https://www.taxtmi.com/news?id=34875 Investigation follows an RBI inspection revealing major cash discrepancies: the bank maintained a fixed safe retention limit of Rs 20 crore while books recorded a much larger sum, physical cash was below the retention threshold, and the EOW is probing safe capacity, routine cash withdrawals by a senior accounts officer, supervisory oversight by the former CEO, potential kickbacks, auditor involvement, and alleged failures in audit and internal controls; accused have been charged with criminal breach of trust and criminal conspiracy and remanded to enable further inquiry. en-us Fri, 21 Feb 2025 21:46:04 +0530 Fri, 21 Feb 2025 21:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34875 Investigation follows an RBI inspection revealing major cash discrepancies: the bank maintained a fixed safe retention limit of Rs 20 crore while books recorded a much larger sum, physical cash was below the retention threshold, and the EOW is probing safe capacity, routine cash withdrawals by a senior accounts officer, supervisory oversight by the former CEO, potential kickbacks, auditor involvement, and alleged failures in audit and internal controls; accused have been charged with criminal breach of trust and criminal conspiracy and remanded to enable further inquiry. News - Fri, 21 Feb 2025 21:46:04 +0530 https://www.taxtmi.com/news?id=34875