SBI Warns Public of Deepfake Investment Scam Falsely Claiming the Bank's Endorsement

The State Bank of India (SBI) has issued a public warning against deepfake videos falsely promoting a high-return investment platform supposedly backed by the bank. In an official statement across its social media channels, SBI clarified that the videos are fraudulent and part of an investment scam.

SBI's Public Warning on Deepfake Videos, Issued on X

According to SBI, the deepfake videos falsely claim the bank, alongside the Government of India and multinational companies, has launched an AI-powered investment platform promising unrealistically high returns. SBI stated, “We clarify that SBI does not endorse any such schemes that promise unrealistic or unusually high returns.”

SBI cautioned that deepfakes are becoming increasingly sophisticated, making them harder to identify. However, the bank outlined key warning signs that may help people spot false content: Unnatural facial expressions or mismatched lip-syncing; Distorted or inconsistent audio, especially around keywords; Lighting or shadows that don’t match the setting; Promises of exceptionally high returns or offers that sound too good to be true.

The bank urged customers to verify information through official sources to avoid falling victim to scams. Additionally, SBI warned against clicking on suspicious links or sharing personal and financial details based on deepfake videos.