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Wednesday 25 September 2019

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RBI rebuts social media rumours on closure of 9 banks

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Rebutting social media rumours swiftly, the Reserve Bank of India (RBI) on Wednesday said no commercial banks are going to be shut. Finance secretary Rajiv Kumar discribed such social media messages as "mischievous" saying the government was in process of strengthening public sector banks by infusing capital in them.

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