SBI alert: Bank issues notice on defrauding general public by offering loans

New Delhi: State Bank of India has recently issued a notice on the fraud that has been attempting by unknown persons to the general public by offering loans from non-existing entities in the name and style of SBI Loan Finance Ltd. or any such entities.

It is also mentioned by the State Bank of India that all persons in need of loans to approach the nearest branch and not encourage market intermediary.

State Bank of India cautions that the bank is not associated in any way with SBI Loan Finance Ltd. and or any such entities, and the persons offering loans are not authorized to do so. Members of the public are specifically cautioned not to remit any processing/registration fees to the abovenamed company or any other entity.