CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
To which bank did public sector banks transfer unclaimed deposits worth Rs 35,012 crore?
A
RBI
B
SBI
C
PNB
D
ICICI
Explanation: 

Detailed explanation-1: -Public sector banks transfer Rs 35, 012 crore unclaimed deposits to RBI.

Detailed explanation-2: -About Rs 35, 000 crore unclaimed deposits as of February 2023 were transferred to the Reserve Bank of India (RBI) by public sector banks in respect of deposits, which have not been operated for 10 years or more.

Detailed explanation-3: -State Bank of India (SBI) tops the list with ₹8, 086 crore of unclaimed deposits, followed by Punjab National Bank with unclaimed deposits of ₹5, 340 crore. This is followed by Canara Bank with ₹4, 558 crore and Bank of Baroda with unclaimed deposits worth ₹3, 904 crore.

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