Financial Assets Worth Rs 1.84 Lakh Crore Lying Unclaimed With Banks, Regulators: Sitharaman

ETV Bharat / business

Financial Assets Worth Rs 1.84 Lakh Crore Lying Unclaimed With Banks, Regulators: Sitharaman

Nirmala Sitharaman said that the asset remains unclaimed for a long time gets transferred from banks, to the RBI in case of deposits.

Ahmedabad: Union Finance Minister Nirmala Sitharaman on Saturday said financial assets worth Rs 1.84 lakh crore were lying unclaimed with banks and regulators, and officials need to ensure these reach the rightful owners. Sitharaman launched the three-month Apki Poonji, Apka Adhikar (Your Money, Your Right) campaign from Gandhinagar in the presence of Gujarat Finance Minister Kanubhai Desai and senior officials from the banks and the finance ministry.

Speaking on the occasion, the Union Minister for Finance and Corporate Affairs sa