Private banks’ inoperative Jan Dhan accounts rise to 8.95 million
In short
Private banks had 8.95 million inoperative Jan Dhan accounts, and their share of total accounts fell to 36%, according to the summary. Public-sector banks saw a smaller increase.
This matters because inactive accounts can point to weaker usage. The report does not say why more private-bank accounts became inoperative.
What the reporting says
Private banks’ inoperative PMJDY accounts rose to 8.95 million, while their share of total accounts fell to 36%, according to a publisher summary. The reporting says public-sector banks saw a smaller increase, and it names HDFC Bank and Kotak Mahindra Bank as leaders in the rise. The immediate impact is a larger inactive-account burden at private lenders, but the source does not explain why the accounts became inoperative.
Why it matters
Private banks saw their inoperative PMJDY account count rise to 8.95 million, even as their share of all accounts fell to 36%, according to the source. HDFC Bank and Kotak Mahindra Bank were named as leading the increase. The reporting indicates a growing inactive-account problem for private lenders, but it does not give the causes or the full account comparison with public-sector banks.