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BEWARE SBI CUSTOMERS: SBI warns crores of consumers, stay away from fake bank loan lenders

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The bank has cautioned its customers that such companies are offering fake loans to consumers to commit fraud.

New Delhi. The country’s largest public bank, the State Bank of India (SBI), has warned its crores of consumers by warning them. SBI has tweeted from its official Twitter handle that some people are offering to provide loans to customers by taking the name of SBI Loan Finance Limited or any such company. The bank has told its customers that it has nothing to do with SBI Loan Finance Limited and does not have any associate unit of this name. The bank has cautioned its customers that such companies are offering fake loans to consumers to commit fraud.


The bank has written in its tweet that careful SBI customers ! If you contact SBI Loan Finance Limited or any such institution, then tell that it has nothing to do with SBI. They are giving fake loan offers to our customers for scam. Posting an important notice on its official Twitter handle, SBI has stated that it has been learned that some unknown person has made a common offer by offering loans from non-existing entities in the name and style of SBI Loan Finance Limited or any such entity. Trying to cheat the public.


The bank has warned its customers that they are not associated with any such institution and that the lender is not authorized to do so. SBI has advised all the individuals in need of loan to contact the nearby bank branches and not to get caught in such a fraud. In January this year, the country’s top lenders warned against loans being given by unauthorized digital platforms, promising quick and hassle-free processes through mobile applications. SBI then tweeted that beware of fake Instant Loan Apps! Please do not click on the unauthorized link or give your personal details to anyone in the name of SBI or any other bank.

Government appointed Anil Kumar Sharma as Director of State Bank

The State Bank of India said that the government has named Anil Kumar Sharma, the executive director of the Reserve Bank, as a director on its board of directors with immediate effect. The State Bank, citing the notification dated 13 April 2021 of the Department of Financial Services in this regard, said that the Central Government has nominated the Executive Director of Reserve Bank Anil Kumar Sharma as Director on the Central Board of Directors of the State Bank with immediate effect. His appointment will remain until further orders. The Central Board of Directors of this bank, headed by State Bank Chairman Dinesh Kumar Khara, consists of 13 members. This information is given in the bank’s website.


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