16 May 2025

Please refer to our circular reference no. NB.HO.DoS.CFMC/2927/P-80/2016-17 dated 06 December 2016 advising guidelines regarding classification, reporting and monitoring of frauds. In view of the Master Directions on Fraud Risk Management in Commercial Banks (including Regional Rural Banks) and All India Financial Institutions issued by RBI (vide reference no. DOS.CO.FMG.SEC. No.5/23.04.001/2024-25 dated 15 July 2024 which is applicable to RRBs with effect from 15 July 2024), the instructions contained in our circular reference no. NB.HO.DoS.CFMC/2927/P-80/2016-17 dated 06 December 2016 stand repealed.

2. 2. As per chapter-VI and chapter-IX of the aforementioned Master Directions on Fraud Risk Management issued by RBI, RRBs 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) of the Banking Regulation Act, 1949, we advise that RRBs 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. 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 RRBs shall be deemed violating Section 27 (3) 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