UCO Bank has recovered Rs 705.31 crore out of the Rs 820 crore that was mistakenly credited to numerous accounts in November, said Union Minister of State for Finance, Bhagwat Karad, The transfer of funds to 41,000 UCO Bank accounts was a consequence of a technical glitch in the bank's IMPS payment channel. The gli...

The rate of unclaimed deposits in Indian banks has risen by 28% in this financial year, with the amount now totaling up to ₹42,270 crore. With the Winter Session currently underway, the Parliament was informed that there has been a 28 per cent annual increase in unclaimed deposits with the banks to ₹42,270 crore in...