Odisha Grameen Bank Concurrent Audit Empanelment Notice

Odisha Grameen Bank is inviting applications from eligible Chartered Accountant (CA) Firms for empanelment as external auditors to conduct Concurrent Audits in its branches, with assignments commencing from January 1, 2026. Mandatory eligibility criteria require the firm to be a proprietary or partnership firm registered with the RBI panel for statutory ban audits, have existed for a minimum of three years, and possess at least one year of past experience in bank concurrent audit. Ineligible firms include those currently undertaking the Bank’s statutory audit for 2025-26 or those facing any pending ICAI inquiry. The firm must maintain its headquarter or branch office within the current 30 operational districts of Odisha. Selected firms will be paid Rs. 7,500 per month per branch for a maximum assignment of three branches over 12 months, requiring a minimum of 10 working days of physical presence monthly to conduct risk-based concurrent audit online within the Bank’s computerized system. Interested firms must submit their application with supporting documents via registered post only to the General Manager (Inspection) by the deadline of November 10, 2025.

CONCURRENT AUDIT IN ODISHA GRAMEEN BANK

Odisha Grameen Bank invites applications from interested Chartered Accountant Firms to be empaneled as external auditor for Concurrent Audit as per the following guidelines.

APPLICATIONS SHOULD BE REACH US ON OR BEFORE 10.11.2025

ELIGIBILITY CRITERIA FOR CHARTERED ACCOUNTANT FIRMS AS EXTERNAL AUDITORS

Chartered Accountant Firms having the following eligibility criteria may apply for external auditors for conducting Concurrent Audit of the Bank.

1. The Firm should be either a proprietary or a partnership firm having Chartered Accountant(s) as proprietor/partner(s) and already in the panel of the RBI which is circulated among the Banks for statutory audit of the Banks from time to time. Registration of the Firm with RBI is mandatory.

2. The Firm or its proprietor/partners have not been the subject of inquiries in the past by the Institute of Chartered Accountants of India as per the provisions of section 21 of the Chartered Accountants Act, 1949 and no such enquiry is pending, initiated or contemplated by the Institute as on the date of application as well as date of acceptance of assignment.

3. Where there are group of Firms of Charted Accounts having common partners, only one of the Firms in the group will be eligible for assignment of concurrent audit.

4. The existence of the Chartered Firms must be for minimum period of 3 years.

5. The CA firms who have worked for 6 years continuously are coming under cooling period for 1 year.

6. They must have minimum for 1 year past experience of conducting concurrent audit in banks.

7. They are not in the existing panel for Statutory Audit work of Odisha Grameen Bank for 202526.

8. The Chartered Firms should have their headquarter/branch office within the operational area of Odisha Grameen Bank i.e. 30 districts of Odisha at present.

9. Selection of the Firms is the sole discretion of the Bank.

10. CA Firms in preparedness to conduct concurrent audit in the Bank w.e.f. 01.2026 for one year.

11. The selected firms will be paid @7500/- per month per branch for conducting concurrent audit. They are not entitled for any additional benefits or perquisites.

12. Each auditing Firm shall be entrusted with maximum 3 branches to conduct monthly concurrent audit for a period of 12 months, may be extended further subject to satisfactory performance with a review after 12 months.

13. The concurrent audit should be conducted for minimum 10 working days by the Auditor in a month per branch by visiting allotted branch office.

14. Bank has implemented risk based concurrent audit and risk based internal audit. So the firm need to conduct audit online in Ethics programme / in the computerized system.

15. Concurrent audit will commence w.e.f 01.01.2026 for selected branches and the audit report (three copies) need to be submitted within the first week of the succeeding month to the audited branch with the bill.

16. CA Firms if selected to be guided by the rules and procedure in respect of the scope, coverage of business/branches, activities to be covered, appointment/ accountability, facilities, remuneration and reporting system etc. relating to the Concurrent Audit as framed by the Bank from time to time.

17. They have to submit declaration on fidelity and secrecy in the prescribed format.

18. The interested Firms must apply to the bank in the following address giving details on the following points along with supporting documents viz: Name of the Firm, Name of the owner, office address, address for communication with telephone no, date of establishment and details of experience on bank audit, PAN, GSTN, RBI registration No, ICAI registration no, constitution of firm etc. in the prescribed format etc.as per guidelines of Bank by registered post only.

‘General Manager (Inspection), Odisha Grameen Bank, At- Gandamunda, P.O.-Khandagiri, Bhubaneswar- 751030’.

16. The last date of receiving applications from the interested Firms is dt.10.11.2025 by 5 p.m. The application received through email will not be accepted.

General Manager
Inspection

(On Firm’s Letter head)

BIODATA OF THE FIRM OF CHARTERED ACCOUNTS
FOR EMPANELMENT AS CONCURRENT AUDITORS

To

The General Manager
Odisha Grameen Bank
Inspection Department
Head Office: Bhubaneswar

We hereby apply for empanelment as Concurrent Auditor of your bank and furnish hereunder the requisite bio-data/ information/ documents.

Note: Please attach the following documents:

a) Self-attested Photograph of proprietor / all partners / all directors.

b) Qualification & experience of all the prop. / partners / directors_;each in not more than 100 words.

c) PAN / GSTIN/UCN/FRN numbers of the firms, PAN of all Prop / Partners / Directors.

d) GST Clearance (GSTR-3B) / IT clearance.

We also solemnly declare that the information furnished above is complete and true. No material information adversely affecting us is concealed. We affirm that the terms and conditions relating to Bank’s Empanelment of Concurrent Auditors are acceptable to us.

For & On behalf of firm / Company

All Partners / Directors to subscribe their signature)

Enclosures:

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