Business News | Bank of Baroda Clarifies Decision to Close Al Ain Branch in UAE Taken a Year Ago; Refutes Social Media Rumors

New Delhi [India], February 27 (ANI): Bank of Baroda (BoB) said it had taken a commercial decision to close its Al Ain branch in UAE a year ago and has received approvals from the country's central bank and a photo that is being circulated on social media claiming that crowds queued up at the Al Ain branch to close their accounts was misleading and false.

"To ensure the smooth continuation of services, all accounts currently maintained at the Al Ain branch are being transferred to the Bank's Abu Dhabi branch in UAE," BOB said in a statement.

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It said those customers who wish to close their account/s may do so before March 22, 2023, without incurring any charges or penalties.

"Customers are accordingly visiting the Al Ain branch to provide the necessary consent/ give further instructions with regard to their account/s in Al Ain branch," the bank further said, adding that the bank is committed to continue to provide uninterrupted services to its customers. (ANI)

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(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)