Archive · 18 Sep 2026
CBI Books State Bank Manager in Agricultural Loan Racket
The Central Bureau of Investigation says a bank manager and four other people may have taken illegal payments.
The case concerns agricultural loans for farmers.
Investigators say 109 loans worth Rs 2.10 crore were processed at the bank branch.
They allege that a private mediator collected money from borrowers.
The manager and mediator allegedly divided the payments in a 70:30 ratio.
Two housekeeping workers allegedly helped move loan papers between them.
Investigators also traced some money through bank accounts.
The case is about alleged wrongdoing, and the investigation is continuing.
The Central Bureau of Investigation registered criminal cases against an State Bank of India branch manager and four others in Nalgonda district.
The case alleges that manager M Uday Gopal accepted bribes to process, sanction and disburse agricultural loans.
Investigators said 109 loans totaling Rs 2.10 crore were issued through the SBI Vazirabad branch.
Private mediator Rupavath Saida Naik allegedly collected payments and shared the proceeds with Gopal in a 70:30 ratio.
Two outsourced housekeeping workers allegedly helped transfer documents and received portions of the alleged bribes.
- Who
- The Central Bureau of Investigation booked State Bank of India manager M Uday Gopal, mediator Rupavath Saida Naik, and housekeeping workers Shaik Khadar Mainoddin and Imran Shaik, along with one other individual.
- What
- Criminal cases were registered over alleged bribes collected to process, sanction and disburse agricultural loans.
- When
- The cases were registered on Thursday; the articles do not provide an exact date.
- Where
- The alleged activity involved the State Bank of India Vazirabad branch in Nalgonda district.
- Why
- The CBI alleges that illegal gratification was accepted in connection with 109 agricultural loans totaling Rs 2.10 crore.
- Agency
- Central Bureau of Investigation
- Bank branch
- State Bank of India, Vazirabad branch
- Loans examined
- 109 agricultural loans
- Total loan value
- Rs 2.10 crore
- Alleged sharing ratio
- 70:30 between M Uday Gopal and Rupavath Saida Naik
- Transfers cited by investigators
- Rs 43,97,927 transferred to Komala Devi’s HDFC Bank account and Rs 8,56,930 transferred to Uday Gopal’s HDFC Bank account