Dear Sir/Madam,

This is in response to the Show Cause Notice, reference number DC-FY-2025-00282, received on 11/04/2025. I acknowledge the allegation regarding the reported lapse in process concerning the non-deposit of Rs. 1,00,000/- at the Allagadda (Chagalamarri) branch (APIL1241) on 10th April 2025.

I understand the seriousness of the allegations and the potential impact on departmental integrity and the company's code of conduct. First and foremost, I sincerely apologize for any inconvenience caused by this situation. I take my responsibilities very seriously and remain committed to upholding the standards and integrity of our organization.

Regarding the allegation of the non-deposit of Rs. 1,00,000/- at the Allagadda branch, I wish to provide the following information: Mr. Rajesh Chinthamanu (Emp. ID: SF0084004) collected Rs. 241,410/- from customers. Of this amount, Rs. 141,410/- was submitted to the office. However, the remaining Rs. 1,00,000/- was not deposited. Mr. Chinthamanu has provided a written acceptance of responsibility. We have initiated active efforts to recover the outstanding amount from him and/or his family. Unfortunately, the recovery is still in progress. We have already escalated the matter to the compliance team and informed both the reporting and functional managers. The case is currently under scrutiny.

I fully understand the seriousness of this matter and assure you of my complete and continued cooperation. I am prepared to provide any further information or documentation necessary to facilitate a swift resolution.

Thank you for your understanding and consideration. I look forward to your prompt response.

Sincerely,

Obulesu Putike
