Rumor about nine banks to be closed permanently by RBI is fake

eRumor:
Nine banks will be closed permanently by Reserve bank of India. If any body having transactions in it please kindly withdraw it.

eRumor made by – Internet and social media

Confirmation by Ayupp.com – FAKE/Spam

More Samples –

Important Information.

Nine banks will be closed permanently by Reserve bank of India. If any body having transactions in it please kindly withdraw it.

IT MAY BE A HOAX, don't know. Please check.

Nine banks will be closed permanently by Reserve bank of India. If any body having transactions in it please kindly withdraw it....

The names of the bank's are
Corporation Bank,
UCO Bank,
IDBI,
Bank of Maharashtra,
Andhra Bank,
Indian Overseas Bank,
Central Bank of India,
Dena Bank and United Bank of India

Ayupp Analysis – How many hoax this days from all form of social media and yet nothing much is done by this sites like facebook/whatsapp to stop such message from being in circulation.

The above informaion shared on facebook and whatsapp is a spam message. This is just a over exploitation of information.

As per the RBI notification

RBI Clarification on Banks under Prompt Corrective Action

The Reserve Bank of India has come across some misinformed communication circulating in some section of media including social media, about the Prompt Corrective Action (PCA) framework.

The Reserve Bank has clarified that the PCA framework is not intended to constrain normal operations of the banks for the general public.

It is further clarified that the Reserve Bank, under its supervisory framework, uses various measures/tools to maintain sound financial health of banks. PCA framework is one of such supervisory tools, which involves monitoring of certain performance indicators of the banks as an early warning exercise and is initiated once such thresholds as relating to capital, asset quality etc. are breached. Its objective is to facilitate the banks to take corrective measures including those prescribed by the Reserve Bank, in a timely manner, in order to restore their financial health. The framework also provides an opportunity to the Reserve Bank to pay focussed attention on such banks by engaging with the management more closely in those areas. The PCA framework is, thus, intended to encourage banks to eschew certain riskier activities and focus on conserving capital so that their balance sheets can become stronger.

The Reserve Bank has emphasized that the PCA framework has been in operation since December 2002 and the guidelines issued on April 13, 2017 is only a revised version of the earlier framework.

Ajit Prasad
Assistant Adviser

Press Release: 2016-2017/3288

See the below video for more clerification