SBI Customers, Be Careful: Fake Reward Links Prompt Government Warning
A fraudulent message has been making rounds on social media, targeting State Bank of India (SBI) customers by asking them to download an APK file to redeem rewards. The Press Information Bureau (PIB), the government’s fact-checking division, has issued a warning, advising customers not to download any unfamiliar files.
Scammers are exploiting SMS and WhatsApp to spread malicious APK files and deceptive messages. In a tweet, the PIB stated, "Beware, did you receive a message asking you to download & install an APK file to redeem SBI rewards? The SBI never sends such links or files via SMS/WhatsApp. Do not click on unknown links or download files."
What is the Scam Message? The fake message reads, "Dear Value customer, Your SBI NetBanking Reward Points (Rs 9980.00) will expire today! Redeem through SBI REWARD App. Install & claim your reward by cash deposit in your account. Thank you."
SBI's Q1 Financial Performance: Amid these concerns, SBI has reported a marginal increase in standalone net profit, which stands at Rs 17,035 crore for the first quarter of the current financial year, compared to Rs 16,884 crore in the same quarter of the previous year.
The bank’s total income increased to Rs 1,22,688 crore from Rs 1,08,039 crore in the year-ago quarter. Interest income also saw a rise, reaching Rs 1,11,526 crore compared to Rs 95,975 crore during the same period last year.
SBI’s gross non-performing assets (NPA) decreased to 2.21% in the first quarter, down from 2.76% in the same period last year. Similarly, its net NPAs eased to 0.57%, compared to 0.71% a year ago.
On a consolidated basis, SBI posted a net profit of Rs 19,325 crore, a slight increase from Rs 18,537 crore in the corresponding quarter of the previous fiscal year. Its total income rose to Rs 1,52,125 crore, up from Rs 1,32,333 crore.
In addition to its financial results, SBI’s board approved plans to raise up to Rs 25,000 crore by issuing Basel III-compliant bonds, subject to approval from the central government.
Scammers are exploiting SMS and WhatsApp to spread malicious APK files and deceptive messages. In a tweet, the PIB stated, "Beware, did you receive a message asking you to download & install an APK file to redeem SBI rewards? The SBI never sends such links or files via SMS/WhatsApp. Do not click on unknown links or download files."
What is the Scam Message? The fake message reads, "Dear Value customer, Your SBI NetBanking Reward Points (Rs 9980.00) will expire today! Redeem through SBI REWARD App. Install & claim your reward by cash deposit in your account. Thank you."
SBI's Q1 Financial Performance: Amid these concerns, SBI has reported a marginal increase in standalone net profit, which stands at Rs 17,035 crore for the first quarter of the current financial year, compared to Rs 16,884 crore in the same quarter of the previous year.
The bank’s total income increased to Rs 1,22,688 crore from Rs 1,08,039 crore in the year-ago quarter. Interest income also saw a rise, reaching Rs 1,11,526 crore compared to Rs 95,975 crore during the same period last year.
SBI’s gross non-performing assets (NPA) decreased to 2.21% in the first quarter, down from 2.76% in the same period last year. Similarly, its net NPAs eased to 0.57%, compared to 0.71% a year ago.
On a consolidated basis, SBI posted a net profit of Rs 19,325 crore, a slight increase from Rs 18,537 crore in the corresponding quarter of the previous fiscal year. Its total income rose to Rs 1,52,125 crore, up from Rs 1,32,333 crore.
In addition to its financial results, SBI’s board approved plans to raise up to Rs 25,000 crore by issuing Basel III-compliant bonds, subject to approval from the central government.
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