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Central Bank Of India Given Clarification On Branches Closing News, Said No Such Plans In Current Financial Year

Central Bank of of India Branches: State-run Central Bank of India said on Saturday that no decision has been taken yet regarding the closure of a large number of branches during the current financial year. However, the bank also said that re-aligning or shifting branches is a routine practice. In fact, according to many media reports, the Central Bank of India is considering closing 13 percent of its branches.

No decision yet on closure of large number of branches – Central Bank of India
Central Bank of India, in a clarification regarding media reports regarding closure of branches, said, “We inform that no decision is yet to be taken regarding closure of large number of branches during the financial year 2022-23.” Has happened.’

The bank said that it is a regular practice for each bank to re-align, move, merge, close or open branches on a regular basis to achieve the objectives of corporate business. “We assure our dear customers and all other stakeholders that their interests are well protected,” the statement said.

According to media reports, the Central Bank is considering closing branches.
According to media reports, it is being said that among the banks kept in PCA, except the Central Bank, the rest of the banks came out of this list because the financial condition had improved. But the condition of the Central Bank did not improve. After which the closure of 13 percent branches of the Central Bank is being considered so that the financial condition can be improved.

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