SBI advice the customers to take caution against immediate loan apps
The country's oldest bank, State Bank of India (SBI) has informed the customers against instant loan apps and even suggested measures in order to safeguard against these activities.
SBI tweeted "Please refrain from clicking on suspicious links or giving your information to a company posing as a Bank or Financial Company. Report cybercrimes at cybercrime.gov.in"
Several complaints have been registered with the government as well as the Reserve Bank of India (RBI), against the instant loan apps, especially those originating from China.
Their escalation has led to increased cases of cybercrime and also extortion of unlucky borrowers.
It is always better to check the authenticity of an app before downloading, SBI suggested.
Customers should not click on untrusted links and must ...
