City
Epaper

Abhyudaya Bank Denounces Rumours, Reiterates Financial Stability and Commitment to Customers

By Lokmat English Desk | Updated: January 20, 2024 09:27 IST

Abhyudaya Bank has issued a statement today strongly refuting recent rumors and misinformation targeting its operations. The Bank assures ...

Open in App

Abhyudaya Bank has issued a statement today strongly refuting recent rumors and misinformation targeting its operations. The Bank assures its customers and the public that there is absolutely no basis for any concerns regarding its financial stability or functioning.

Addressing Concerns:

No RBI restrictions: The Bank clarifies that no business restrictions have been imposed by the Reserve Bank of India (RBI), and it continues to operate normally.Customer trust: Abhyudaya Bank expresses its gratitude to its loyal customers for their unwavering faith and reiterates its commitment to providing the best possible banking experience.

Combating Misinformation:

Taking action: The Bank asserts its firm resolve to take legal action against those responsible for spreading false rumors and misinformation.Protecting stakeholders: Abhyudaya Bank emphasizes its dedication to protecting the interests of its customers, stakeholders, and well-wishers

The statement concludes by urging everyone to rely on official communication channels for accurate information and avoid succumbing to rumors and speculation. 

Tags: Abhyudaya BankReserve Bank Of India
Open in App

Related Stories

BusinessWhat is Universal Banking? RBI Grants This License to a Bank for the First Time in 11 Years

NationalRBI Repo Rate: What is This ‘Repo Rate’ Everyone’s Talking About? And Why Does Your EMI Go Up Because of It?

LifestyleBank Holidays in August 2025: Banks to Remain Closed For 8 Days This Month; Check Dates

MaharashtraMaharashtra: RBI Imposes Rs 6 Lakh Penalty on Motiram Agrawal Jalna Merchants Cooperative (MAJMC) Bank

NationalRBI Appoints Kesavan Ramachandran as Executive Director

National Realted Stories

NationalTravel will be easier now: Purnia residents express joy, thank PM Modi ahead of Airport inauguration

NationalSC to deliver verdict today on plea challenging Waqf (Amendment) Act, 2025

NationalPM Modi to visit Bihar, West Bengal today, unveil development projects worth over Rs 3600 Cr

NationalOne killed, three missing as heavy rains lash Hyderabad

NationalRIMS Imphal, a pillar of excellence in medical sciences: Governor AK Bhalla