Overview

• On August 5, approximately 50 MNS workers led by city president Chandu Lade forcefully entered the Mount Road branch of Yes Bank in Nagpur, slapping a staff member, blackening his face and defacing the premises with slogans and ink.
• The protest was organized on behalf of borrower Indrajit Baliram Mule, who alleges the bank confiscated and auctioned his JCB earthmoving machine without notifying him after he defaulted on a loan.
• Nagpur police intervened during the attack, detaining several participants, increasing security at the branch and collecting CCTV footage and eyewitness statements.
• Authorities have opened an inquiry into whether Yes Bank followed due process in seizing and selling the borrower’s machinery and are considering legal action against those involved in the assault.
• Yes Bank has not issued an official statement on the incident or the borrower’s allegations, highlighting scrutiny of banking practices as political tensions intensify ahead of Maharashtra’s local elections.