No Money, Honey! SBI Rejects Employee's Valentine's Day Loan Request

08/02/2016 9:36 PM IST | Updated 15/07/2016 8:26 AM IST
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New Delhi -- A probationary officer working with the State Bank of India (SBI) in Gujarat applied for a loan to celebrate Valentine’s Day, however his application was turned down by the bank.

In an interview with Times of India, the 25-year-old officer, Digvijay Singh claimed that he had not applied for the loan to get publicity, and didn’t want to comment on the bank’s decision.

Singh had applied for a loan of Rs 42,970 as a festival advance, but was turned down by SBI on the grounds of Valentine’s Day not being a valid festival.

The bank that does not recognise Mother’s Day and Father’s Day (in addition to Valentine’s Day) had earlier approved Singh’s application for an advance to celebrate Vasant Panchami. SBI, according to the report, offers one salary in advance, which can be repaid in 10 installments, as an interest-free loan to employees for celebration of festivals.

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