Summary:
In the application, the SBI branch of Sector 26, through its manager, Tara Chand, has said that on April 6, 2017, the BMB branch of Sector 26 had merged with them. The loans were allegedly granted through Bhartiya Mahila Bank (BMB), which in April 2017 merged with the SBI. Despite of the fact, these loans got sanctioned from the BMB Sector 26, Chandigarh. The State Bank of India (SBI) has moved an application in the district court of Chandigarh, seeking registration of an FIR against six persons for allegedly committing a loan fraud worth Rs 78 lakh. In 15 mudra loans sanctioned during 2014-2016, address mentioned as per KYC (Know Your Customer) documents, submitted by the borrower, is of Nehru Colony, Kajheri, which was dismantled in 2014 by Municipal Corporation Chandigarh..