As per the prosecution, the NDCCB lost Rs 125 crore in government securities in 2002 as rules were flouted while investing funds through Home Trade Securities, an investment firm. Kedar was then chairman of the bank.
"People holding higher and responsible posts are vested with responsibility to manage financial affairs to ensure not a rupee is wasted. Breach of trust by such responsible persons invites this Court to deal with the accused persons with steel hands," the court said.