“The government-owned Central Bank of India is planning to shut down 600 of its branches by the end of March 2023”
What FACTLY found
The Central Bank of India through their official social media handles clarified that they did not make any decision to shut down a large number of branches during the fiscal year 2022-23. However, the bank emphasised in their press note that they would follow routine exercises like every bank to re-align/ shift/ merge/ close/ open branches on regular basis to achieve corporate business objectives
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 9 May 2022. FACTLY (India) looked into it and published its finding on 11 May 2022, 2 days later. Its rating was “FALSE”.
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.