SBI Issues Urgent Warning Against Deepfake Scam Videos Promoting Fake Investment Schemes

The State Bank of India (SBI) has issued an urgent public advisory warning customers and the general public about the rising threat of deepfake scam videos. These videos, circulating widely on social media, falsely claim that SBI has launched an AI-powered investment scheme in collaboration with the Government of India and multinational corporations—offering unusually high returns. 

SBI categorically denied any association with such platforms and urged individuals to verify investment-related information through its official website, social media handles, or local branches. The bank emphasized that it does not endorse or support any investment services that promise guaranteed or unrealistic returns. 

In a statement published on its official X (formerly Twitter) account, SBI stated:
“State Bank of India cautions all its customers and the general public about many deepfake videos being circulated on social media, falsely claiming the launch of an AI-based platform showcasing lucrative investment schemes supported by SBI in association with the Government of India and some multinational companies. These videos misuse technology to create false narratives and deceive people into making financial commitments in fraudulent schemes. We clarify that SBI does not endorse any such schemes that promise unrealistic or unusually high returns.” 

Deepfake technology, which uses AI to fabricate convincing videos by manipulating facial expre

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