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The jeweller, who fled India in 2018 before details of his alleged involvement in large-scale fraud at the Punjab National Bank became public, has argued there is a high risk of suicide if he is extradited.
Modi has denied any wrongdoing and his lawyer declined to comment.
The federal probe agency was working to bring him back to India for a long time in connection with the loan fraud case of PNB.
Purvi Modi alias Purvi Mehta (47) and her husband Maiank Mehta were made approvers - granted 'tender of pardon' - in the case by a Mumbai court in January on the condition of making full and true disclosure.
The promoter of Geetanjali Gems and other famous diamond brands in India had fled the country weeks before Rs 13,500 crore fraud in Punjab National Bank (PNB) allegedly involving him and his nephew Nirav Modi surfaced.
The Antiguan police which has launched a missing person operation issued a statement along with the photograph of the businessman seeking information from public.
Modi, 50, who remains behind bars at Wandsworth Prison in south-west London, has 14 days to apply for permission to appeal against the Home Secretary's order in the High Court in London.
This is not the first time that a SBI branch has named and shamed education loan borrowers. In 2013, the Bodinayakanur branch of SBI in Theni district too had displayed photos of students and their parents for defaulting on their educational loans.
After a long wait. Netflix has released the investigative docuseries Bad Boy Billionaires after a legal battle that prevented the airing of the part on the Satyam Computers boss Ramalinga Raju.
The 49-year-old jeweller, wanted in India on charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case, further remanded in custody during a routine call-over hearing held via video link at Westminster Magistrates' Court in London.