New Delhi, Jul 31 (PTI) The CBI has arrested two HDFC Bank officials for allegedly demanding a bribe of Rs 2.70 lakh for sanctioning Rs 99 lakh loan, the agency said Friday.

A CBI spokesperson said the bribe amount was negotiated and the two officers, working in Baramati branch of Pune district, had brought it down to Rs 2.25 lakh.

Also Read | Chamoli District Administration Signs Contract With Amazon to Distribute 'Panch Badri Prasadam' of Badrinath Dham.

The CBI has registered a case against Relationship Manager of the branch on a complaint.

"It was alleged that the Relationship Manager had demanded bribe of Rs. 2.70 lakh from the complainant for the sanction and disbursement of a loan of Rs. 99 lakh from HDFC Bank, Baramati Branch, Pune to the complainant. The accused sent his junior (Rural Sales Executive) to collect the bribe from the complainant," the CBI spokesperson said here Friday.

Also Read | PM Narendra Modi Conveys Eid-ul-Azha Greetings to Bangladesh PM Sheikh Hasina : Live News Breaking And Coronavirus Updates on July 31, 2020.

On getting input about the transaction, the agency laid a trap and caught the Rural Sales Executive red-handed while accepting the bribe of Rs 2 lakh from the complainant, the spokesperson said.

Later, the agency also arrested the relationship manager.

The agency carried out searches at the office and residential premises of the accused at Baramati.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)