After credit outreach programme, banks notice alarming rise in efforts to dupe customers

Cases spiked after credit outreach programme to disburse loans to priority sectors

After noticing an alarming rise in the efforts by fraudsters to dupe the general public with loan offers, the manager of the lead bank of Kodagu district has sought to caution the public against falling prey to cyber criminals.

A lead bank is assigned the role of co-ordinating disbursal of loans to priority sectors identified by the government. The lead bank works in co-ordination with the district administration. In Kodagu, the lead bank is Union Bank of India.