The Reserve Bank of India (RBI) on Friday clarified that no question of closure of any government bank is raised. This statement has come after the rumors spread on social media. This year's explanation came from the RBI for the second time this year.   

After the process of accelerated corrective action (PCA) against the Bank of India on behalf of the RBI, rumors were spread that the government could close certain banks.   

In a separate statement, senior government official and financial services secretary Rajiv Kumar said that the question of closure of any bank does not arise. In order to strengthen the public sector banks, the government plans to invest Rs 2.11 lakh crore in it. Do not believe in rumors. A road map of the improvement of the government banks is on track.

Rajeev Kumar tweeted, "No question of closing down any Bank. Govt is strengthening PSBs by 2.11 lakh Cr recapitalization plan. Do not believe rumor mongers. Recap, Reforms roadmap for PSBs firmly on track @FinMinIndia @arunjaitley @PMOIndia @RBI"   

Rumors were spread through Whatsapp messages that the number of government banks will be reduced from 21 to 12. Rumors said that nine banks will be closed or they will be merged with any other bank.

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