Dear Team,

As per the findings of the Internal Audit (IA) Team during the verification conducted in April 2025, it was observed that a fraud amounting to Rs. 97,420/- has taken place. Specifically, the Loan Officer Mehulbhai Mukeshbhai Chauhan/SF0069706 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 09 borrowers, amounting to Rs 97,420/-, and again failed to record these transactions in FIMO.