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RBI assures masses, Indian Banking System is safe and stable

International   |   Glibs Quick   |   about 19 days ago

With PMC Cooperative Bank fiasco unfolding, the Reserve Bank of India has taken to social media to clarify on 'rumours in some locations about certain banks including cooperative banks, resulting in anxiety among the depositors'. RBI stated that it would like to assure the general public that Indian banking system is safe and stable and there is no need to panic on the basis of such rumours. 

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