Ministry of Finance
Lodging of complaints with CBI in cases of fraud /embezzlement by commercial banks and select Financial Institutions
Posted On:
10 MAR 2017 5:15PM by PIB Delhi
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:-
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Category of bank
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Amount involved in the frauds
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Agency to whom complaint should be lodged
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Remarks
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Public Sector Banks (PSBs)
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Rs. 3 crore and above and uptoRs. 25 crore
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CBI
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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)
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PSBs
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More than Rs. 25 crore and uptoRs. 50 crore
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CBI
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To be lodged with Banking Security and Fraud Cell (BSFC) of CBI (irrespective of the involvement of a public servant)
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PSBs
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More than Rs. 50 crore
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CBI
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To be lodged with the Joint Director (Policy), CBI, HQ, New Delhi.
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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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DSM/KA
(Release ID: 1484153)
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