Odisha govt backtracks from warning against bank deposits after RBI raises flag
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.
It is to be clarified that the state government does not have any view on the fiscal health of any particular bank.
The Odisha government also clarified that the earlier circular issued on October 21 was only meant to avoid opening of new accounts.