Diabytes
Don't have any view on fiscal health of any bank: Odisha government issues clarification after RBI expresses concern
Reserve Bank of India had reportedly expressed concern over Odisha government cautioning its departments against placing deposits with banks.
Trending Photos
10- 13
- 12
- 10
 "Don't have any view on fiscal health of any bank: Odisha government issues clarification after RBI expresses concern")
Bhubaneswar: After Reserve Bank of India (RBI) reportedly expressed concern over Odisha government cautioning its departments against placing deposits with banks, the Naveen Patnaik-led administration on Friday came out with a clarification saying that it does not have any view on the fiscal health of any particular bank.
"It is to be clarified that the state government does not have any view on the fiscal health of any particular bank. That comes under the domain of Reserve Bank of India. There is no reason for anyone to get apprehensive about the financial health of the banks in general," read the clarification from Odisha's Principal Secretary to all the concerned officials and departments.
Further, the clarification states that the earlier circular issued on October 21 was only meant to avoid opening of new accounts and shifting of government funds meant for welfare and development activities of government without any reason from one bank to another.
However, it said that the withdrawal of government fund from the state treasury and parking the same in banks for a long period without an adequate justification causes loss to the state exchequer and should be avoided.
Live Tv
 "DNA: 3 weapons of elections in India!")
 "DNA: Millionaires growth at double speed in Delhi-Mumbai!")
 "DNA: Scientists Discover a 'Phonetic Alphabet' Used by Sperm Whales")
 "DNA: No SIM, now phone will be blocked directly")
 "DNA: What should be your healthy diet chart?")
 "DNA: Can AC in your car cause Cancer?")
 "DNA: Heart warming video from Kashmir")
 "DNA: Entry of Ghazwa-e-Hind in Elections!")
 "DNA: Punjab government refuses VRS to IAS officer who is BJP’s Lok Sabha candidate")
 "DNA: Astrazeneca withdraws Covid vaccine")
