Lodging complaints with CBI for fraud embezzlement by banks and select Financial Institutions based on amount involved in the frauds.
Ministry of Finance
Press Release
10-March, 2017
Lodging of complaints with CBI in cases of fraud /embezzlement by commercial banks and select Financial Institutions.
Reserve Bank of India (RBI) Master Directions dated 01.07.2016 on Frauds-Classification and Reporting by commercial banks and select Financial Institutions, inter alia, provide as follows, in regard to lodging of complaints with CBI in cases of fraud /embezzlement:-
|
Category of bank |
Amount involved in the frauds | Agency to whom complaint should be lodged |
Remarks |
| Public Sector Banks (PSBs) | Rs. 3 crore and above and uptoRs. 25 crore | CBI | To be lodged with Anti Corruption Branch of CBI where staff involvement is prima facie evident).
Economic Offences Wing of CBI (wherestaff involvement is prima facie not evident) |
| PSBs | More than Rs. 25 crore and uptoRs. 50 crore | CBI | To be lodged with Banking Security and Fraud Cell (BSFC) of CBI (irrespective of the involvement of a public servant) |
| PSBs | More than Rs. 50 crore | CBI | To be lodged with the Joint Director (Policy), CBI, HQ, New Delhi. |
This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.
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