“A photo of customers queuing up at a Bank of Baroda branch in the UAE to close their accounts in response to the bank’s decision to lend to the Adani group despite the Hindenburg report controversy”
What FACTLY found
On 20 January 2023, Bank of Baroda announced that it would be closing its Al Ain branch in the UAE for commercial reasons. According to a statement from the bank’s representative, the decision to close the branch was made a year prior and was subsequently approved by the central bank of the UAE. The accounts held at the Al Ain branch will be transferred to the Abu Dhabi branch, and customers who wish to close their accounts may do so without penalty before 22 March 2023. The bank also advised...
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 25 February 2023. FACTLY (India) looked into it and published its finding on 27 February 2023, 2 days later. Its rating was “MISLEADING”.
Where the claim appeared
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.