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 Suspended SBI Shamsheergunj manager Sabavath Lakpathy and former SBI Bandlaguda branch manager G Vasanth Kumar and a consultant,J Srinivas, were arrested by Central Crime Station, Hyderabad, sleuths on Thursday. In August, 2019, officials of SBI personal banking unit had lodged a complaint with CCS alleging that managers of their Shamsheergunj, Bandlaguda (Nagole), Banjara Hills branches had issued fabricated student education loan sanction letters to prospective students planning to seek admission in universities in the United Kingdom and Australia between November 2018 and May 2019, Hyderabad joint commissioner of police (CCS) Avinash Mohanty said. The fraud came to light during an internal inquiry by SBI.. "For the purpose of restructuring, the bank will depend entirely on the customer's assessment of when they expect their income to be normalised or to get employed," said SBI managing director C S Setty said while announcing the scheme. The country's largest len