India News | No Decision Yet to Close a Large Number of Branches This Fiscal: Central Bank of India
Get latest articles and stories on India at LatestLY. The state-run Central Bank of India on Saturday said there was no decision yet to close a large number of branches during the current fiscal year.
New Delhi, May 7 (PTI) The state-run Central Bank of India on Saturday said there was no decision yet to close a large number of branches during the current fiscal year.
However, it is a routine practice to realign or shift branches, it added.
"We hereby inform that there is no decision as of now to close a large number of branches during FY 2022-23," Central Bank of India said in a clarification with regard to media reports regarding closure of branches.
The bank further said that it is a routine exercise for every bank to realign, shift, merge, close or open branches on regular basis to achieve corporate business objectives.
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"We assure our esteemed customers and all other stakeholders that their interest is well protected," it added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)