During the ZIC meeting, proceedings were initiated against employee Mr. Pabitra Kumar Jena regarding mishandling of a borrower’s Named Lili Behera loan pre-closure request. Mr. Jena attributed the error to being occupied with meetings involving other borrowers, which led to his failure to verify and finalize the loan closure. He further stated that he directed the Branch Quality Manager (BQM) to process one EMI payment for the borrower. The remaining EMI amounts were improperly adjusted against  tipover  borrowers. A portion of the funds was retained by him for two days before being posted in FIMO after the borrower completed the payment. The committee identified multiple procedural breaches, including: 	Unauthorized retention of borrower funds, Misallocation of payments without proper documentation,  	Failure to adhere to pre-closure protocols despite borrower compliance.  Given the severity of the misconduct, repeated procedural violations, and mishandling of client funds, the committee decided to terminate Mr. Pabitra Kumar Jena’s employment with immediate effect.