Archive · 13 Aug 2026

700 Grams of Pledged Gold Jewellery Missing From Indian Bank

700 Grams of Pledged Gold Jewellery Missing From Indian Bank

People sometimes give gold jewellery to a bank to keep it safe while they borrow money.

The bank keeps the gold and returns it when the loan is paid back.

At a bank in Mahabubabad, about 700 grams of that gold went missing.

Bank officials found out during an audit, which is when they carefully check their records.

The bank's assistant manager and five other employees are suspected of taking the gold.

Police found some of the gold at the assistant manager's home.

Some gold was also reportedly given to another company called Manappuram Gold Loan.

Police are now trying to figure out how the gold was taken out of the bank.

People who kept their gold at this bank came to ask if their jewellery is safe.

The bank manager promised that steps are being taken to keep the gold safe.

Sources