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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) | ₹ 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 ₹ 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 ₹ 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.
Threshold-based escalation for lodging CBI complaints in bank frauds requires specific CBI units based on amount and staff involvement. Prescribes a threshold-driven framework requiring public sector banks to lodge complaints with designated CBI divisions based on monetary thresholds and whether staff involvement is prima facie evident, directing lower-range staff-involved matters to anti-corruption units and escalating higher-value matters to specialized CBI units and headquarters policy leadership. of Press 'Enter' after typing page number.
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