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SBICPSL is having a valid certificate of registration dated 6.10.1998 issued by the Reserve Bank of India under section 45-IA of the Reserve Bank of India act, 1934. However, the Reserve Bank of India does not accept any responsibility or guarantee about the present position as to the financial soundness of SBICPSL or for the correctness of any of the statements or representations made or opinions expressed by SBICPSL and for repayment of deposits / discharge of liabilities by SBICPSL.