False allegations against officials in Lonavala FIR: Kotak Mahindra Bank

Media reports quoting Lonavala police said an FIR had been registered against seven officials of the bank on the complaint of a Lonavala resident

Private sector lender Kotak Mahindra Bank said that false allegations were levelled against the bank’s officials by a borrower while filing a first information report (FIR) with Lonavala Police Station, and the bank had acted in accordance with the prevailing law and processes.
 
A spokesperson said the bank was cooperating with local authorities.
 
“A borrower at our Lonavala Branch has filed an FIR naming Kotak Mahindra Bank officials at the Lonavala Police Station wherein he has made false allegations in the context of his borrowing transactions. The bank acted in accordance with the prevailing law and processes at