Dear Team,

As per the findings of the Business Team, the verification conducted by Internal Audit (IA) in May 2025, it was observed that a fraud amounting to Rs. 31,510/- has taken place. Specifically, the Loan Officer Niru Kharadi/SF0074511 collected amounts from borrowers but failed to perform the following actions:

The collected amount was not posted in FIMO.

The collected amount was not deposited in the branch.

Additionally, it was observed that the Loan Officer collected EMI payments from 4 borrowers, amounting to Rs. 31,510/-, which have amount of which Rs. 8,960 was posted in FIMO and the rest amount of Rs. 22,550/- and again failed to record these transactions in FIMO.