Unclaimed deposits with banks, including private lenders, stood at ₹67,003 crore as of June 30, 2025, Parliament was informed on Monday.
Of the public sector banks, SBI is leading the pack with unclaimed deposits of Rs 19,329.92 crore, followed by Punjab National Bank Rs 6,910.67 crore and Canara Bank Rs 6,278.14 crore, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha. Among the private lenders, ICICI Bank has the highest unclaimed deposits of Rs 2,063.45 crore, followed by HDFC Bank Rs 1,609.56 crore and Axis Bank Rs 1,360.16 crore, he said.
Chaudhary said the government has no plans of launching Exchange Trade Funds (ETFs) for respective Virtual Digital Assets (VDAs) in order to integrate them into mainstream financial market.
The Reserve Bank of India (RBI) has issued advisories warning users, holders, and traders of virtual currencies or crypto assets about the potential risks, including economic, financial, operational, legal, and security concerns, he said.
Further, he said, “RBI vide its circular dated May 31, 2021, has also advised its regulated entities to continue to carry out customer due diligence processes for transactions in VCs, in line with regulations governing standards for Know Your Customer (KYC), Anti-Money Laundering (AML), Combating of Financing of Terrorism (CFT), obligations under Prevention of Money Laundering Act (PMLA), 2002, etc.”
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