According to the Police Media Division, the suspects have been handed over to the Criminal Investigation Department (CID) for further investigations. Authorities have not yet disclosed the full scope of the alleged misconduct, but inquiries are ongoing.
In an official statement, NDB sought to reassure customers that the incident has not affected any client accounts or deposits. The bank emphasized that all services continue to operate without disruption.
The bank confirmed that the fraud was limited to a specific operational unit and involved only a small group of employees. The staff members allegedly linked to the incident have been immediately suspended. NDB added that all relevant evidence and internal records have been secured to support the investigation.
As part of its response, the affected division has been placed under heightened supervision. The bank also announced steps to strengthen internal controls, reporting mechanisms, and overall security systems to prevent similar incidents in the future.
NDB estimated that, in a worst-case scenario, potential losses from the fraud could reach approximately Rs. 4 billion for the quarter ending March 31. To ensure transparency, the Board of Directors has decided to appoint an independent forensic expert to carry out a comprehensive review.
Despite the situation, the bank underscored its financial stability. It reported a net profit of Rs. 11 billion for the 2025 financial year, with total assets nearing Rs. 990 billion as of March 31.
Investigations by the CID are expected to shed further light on the extent of the fraud and any additional individuals who may be implicated.
