Monday, February 20, 2012

Bank Branch Audit Policy by RBI 2011-12* Final Communication Awaited

Bank Branch Statutory Audit 2011-12/ Bank Branch Audit Allotment 2012

Only nationalized banks having advances above Rs.20 crores and above will be subject to statutory bank branch audit.

And 1/5th of remaining could be new allocation for bank branch audit.

**The final communication in this regard is awaited from RBI.
Initial limit proposed was 100 crores and above. The decreased in limit is as a result of effort made by Institute.