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A former Deputy Manager of Kotak Mahindra Bank has been accused of collecting loan instalments from customers without depositing the money into the bank. The accused, identified as Rajat Kumar, allegedly issued fake receipts to customers and committed fraud amounting to ₹42,400. Following an order from the court, an FIR was registered against him at the Hariparvat police station in Agra under relevant sections related to fraud.
According to the complaint, Rajat Kumar, a resident of Belanganj in Agra, was appointed as a Deputy Manager at Kotak Mahindra Bank on October 25, 2024. His responsibilities included collecting pending instalments from customers who had purchased vehicles through bank loans. He allegedly collected instalments from customers but did not deposit the money into the bank and instead provided them with fake receipts.
The alleged fraud came to light after the bank received a complaint from a borrower named Mamta. Following an internal inquiry, Pankaj, an authorised representative of the bank, approached the court and filed an application seeking legal action against the former employee. The court subsequently directed the police to register an FIR and investigate the matter.
Rajat Kumar resigned from his position on August 18, 2025, and was relieved of his duties on November 15, 2025. ACP (Hariparvat) Bajrang Prasad confirmed that the police had registered a case and that an investigation was underway. The allegations against the former bank official are currently being investigated by the police.
