Dear Team,

As per the findings of the business team, the Internal Audit (IA) Team conducted the verification in Jun 2025, it was observed that a fraud amounting to Rs. 35,390/- has taken place. Specifically, the Upendrabhai daubhai vanzara/Loan Officer/SF0089165 collected amounts from borrowers but only posted 4,270/- left Rs.31,120/- 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 05 borrowers, amounting to Rs.35,390/-, and only posted Rs.4,270/- left Rs.31,120/- not posted so again failed to record these transactions in FIMO.