RBI Summons that social media rumors regarding the closure of 9 Banks are false. in a message which claimed that RBI is closing 9 banks went viral on social media and had a terrific reactions by the people as later the backdrop of Punjab and Maharashtra Cooperative banks had a huge effect on Tuesday.
RBI tweeted that the rumors through social media sources are false. Finance secretary Rajiv Kumar says there is no way of shutting the private sector banks, and all these rumors are mischievous and fake which are spread across social media. Instead government is supporting the PSB’s in raising capital so that it could serve its customers better.
On Tuesday, RBI had put across a stringent rule on Mumbai-based PMC bank, by imposing restrictions over its 6 months of operation , and the bank as well cannot issue any loan nor can open a fixed deposit account.
The utmost panic was reflected by the public when the withdrawal limit was made only 1000/- on each transaction from each account for that period.