IDBI clarifies on social media rumours pertaining to bank finances

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered bank IDBI Bank Ltd said of having issued clarification in context to the rumours making rounds on social media regarding bank’s financial position.

The regulatory update as submitted by the company to the Indian Bourses, read that, this is to advise that, to counter certain rumours circulating on various social media platforms, IDBI Bank is issuing the following clarificatory message on the social media platforms

“It has come to the notice of the Bank that some unscrupulous elements are circulating malicious and totally unfounded messages on social media platforms about the Bank’s financial position. The Bank wishes to assert  to all its stakeholders that it is well capitalized and its business operations continue as usual. As recently as on September 19, 2019, the Bank has raised t 9300 crore capital from the Government of India and Life Insurance Corporation of India. The Bank urges all its customers and well wishers not to fall prey to such rumours circulating on social media.”


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