Viral message urges folks to obtain app for ‘SBI rewards’, PIB truth checks

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The federal government’s Press Info Bureau (PIB) has issued a warning about latest scams concentrating on customers for monetary fraud.

PIB warns towards monetary scams concentrating on SBI customers(X/PIBfactcheck)

In a social media put up, PIB cautioned customers towards pretend messages claiming to supply SBI rewards. The bureau shared, “Did you also receive a message asking you to download & install an APK file to redeem SBI rewards?”

PIB additional clarified, “SBI never sends links or APK files over SMS/WhatsApp. Never download unknown files or click on such links,” as a part of its fact-check advisory aimed toward defending customers from phishing makes an attempt.

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Cyber fraud on rise

Cyber fraud is on the rise, with folks shedding lakhs on account of more and more subtle ways by fraudsters.

The Division of Telecommunications (DoT) has launched the “International Incoming Spoofed Calls Prevention System” in two phases final month. This method detects and blocks spam worldwide calls that falsely show Indian numbers as caller IDs, addressing a key factor that permits these scams.

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The corporate, backed by State Financial institution of India (SBI), had reported a revenue of ₹603 crore in the identical quarter final yr. Complete revenue, nonetheless, rose 8 per cent to ₹4,556 crore from ₹4,221 crore.

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Curiosity revenue noticed a 20 per cent rise to ₹2,290 crore, although different revenue declined by 2 per cent to ₹2,131 crore. Asset high quality barely weakened, with gross non-performing property (NPAs) rising to three.27 per cent from 2.43 per cent a yr earlier, whereas web NPAs elevated to 1.19 per cent from 0.89 per cent. Impairment losses and unhealthy debt bills rose 63 per cent to ₹1,212 crore. Moreover, SBI Card’s capital adequacy ratio fell to 22.1 per cent from 23.3 per cent as of September 2023.