Noida. A case of allegedly obtaining a ₹8.90 lakh loan from the State Bank of India (SBI) Sector 48 branch in Noida using fake documents has come to light. Jagpal Singh allegedly claimed to be an employee of a school in Bhajanpura, Delhi, and applied for a salary-based loan. He submitted salary slips, Form 16, an identity card and other documents related to his employment and income. The bank approved the loan on November 22, 2023, after examining the documents. However, after the borrower stopped making instalment payments and the loan account turned into a non-performing asset (NPA), the documents were re-examined, allegedly revealing discrepancies.
According to a complaint filed by the bank’s branch manager, Neha Yadav, Jagpal Singh applied for the loan in 2023 on the basis of his claimed salary. In his application, he stated that he was employed at a school in Bhajanpura, Delhi. He submitted several documents to support his employment and income details. Following the verification process, the bank sanctioned a loan of ₹8.90 lakh on November 22, 2023.
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At the time of taking the loan, Singh had assured the bank that his salary account would not be transferred to another branch until the entire loan amount was repaid. He had also agreed to provide the necessary documents whenever required by the bank. The loan account initially operated normally, but after some time, the borrower allegedly stopped paying the instalments.
As the payments remained outstanding, the loan account was classified as an NPA. The bank subsequently sent a notice to the borrower demanding repayment of the outstanding amount, but the dues were allegedly not cleared. During the recovery process, bank officials ordered a fresh verification of the documents submitted with the loan application.
The subsequent examination allegedly revealed discrepancies in the salary slips, Form 16 and identity-related documents submitted by the borrower. According to the bank, the employment and income details mentioned in the documents did not match the actual information. The bank then initiated legal proceedings in the matter.
The bank has alleged that Singh provided false information about his employment and income and used allegedly forged documents to obtain the loan. According to the bank management, a complaint regarding the matter was submitted to Sector 49 police station on April 15, 2026. However, after an FIR was not registered, the bank approached the court seeking legal intervention.
Following the court’s directions, an FIR has now been registered at Sector 49 police station. Police are investigating the documents submitted with the loan application, the accused’s claimed employment, income details and other records provided to the bank. Investigators are also examining whether any other person was involved in preparing the alleged forged documents or facilitating the loan process.
About the author — Suvedita Nath is a science student with a growing interest in cybercrime and digital safety. She writes on online activity, cyber threats, and technology-driven risks. Her work focuses on clarity, accuracy, and public awareness.
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