New Delhi: The Reserve Bank of India on Tuesday allayed the fears of depositors by clarifying that the rumours about certain banks including cooperative banks in some locations were false. In an attempt to ease their mood, the apex bank tweeted, “RBI would like to assure the public that the Indian banking system is safe and stable and there is no need to panic on the basis of such rumours.”

Dismissing the social media rumours, the RBI on September 25 assured that no commercial banks are going to be shut. In an official statement, RBI clarified, “Reports appearing in some sections of social media about the RBI closing down certain commercial banks are false.”

Meanwhile, Finance Secretary Rajiv Kumar termed the social media messages as ‘mischievous’ and noted that the government is currently infusing capital to public sector banks in an attempt to strengthen them. “No question of closing any PSB, which are articles of faith. Rather Govt is strengthening PSBs with reforms and infusion of capital to better serve its customers,” tweeted Kumar.