Reserve Bank of India is not the richest bank in the world; here’s the fact check

A picture post is making rounds on social media according to which the Reserve Bank of India has become the world’s richest bank.

It also claimed that RBI has left behind the Central bank of America.

The post read: “रिज़र्व बैंक ऑफ़ इंडिया बना विश्व का सबसे अमीर बैंक. अमेरिका के केंद्रीय बैंक को भी पिछड़ा | मोदी है तो मुमकिन है|”

(Translate: “Reserve Bank of India becomes the world’s richest bank. Leaves US’ central bank behind. It is possible if Modi is there.”)

ALSO READ: Can NRIs vote online in 2019 Lok Sabha Elections?

The above post was shared extensively, at the time of filing this report it was share by over 6,000 people.

FACT CHECK

When we fact-checked the above post we found that the claims made are FAKE.

According to a list of the richest bank, the Industrial and Commercial Bank of China is the richest bank in the world with total assets worth USD 4,009 billion and Reserve Bank of India is not in top 15 spot.

Hence, it is very much clear that the claim made in the above post is false.

If you want to fact-check any story, WhatsApp it now on +91 88268 00707

FAKE NEWS BUSTER

Name
Email
Phone
Picture/video
Picture/video url
Description

Click here for Latest News updates and viral videos on our AI-powered smart news

LEAVE A REPLY

Please enter your comment!
Please enter your name here