RBL Bank has issued a formal response addressing recent media reports concerning a criminal investigation in Telangana. The bank confirmed it is aware of FIRs registered at the Karimnagar-III Town Police Station involving the alleged misuse of current accounts at its Kisan Nagar branch. While two branch employees were briefly taken into custody and subsequently granted bail, the bank maintains it has no knowledge of, nor authorized, any illicit activities related to these accounts.
Response to Criminal Investigation
Following recent reports alleging that ₹137 crore was diverted to China through mule accounts, RBL Bank has clarified its position regarding the ongoing legal proceedings. The bank acknowledged the investigation by the Telangana Cyber Security Bureau under FIR Nos. 68/2026 to 78/2026. The case is currently sub judice and pending before the Junior Civil Judge-cum-Judicial First Class Magistrate in Karimnagar.
Impact on Operations
The bank has explicitly stated that it does not anticipate any material impact on its overall financial position or operational stability as a result of these developments. The institution emphasized that the incident, which centers on allegations against specific individuals and accounts at the Kisan Nagar branch, does not reflect on the broader financial health of the organization.
Commitment to Compliance
RBL Bank reaffirmed its zero-tolerance approach toward misconduct and illegal activities. The management stated that it continues to uphold rigorous standards regarding Know Your Customer (KYC) protocols, account opening procedures, and employee conduct. The bank is cooperating with the relevant investigating authorities to ensure transparency while maintaining its commitment to customer protection and robust corporate governance.
Source: BSE
