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RBI Acts, Rules & Regulation Documents & Forms FMR - 1

FMR - 1

Report on Actual or Suspected Frauds in Banks

(Vide Paragraph 3)

Part A: Fraud Report

Name of the bank

Fraud number

Details of the branch

(a) Name of the branch

(b) Place

(d) State

Name of party/account

(a)Area of operation where the fraud has occurred

(b) Whether fraud has occurred in a borrowal account

Yes/No

Nature of fraud

Total amount involved

(a) Date of occurrence

(b) Date of detection

(d) Date on which reported to RBI

(e) Reasons for delay, if any, in reporting the fraud to RBI

Brief history/modus operandi

10.

Fraud committed by

(a) Staff

Yes/No

(b) Customers

Yes/No

11.

(a) Whether the controlling office (Regional/Zonal) could detect the fraud by a scrutiny of control returns submitted by the branch

Yes/No

(b) Whether there is need to improve the information system

Yes/No

12.

(a) Whether internal inspection/ audit (including concurrent audit) was conducted at the branch(es) during the period between the date of first occurrence of the fraud and its detection.

Yes/No

(b) If yes, why the fraud could not have been detected during such inspection/audit.

13.

Action taken/proposed to be taken

(a)Complaint with Police/CBI

i) Whether any complaint has been lodged with the Police/CBI

Yes/No

ii) If yes, name of office/ branch of CBI/ Police

iii) Date of reference

iv) Present position of the case

v) Date of completion of Police/CBI investigation

vi) Date of submission of investigation report by Police/CBI

vii) If not reported to Police/CBI, reasons therefor

(b) Recovery suit with DRT/Court

i) Date of filing

ii) Present position

i) Whether any claim has been lodged with an insurance company

Yes/No

ii) If not, reasons therefor

(d) Details of staff-side action

i) Whether any departmental enquiry has been/is proposed to be conducted

Yes/No

ii) If yes, give details as per format given below:

No.	Name	Desgn.	Whether suspen-ded	Date of issue of charge sheet	Date of commen-cement of domestic inquiry	Date of comple-tion of inquiry	Date of issue of final orders	Punish-ment awar-ded	Details of prosecution/ conviction/ acquittal, etc.

iii) If not, reasons therefor

(e) Steps taken/proposed to be taken to avoid such incidents

14.

(a) Total amount recovered

i) Amount recovered from party/parties concerned

ii) From insurance

iii) Amount written off

(b) Extent of loss to the bank

15.

Suggestions for consideration of RBI

Part B: Additional Information on Frauds in Borrowal Accounts

(This part is required to be completed in respect of frauds in all borrowal accounts involving an amount of Rs. 5 lakh and above)

(a) Business address of the party in whose account fraud has taken place

(b) Names and addresses of the proprietors/ partners/ directors

No.	Name of proprietor/ partner/ director	Address

Details of account

No.	Nature of account	Date of sanction	Sanctioned Limit	Balance outstanding

Details of associate concerns

No.	Name and address of associate concern	Name of proprietor/ partner/ director	Address of proprietor/ partner/ director

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