RBI, government rebut rumours of public sector banks closure

New Delhi: Following rumours on social media that 9 public sector banks would be shut, both the Reserve Bank of India and the Finance Ministry, in separate statements dismissed any such action.

“Reports appearing in sections of the social media about RBI closing down certain commercial banks are false,” the RBI spokesperson said in his Twitter handle. Finance secretary Rajeev Kumar also took to Twitter to post a strong rebuttal. “No question of closing any PSB, which are articles of faith,” he said.

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