Unclaimed deposits with banks up 28%

Summary: The article titled “” discusses the issue of unclaimed deposits with banks, which has witnessed a significant increase of 28%. It highlights the concerns surrounding these unclaimed funds and their impact on the banking sector.

Context: Unclaimed deposits with banks have surged by 28% recently, becoming a cause for concern within the banking industry. This rise in unclaimed funds poses various challenges for banks, including potential financial instability and regulatory compliance issues. The article sheds light on the significance of this issue and its implications for both banks and customers.

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