THE AGONY OF UNCLAIMED DEPOSITS OF BANKS: A STUDY ON STATE BANK OF INDIA

THE AGONY OF UNCLAIMED DEPOSITS OF BANKS: A STUDY ON STATE BANK OF INDIA
Author(s):
Dr. Gautam Sen, Mr. Anupam Sahoo
Keywords:
Unclaimed deposits, Current A/C, Fixed Deposits A/C & Paired t-test
Abstract
Aim: The main objective is to examine whether there exists any relation among different component of unclaimed deposits and whether there exists nay significant difference among different component of unclaimed deposits of banks. Approach: Secondary data have used and collected from Annual reports of Banks and RBI Database from 2006-21. The descriptive statistics, ANOVA, paired t– test have been used to test the significance by using SPSS 25. Results: The scenario for current and fixed deposit account has been improved as the number of accounts and amount deposits has been reduced but for saving and other types of deposit account the scenario has remained same Implications: The study will be helpful for the policy makers to develop a policy to find out the way to make more awareness about the unclaimed deposits. Value Addition: The study is unique in the context that an overall idea how an individual bank and regulatory authority i.e. RBI are taking initiatives to reduce unclaimed deposits of banks.
Article Details
Unique Paper ID: 161578 Publication Volume & Issue: Volume 10, Issue 5 Page(s): 84 - 87
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