Not offering 'emergency loan' via YONO, says SBI
SBI, however, confirmed that it is in the process to introduce soon a pre-approved personal loan offering through YONO to provide relief to its salaried customers who are facing cash-flow problem due to coronavirus
- May 10, 2020,
- Updated May 10, 2020 5:52 PM IST
State Bank of India (SBI), the country's largest lender, on Sunday refuted news report it is offering an 'emergency loan scheme' to its customers in the wake of the coronavirus pandemic.
"This is regarding the news being widely reported about 'SBI Emergency Loan scheme via YONO'. We would like to clarify that SBI is not offering any such loan at present," the public sector lender said in a press release.
The clarification came days after some media reported that the SBI is offering its customers up to Rs 5 lakh loan under 'SBI Emergency Loan Scheme' through its app YONO.
Denying any such plans, SBI urged its customers not to believe on these rumours.
The bank, however, confirmed that it is in the process to introduce soon a pre-approved personal loan offering through YONO to provide relief to the salaried customers of SBI who are facing cash-flow problem due to coronavirus-led nationwide lockdown.
State Bank of India (SBI), the country's largest lender, on Sunday refuted news report it is offering an 'emergency loan scheme' to its customers in the wake of the coronavirus pandemic.
"This is regarding the news being widely reported about 'SBI Emergency Loan scheme via YONO'. We would like to clarify that SBI is not offering any such loan at present," the public sector lender said in a press release.
The clarification came days after some media reported that the SBI is offering its customers up to Rs 5 lakh loan under 'SBI Emergency Loan Scheme' through its app YONO.
Denying any such plans, SBI urged its customers not to believe on these rumours.
The bank, however, confirmed that it is in the process to introduce soon a pre-approved personal loan offering through YONO to provide relief to the salaried customers of SBI who are facing cash-flow problem due to coronavirus-led nationwide lockdown.