No, These 9 Banks Will Not Shut Down; RBI Alerts Every Indian About This Fake News
Since last 24 hours, a viral message has been circulating on the social media, specially Whatsapp, about 9 banks being shut down.
This is a fake news, and RBI has alerted everyone about this.
In case you have received this fake news, you can share this article with them, and let them know what RBI says.
RBI: 9 Banks Are Not Shutting Down
In a short and sharp statement, RBI has dismissed this news as fake, and have said, “Reports appearing in some sections of social media about RBI closing down certain commercial banks are false,”
The message which is circulating on the social media states the name of these 9 banks: Corporation Bank, UCO Bank, IDBI, Bank of Maharashtra, Andhra Bank, Indian Overseas Bank, Central Bank of India, Dena Bank and United Bank of India.
Here is the exact message, which is fake: “Nine banks will be closed permanently by Reserve Bank of India. If anybody having transactions in it please kindly withdraw it. The names of the banks are Corporation Bank, UCO Bank, IDBI, Bank of Maharashtra, Andhra Bank, Indian Overseas Bank, Central Bank of India, Dena Bank and United Bank of India. Order by Supreme Court (Sic),”
RBI Has Taken Action Only Against Punjab & Maharashtra Co-operative Bank
The reason why this fake news became viral was the RBI sanctions on Punjab & Maharashtra Co-operative Bank (PMC), which was imposed yesterday.
As per the sanctions, the bank cannot give new loans, and cash withdrawal has been limited to Rs 1000 per customer.
This was done since there were many reports of irregularities against Punjab & Maharashtra Co-operative Bank, and RBI had to take some action.
However, these sanctions are only against PMC Bank, and no other bank is getting shut down.
It is advisable to all, to verify any news before forwarding on social media and with your friends and family.
Every forwarded message is your responsibility.