State Bank of India and its associates have Rs279.7 crore unclaimed deposits, followed by Canara Bank at Rs274.6 crore and Union Bank of India at Rs163.6 crore.
Among private sector banks, ICICI Bank has Rs74.2 crore and ING Vysya Bank has Rs30.12 crore as unclaimed deposits.
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First Published: Fri, Aug 05 2011. 05 58 PM IST