Dear Team,

During our recent verification process, the following issues came to our attention:

Key Handover: On 10-May-2025, after completing the end-of-day operations, BM Ratnesh Kumar (SF0098114) proceeded on leave and handed over his key (G1-474019) to BQM Munna Jaiswal (SF0063601). It is noted that the BQM was already in possession of another key (G2-474019).

Cash Discrepancy: A cash shortage of Rs. 9,540 was observed in the branch between 13-May-2025 and 14-May-2025. Initially, the discrepancy was attributed to an IT issue. However, further investigation revealed that the shortage resulted from the embezzlement of funds by the BQM.

Resolution: On the evening of 14-May-2025, upon the BM's return, the BQM went on leave. The embezzled amount was subsequently recovered and deposited back into the bank on 23-May-2025. The full amount of Rs. 9,540 was recovered from BQM Munna Jaiswal on the same day.