The RBI vide its letter dated 25th June, 2013 (Ref.DBS.ARS.No.BC. 08/ 08.92.001/ 2012-13) communicated to "The Chairman & Managing Director, all Nationalised Banks and the Managing Director, Associate Banks of SBI"; regarding the revised rate of Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2012-13.
It has been decided to revise the remuneration payable to the statutory central and branch auditors of public sector banks from the year 2012-13 as per said communication.
I've got the letter from www.casansaar.com and also confirmed about the news from Central Statutory Auditors of one of Public Sector Bank.
The letter is hosted at following link:
https://docs.google.com/file/d/0B8GyRsbVIg8gMHg4X0NJaGdIMjQ/edit?usp=sharing\
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The RBI letter is silent about the Tax Audit Fee. Does this mean there will be no separate fee to be paid for Tax Audit of a Bank branch.
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