SBI alerts customers: KYC fraud is real, and it has proliferated across the country
The State Bank of India (SBI) has alerted its customers against the increasing cases of online fraud. Issuing an alert through a post on Twitter, the bank put out a warning alerting people where fraudsters dupe people in the name of Know Your Customer or KYC verification. "KYC fraud is real, and it has proliferated across the country. The fraudster sends a text message pretending to be a bank/company representative to get your personal details," SBI said in a tweet.