Suddenly 5 photos of TV channel become viral which shows merging of few banks into one. Yes, the images are not photoshopped or modified but are not new. The photos are from July 2017, taken from Zee Business Hindi Channel
Following are the viral images –
These news actually resulted in a panic with a Hoax, a list of banks closing down which was false. You can read about it on Money Control –
“There are increasing number of messages on WhatsApp and other social media platforms informing people about closure of nine banks. However, these are baseless, untrue and all depositors’ money is safe, according to Finance Ministry and the Reserve Bank of India (RBI).
Since last few weeks, Whatsapp Groups have seen a barrage of messages claiming closure of nine public sector banks — Corporation Bank, UCO Bank, IDBI Bank, Bank of Maharashtra, Andhra Bank, Indian Overseas Bank, Central Bank of India, Dena Bank, and United Bank of India.
The Finance Ministry has confirmed that the reports of the PSBs shutting down are “ridiculous, baseless and incorrect”.
“Government plans to consolidate 21 public sector banks to 12
As part of a three-tier structure, the official said, there would be at least 3-4 banks of the size of SBI, the country’s largest lender. Some region centric banks like Punjab and Sind BankBSE 1.81 % and