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Reserve Bank rebuts social media rumours on closure of 9 banks

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Reserve Bank rebuts social media rumours on closure of 9 banks
Rebutting social media rumours swiftly, the Reserve Bank of India on Wednesday said no commercial banks are going to be shut.
PTI | September 25, 2019 | Updated 17:04 IST
"Reports appearing in some sections of social media about the RBI closing down certain commercial banks are false," the central bank said in a statement.
Rebutting social media rumours swiftly, the Reserve Bank of India on Wednesday said no commercial banks are going to be shut.
Finance secretary Rajiv Kumar discribed such social media messages as "mischievous" saying the government was in process of strengthening public sector banks by infusing capital in them.

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