As per internal Sources Reserve Bank of India has decided to  stick to 6 crores limit for March 2013 Statutory Branch Bank Audits. As per the reliable source, in spite of clearance for 20 crores limit, RBI is going ahead with last year agreed limit of 6 crores. RBI shall finalize its Empanelment by the end of last week of January 2013/ First week of February 2013.

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Category : CA, CS, CMA (3453)
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Tags : Empanelment (478)

0 responses to “RBI may stick to 6 crores limit for March 2013 Statutory Branch Bank Audits”

  1. murali says:

    SIR

    NO NEWS REGARDING ALLOTMENTS SO FAR . UNDERSTAND TOP LEVEL MANAGEMENT OF BANKS DO NOT WANT THE AUDITS . ACCORDING TO THEM SYSTEM ITSELF TAKES CARE OF THE REQUIREMENT

    THE PROPOSAL TO ALLOT AUDIT OF BRANCHES HAVING ADVANCES ABOVE RS 20 CRORE WILL ELIMINATE SMALL & MEDIUM SIZED FIRMS THOSE WHO HAVE RECENTLY SET UP PRACTICE THE CHANCE TO GAIN EXPERIENCE & EARN DECENT FEES

    R.MURALI FCA

  2. Satyanarayana says:

    This is with reference to the news item on 06-01-2013, regarding the six crores limit for March 2013, in respect of appointment of bank branch auditors. But when enquired at banks, we are informed that the limit of twenty crores was finalised and the allotments in many banks are complete. Kindly let us know whether the allotment of bank branch audits was finalised or yet to be done.

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