16 May 2025

Please refer to our circular reference no. NB.DoS.HO.CFMC/2579/P-80/2017-18 dated 29 September 2017 advising guidelines regarding classification, reporting and monitoring of frauds. In view of the Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / District Central Cooperative Banks (DCCBs) issued by RBI [ vide Reference No. RBI/ DOS.CO.FMG.SEC.No.6/23.04.001/2024-25 dated 15 July 2024 which is applicable to StCBs and DCCBs with effect from 15 July 2024], the instructions contained in our circular reference No. NB.DoS.HO.CFMC/2579/P-80/2017-18 dated 29 September 2017 stand repealed.

2. As per chapter-VI and chapter-IX of the aforementioned Master Directions on Fraud Risk Management issued by RBI, StCBs/DCCBs shall report the incidents of fraud, theft, burglary, dacoity and robbery to NABARD in the manner and in the returns/formats as prescribed by NABARD. Accordingly, in the exercise of powers conferred to NABARD under Section 27 (3) read with Section 56 of the Banking Regulation Act, 1949, we advise that StCBs/DCCBs shall report incidents of fraud through returns on Fraud Monitoring System (FMS) and the incidents of theft, burglary, dacoity and robbery through Returns on Bank Robbery (RBR) to NABARD. The detailed guidelines for reporting of incidents of fraud and theft/burglary/dacoity/robbery to NABARD are herewith furnished in the annexure.

3. You are advised to ensure timely and complete submission of FMS and RBR returns online through the ENSURE portal (reporting portal of NABARD), failing which StCBs/DCCBs shall be deemed violating Section 27 (3) read with Section 56 of the Banking Regulation Act, 1949, and thus they would be liable for penal action as prescribed under Section 47(A) of the Act, ibid.

4. Please acknowledge receipt of the circular to our concerned RO.

Yours faithfully,

(Sudhir Kumar Roy)

Chief General Manager