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Unclaimed Bank Deposits Near Rs 98,000 Crore; PSU Banks Open and Close Branches

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Unclaimed Bank Deposits Near Rs 98,000 Crore; PSU Banks Open and Close Branches

Analysed 11 Aug 2026·3 sources analysed·New Delhi, India·Business
Unclaimed Bank Deposits Near Rs 98,000 Crore; PSU Banks Open and Close BranchesPreviousNext

As of January 31, 2026, unclaimed bank deposits transferred to the Reserve Bank of India's Depositor Education and Awareness (DEA) Fund reached approximately Rs 98,073 crore. These deposits include savings, current, and term accounts inactive for over 10 years. Major contributors include State Bank of India and Punjab National Bank. The RBI uses the fund to promote depositor interests and financial literacy. Banks have also opened and closed thousands of branches over recent years, with wilful defaulters owing over Rs 2.85 lakh crore reported by public sector banks.

Sentiment
51%
TBN's observations

First-hand measurement across 3 sources

We measured how 3 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (51/100). Lens Score 48/100.

Outlets measured: businessstandard, news18, moneycontrol. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 3 sources · Published under editorial oversight by The Balanced News
Analysed 11 Aug 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Neutral (51/100)

Sentiment was consistent across outlets (50–52/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

moneycontrol broke this story on 11 Aug, 01:20 pm. Other outlets followed.

11 Aug, 01:20 pm3 sources · 2 h11 Aug, 03:02 pm
AI analysis by the TBN Bias Engine · beat methodology byMrunal Wange· Business & Economy Editor· editorial standards byOjas Kale
← Previous
NDR InvIT Trust Files Draft Papers for Rs 750 Crore IPO to Expand Portfolio
Next →
FCI Reports Increased Rice Sales for Ethanol and Rising Buffer Stock Costs
  1. 1
    moneycontrol11 Aug, 01:20 pm
    Unclaimed bank deposits near Rs 1 lakh crore mark as of January 2026, FinMin tells Parliament- Moneycontrol.com
  2. 2
    news1811 Aug, 01:49 pm
    PSU banks opened 6,255 branches, shut 4,093 in last five financial years
  3. 3
    businessstandard11 Aug, 03:02 pm
    86,917 cr in unclaimed deposits with RBI fund, FinMin tells Parliament

Who's involved

Institutions and figures named across source coverage.

Government
Ministry of FinanceDepartment of Financial ServicesReserve Bank of India
Corporate
Canara BankState Bank of IndiaPunjab National BankAxis BankUnion Bank of IndiaBank of BarodaHDFC BankICICI Bank
Political
Bharatiya Janata Party

Story context

Category
Business
Location
New Delhi, India
Sources analysed
3
Last analysed
11 Aug 2026
Key entities
CroreIndian rupeeMinistry of Finance (India)Drug Enforcement AdministrationReserve Bank of IndiaRajya SabhaState-owned enterpriseIndiaLakhParliament of IndiaState Bank of IndiaPunjab National Bank