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SBFC Finance took BRIBE and sanctioned loan to a Primary Applicant - Proprietorship without having documents. Then, the applicant's proof of income documents are not there. Further, one applicant was outside the country, and SBFC skipped the KYC verification. To correct the mistake, they deleted the co-applicant, but the question remains: how was the loan sanctioned? There is negligence, and things were bypassed/overlooked. There is evidence of BRIBERY as well. An RBI complaint also has been filed, but RBI is not acting. The management of SBFC from top to bottom is corrupt. Moreover ICICI bank is their Co-Lender. It's surprising to see that ICICI is working with the corrupt Co-Lender SBFC.
#bribe #bribery #fraud #frauds #irregular #SBFC #SBFCFinance #ICICI #ICICIBank #loan #loans #nbfc #bank #banks #indianbanks #indianbank #finance #reservebankofIndia #RBI #nonbanking #mumbai #delhi #chennai #Kolkata #Bengaluru #hyderabad #india #axis #axisbank #hdfc
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