Thursday, September 20 2018

December 23, 2017

No question of closure of any public sector bank, only rumours

New Delhi-Dismissing rumours on the issue, Financial Services Secretary Rajeev Kumar said, there is no question of closure of any public sector bank.He said that govt is strengthening these banks by re-capitalisation plan of over 2 lakh crore rupees. In a tweet, he appealed to the people not to believe rumor mongers and said that the reform road map for public sector banks is firmly on track.The RBI had initiated ‘prompt corrective action’ against some banks including Bank of India