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The Judicial Magistrate First Class, 62nd Court, Nilesh Dhend granted bail to Rahul Punjwani on a personal bond and surety of ₹1 lakh, observing that the evidence in the case was documentary in nature and that the accused did not need to be detained until the completion of the investigation. On Sept 9 the Central Cyber region police had arrested Punjwani and another employee Abhishek Verma in the case. The changes were reportedly made through the bank’s Tardeo and Shivaji Park branches in July and October 2025.
An internal inquiry by the Bank revealed that mobile numbers and email IDs linked to the savings accounts of deceased customer Vimala Patil, according to the prosecution. Patil had allegedly been changed using customer request forms bearing forged signatures.
Mumbai: The Mumbai court has granted bail to private bank’s former Chowpatty branch manager Rahul Punjwani in connection with an alleged Rs 29.83 lakh cheating case involving the fraudulent alteration of mobile numbers and email IDs linked to accounts of deceased customers of the bank. The court also permitted provisional cash security of ₹1 lakh in lieu of one or two sureties for two weeks The court noted that although the accused’s role appeared in the case, the nature of the allegations did not warrant his detention until the investigation was completed.