Expression of Interest (EOI) for Creation of Pool of Chartered Accountant Firms to carry out Concurrent Audit of Branches/ Other units of the Bank
Bank of Baroda invites Expression of Interest for empanelment of Chartered Accountant firms, having office in village/ town/ city / district of Bank of Baroda’s identified branches/ units, for expansion of pool of CA firms for carrying out Concurrent Audit for period of -3- years from 01.04.2025 to 31.03.2028.
Date: 7th March 2025
EOI Reference: EOI: CIAD: 117/1
EOI for Creation of Pool of Chartered Accountant Firms to carry out Concurrent Audit of Branches/ Other units of the Bank
Key Information on the EOI Response Submission:
Expression of Interest (EOI) for Appointment of Concurrent Audit Firms for expansion of pool of Chartered Accountant firms to carry out Concurrent Audits of Branches/CBOs/Other Units from 01.04.2025 to 31.03.2028.
| Sr. No. | Particulars | Timeline |
| 1. | EOI Issuance Date | 7th March 2025 |
| 2. | EOI Co-ordinator Telephone
E mail ID |
1. Mr. Prakash Mishra Mo. +91-9953761136
2. Mr. Govind Parihar Mo. +91-9999432157 3. Mr. Gaurav Singh Mo. +91-7291981138 E-mail ID:- bobsupport@c1india.com Escalation level 1 1. Mr. Sandeep Bhandari sandeep.bhandari@c1india.com for more details visit ‘contact us’ section at https://bobtenders.eproc.in |
| 3. | Last Date of Submission of EOI Response (Closing Date) | 05.00 pm 27th March 2025
Mode:- Online on URL https://bobtenders.eproc.in |
| 4. | Opening of Eligibility Cum Technical
Bid |
28th March 2025 onwards
Mode: Online on URL: https://bobtenders.eproc.in |
Note: The above dates are tentative and subject to change without any prior notice or intimation. Applicants should check website www.bankofbaroda.in under Tender Section and https://bobtenders.eproc.in for any changes / addendums to the above schedule and/or any other changes to this EOI. Bank would not be responsible for any delayed/lack of update directly to the applicant.
Steps to participate in the e-Tenders
Online viewing of Detailed Notice Inviting Tenders
- The bidders can view the Detailed Tender Notice along with the Time Schedule (Key Dates) for all the Live Tenders released by Bank of Baroda on the home page of bank’s e-Tendering Portal on https://bobtenders.eproc.in.
ACCESSING / PURCHASING OF BID DOCUMENTS:
- It is mandatory for all the bidders to have Class-III Digital Signature Certificate (With Both DSC Components, i.e. Signing & Encryption) from any of the licensed Certifying Agency under CCA, Ministry of Electronics and Information Technology, Government of India to participate in e-tendering portal of Bank of Baroda. Bidders can see the list of licensed CA’s from the link cca.gov.in C1 India Pvt. Ltd. also facilitate Class III Digital Signature Certificate (With Both DSC Components, i.e. Signing & Encryption) to the bidders. Bidder may contact C1 India Pvt. Ltd. at mobile no. +91-8130606629 for DSC related queries or can email at vikas.kumar@c1india.com
- To participate in the e-bid, it is mandatory for the Applicants to get themselves registered with Bank of Baroda e-Tendering Portal (https://bobtenders.eproc.in) to have a user ID & Password.
- The amendments / clarifications to the tender, if any, will be posted on the Bank of Baroda tender section and at e-Tendering Portal (https://bobtenders.eproc.in).
- The Bidder may modify or withdraw their bid after submission prior to the Bid Due Date. No Bid shall be modified or withdrawn by the Bidder after the Bid Due Date and Time.
- Both ‘EMD’ and ‘Tender Document Fee’, if any, are mentioned in individual tender document published at Bank of Baroda e-Tendering Portal (https://bobtenders.eproc.in).
- For helpdesk, please contact e-Tendering Cell and Help Desk Support Monday to Friday
Ph: 0124-4302033/36/37, bobsupport@c1india.com.
- It is highly recommended that the bidders should not wait till the last date of bid submission to avoid complications like internet connectivity issue, network problems, system crash down, power failure, browser compatibility issue, system compatibility issue, improper digital signature certificate problem etc. In view of this context, neither Bank of Baroda nor C1 India Pvt. Ltd will be responsible for such eventualities.
Read Full details: https://www.bankofbaroda.in/-/media/Project/BOB/CountryWebsites/India/tenders2/2025/25-03/Expression-of-Interest-CIAD-16-30.pdf
(Republished with amendments)
The DSC registration is done. But not possible to upload the application
There is no response from the bank officials who were allotted a specific duty for this service concurrent audit application not possible to upload and submit
We will not participate in this bid. Such bids have no difference with contractors.
No CA will participate in such bids. Unfortunate that, our profession is treated this way.
The statutory branch auditors and central auditors of the bank can report in their LFAR to RBI, that the concurrent audit is not as per RBI directives as qualification in their report. These type of tendered work always subcontracted and there will be no quality work.
CAs cannot participate in this tender as it is violation of ICAI guidelines on participation of tenders that minimum fee is not mentioned in the tender.
Minimum Fee is prescribed in the Tender Document although the same is not Proper.
Icai permits bidding if non CAs are also in ites in the tender
No CAs should respond to these type of advertisements like fee for application EMD etc., Then only this type of advertisements will stop. We cannot depend on Institute for this.
I fully agree with you. Nobody should respond qhere there is application money and EMD for professional service providing.
Banks will get real Concurrent Audit done, if CAs do not apply.
Unfortunately who’s who of the profession are already doing concurrent audit of bank of baroda having being appointed thry a similar process some 3 years ago
Good number of Chartered Accountants /Cost & Management Accountants have retired from Senior Positions in the Banking sector, who are better placed to undertake concurrent audit function. I Hope RBI will seriously consider the matter since Bank’s concurrent activities can be better understood by these retired professional accountants.
For concurrent audit and internal audit CA need not be insisted upon. More knowledge about management and Banking with inquisitive attitude is enough supported by solid experience. Banking sector will improve only when they divorce CA.
RBI New Notification about con-current audit, that ex bankers must involve by bank to consider con-current audit is appreciable. Ex banker knows each & every things about working & Practice of Credit and Operation with Rectifications process also.
i want details of empanelment for stock audit in bank of baroda
The ICAI should take into consideration and guide the professional not to encourage such bids for prof. work
We, the CAs who are in practice, more particularly the Small and Medium firms, can not apply for this. Whether this area will also be taken away from the small firms by the Big Firms?
Quoting fees and allotting to the smallest bidder do not seem to be in good taste and not ethical too.
We are not civil contractors to buy the application and pay EMD.
For reading the proposal itself, the bank has to give an incentive of Rs.20000 instead of asking the auditor to pay application money.
RBI has done away with appointing independent auditor function of its. It has delegated this job to Bank’s Management. Branches below 20 crores advances are not subject to audit. They are trying to save money by reducing audit function. Result is now out. Saved penny and made foolish by pound. I mean penny wise pound foolish. Hope better sense will prevail on RBI as well as Ministry of Finance. Ignorant of this ground reality, Mr. Modi Slammed CAs in his speech there by unintentionally becoming tool to tarnishing image of CA in the eyes of public across not only nation but the World at large. Shameful things for both.
Banks save cost of concurrent auditors on one hand and gives to fraudsters.
Why Not have Concurrent Auditors for Full Financial Year?