close
Choose your channels
Telugu » Headline News » No question of closing down banks: Centre

No question of closing down banks: Centre

Wednesday, September 25, 2019 • Telugu Comments
Listen to article
--:-- / --:--
1x
This is a beta feature and we would love to hear your feedback?
Send us your feedback to audioarticles@vaarta.com

No question of closing down banks: Centre

The Reserve Bank of India today refuted the rumour that the closure of some public sector banks will happen soon. In an official statement, it categorically said that no such proposal is there.

Later, Finance Secretary Rajeev Kumar repeated the stand of the Centre. "There are mischievous rumours on social media about RBI closing some banks. No question of closing any public sector bank, which are articles of faith. Rather the government is strengthening PSBs with reforms and infusion of capital to better serve its customers," he added.

The rumours have to be seen in the context of the recent merger of 10 PSBs by the government. Recently, Rs 70,000 cr capital infusion was announced by the government.

Follow us on Google News and stay updated with the latest!   

Comments

Welcome to IndiaGlitz comments! Please keep conversations courteous and relevant to the topic. To ensure productive and respectful discussions, you may see comments from our Community Managers, marked with an "IndiaGlitz Staff" label. For more details, refer to our community guidelines.
settings
Login to post comment
Cancel
Comment

Headlines

Tirupati Laddo Controversy: AP Dy CM Pawan Kalyan's daring decision Tirupati Laddo Controversy: AP Dy CM Pawan Kalyan's daring decision
TTD EO Shyamala Rao on the Laddoo Controversy TTD EO Shyamala Rao on the Laddoo Controversy
Tirupati Laddu Row: Pawan Kalyan Calls for National Sanatana Dharma Protection Board Tirupati Laddu Row: Pawan Kalyan Calls for National Sanatana Dharma Protection Board
Shocking: Beef Fat in Tirupati Laddu Prasadam Shocking: Beef Fat in Tirupati Laddu Prasadam
Andhra Pradesh Coalition Government: 100 Days of Progress and a Vision for the Future Andhra Pradesh Coalition Government: 100 Days of Progress and a Vision for the Future
Nara Lokesh fulfills first promise he made during Yuva Galam yatra Nara Lokesh fulfills first promise he made during Yuva Galam yatra
Cristiano Ronaldo breaches one million and continues his rampage Cristiano Ronaldo breaches one million and continues his rampage
Motorsport Leagues and Legends Motorsport Leagues and Legends
AP Dy CM Pawan Kalyan meets TG CM Revanth Reddy and donates Rs 1cr AP Dy CM Pawan Kalyan meets TG CM Revanth Reddy and donates Rs 1cr
Vijayawada Floods: Chandrababu Accuses Jagan of Sabotage, Demands Flood Relief Vijayawada Floods: Chandrababu Accuses Jagan of Sabotage, Demands Flood Relief
Kamal Harris kickstarts US Presidential campaign with Bollywood twist Kamal Harris kickstarts US Presidential campaign with Bollywood twist
Upasana Konidela creates Upasana Konidela creates "shark tank" for women entrepreneurs