RBI asks banks to locate 1.2 cr inoperative accounts: Govt
Quotes

RBI asks banks to locate 1.2 cr inoperative accounts: Govt

Last Updated: Monday, March 26, 2012, 20:43
 
 Comment 0
 
RBI asks banks to locate 1.2 cr inoperative accounts: Govt
New Delhi: The Reserve Bank of India has asked banks to be pro-active in locating about 1.2 crore account holders whose accounts are inactive for more than 10 years, the government has said.

"Keeping in view public interest, the RBI has advised all SCBs (scheduled commercial banks) to play a more pro-active role in finding the whereabouts of the account holders whose accounts have remained inoperative," Minister of State for Finance Namo Narain Meena told the Lok Sabha in a written reply on Friday.

As per the RBI, he said, the number of accounts with SCBs which have not been operated upon for more than 10 years (as on March 21, 2011) is 1,12,49,844.

The RBI has also asked the banks to display the list of inoperative accounts, which are inactive or inoperative for 10 years or more, on their websites by June 30.

PTI


First Published: Monday, March 26, 2012, 20:43


Comments


comments powered by Disqus
Forbes Best Places for Biz 2014
Forbes Best Places for Biz 2014
Hyundai Elite i20
Hyundai Elite i20
John Kery with Indian Biz Honchos
John Kery with Indian Biz Honchos
Honda Mobilio MPV
Honda Mobilio MPV
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved