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Its a Fake News: Nine Banks will be closed permanently by Reserve Bank of India

Nine Banks will be closed permanently by Reserve Bank of India. If any body having transactions in it please kindly withdraw it. Watch the video below??

1. IDBI BankIts a Fake News: Nine Banks will be closed permanently by Reserve Bank of India
2. UCO Bank
3. Indian Overseas Bank
4. Bank Of Maharashtra
5. Central Bank Of India
6. Dena Bank
7. United Bank Of India
8. Corporation Bank
9. Andhra Bank

Why is it fake News?
After UCO Bank and IDBI Bank, at least 10 more public sector banks (PSBs) are facing regulatory action, or prompt corrective action (PCA), of the Reserve Bank of India (RBI) in the face of worsening financial ratios. PCA is an aggresive and interventionist step by the RBI that force the banks to clean up their NPAs.

Click here to view fake news on Rs 500 notes.

RBI has also issued a clarification on PCA through a press release on 5th June, 2017: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=40668

So please dont believe and forward this message.

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