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Odisha govt backtracks from warning against bank deposits after RBI raises flag

Saturday, October 26, 2019, 7:57 PM

The Odisha government has issued a clarification after Reserve Bank of India (RBI) expressed concerns over the Naveen Patnaik-led administration's directives to its departments against making deposits with banks. Citing media reports flagging doubts over safety of deposits in some banks, the Odisha government had earlier directed its departments, PSUs and other agencies to be 'very careful' while keeping deposits in any bank.