Unlocking ₹1 L cr unclaimed bank deposit coffer
The New Indian Express Mangaluru|December 09, 2024
New Banking Act along with recent RBI circular may make it easier for depositors to claim money stuck with banks
BENN KOCHUVEEDAN @Mumbai
Unlocking ₹1 L cr unclaimed bank deposit coffer

THE Lok Sabha last week passed a slew of amendments to the banking laws, by bringing in as many as 19 amendments to the existing pieces of legislation governing the banking system, including that of the RBI Act. But of the 19 changes introduced, just two of them go a long way in the real service of the common man—those dealing with the inoperative accounts and the unclaimed deposits in banks which together add up to more than a ₹1 lakh crore, and those governing the nomination facilities at banks.

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The New Indian Express Mangaluru

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The New Indian Express Mangaluru

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The New Indian Express Mangaluru

Boy who evolved as a match-winner

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The New Indian Express Mangaluru

Halep gets wildcard for Oz Open qualifier

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The New Indian Express Mangaluru

EVENTFUL CONTEST BEFORE RAIN FORCES A DRAW

IN the end, the result only seemed fitting. On a day that saw eight wickets fall in 24.1 overs in just over five hours and multiple rain and thunderstorm breaks, India and Australia shook hands to call it a draw at 3.25 PM (local time).

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The New Indian Express Mangaluru

PKL: Tamil Thalaivas rout Warriorz 60-29

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The New Indian Express Mangaluru

Navy's Kiran sails past stars to corner nat'l glory

UP against two established rivals, Navy's Kiran Ankush Jadhav held his own to come out on top in the men's 50m rifle 3 positions (3P) event of the ongoing national shooting championship at the MP State Academy Shooting range in Bhopal on Wednesday.

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The New Indian Express Mangaluru

Vinicius, Bonmati FIFA Best players of the year

REAL Madrid attacker Vinicius Junior won the FIFA Best men's player of the year award at a ceremony in Doha on Tuesday, while Barcelona midfielder Aitana Bonmati picked up the women's prize for the second time.

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The New Indian Express Mangaluru

Sensex sheds 2k points in 3 sessions ahead of Fed decision

AFTER recovering over the past three weeks following two months of selling, domestic equity market is once again under pressure as investors adopt a cautious stance ahead of the crucial Federal Open Market Committee (FOMC) meeting outcome on Wednesday night. Weakening rupee and underwhelming macroeconomic data are dampening market sentiment.

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The New Indian Express Mangaluru

GIC buys majority stake in AHH for $150 mn

AHH sees growth in specialty healthcare enterprises

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