Heard Mr. Ajay Kumar Sinha, learned counsel for the petitioner and Mr. R.R. Upadhyay, learned counsel appearing for the Gramin Bank and its functionaries.

2. With the consent of the parties, the writ petition has been heard at the stage of admission with the view to its final disposal.

3. The petitioner is aggrieved by the order dated 26.9.2008 of the Appellate Authority- Board of Directors as communicated vide Memo No. 392 dated 8.11.2008 whereby the petitioner was informed regarding the dismissal of his appeal, a copy of which communication is impugned at Annexure-6 and which dismissal of appeal confirms the order of punishment imposed on the petitioner of reduction of 2 increments in the time scale of pay passed by the Disciplinary Authority vide order dated 12.5.2007 impugned at Annexure-4 to the writ petition. The charge-sheet enclosed at Annexure-1 dated 6.9.2005 charges the petitioner on 10 counts of abusing his position as a Branch Manager of the Bank in the matter of disbursement of loans.

4. In sum and substance, the allegation against the petitioner is of not following the rules and guidelines of the Bank in disbursement of loans rather recklessly disbursing loan