Friday, 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.


Courtesy: pib.nic.in
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