Non allotment of audit to displaced auditors of Allahabad Bank by Indian Bank

Copy of letter written by CA. Babu Abraham Kallivayalil, Chairman, Professional Development Committee of ICAI to Shri Ajay Kumar Choudhary, Chief General Manager, Reserve Bank of India, Mumbai on Non allotment of audit to displaced auditors of Allahabad Bank by Indian Bank.

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PD/A-32/2021

Date:- 17th March, 2021

Shri Ajay Kumar Choudhary
Chief General Manager
Reserve Bank of India
Mumbai

Dear Sir,

Re: Non allotment of audit to displaced auditors of Allahabad Bank by Indian Bank

This has references to the list of Continuing and Non Continuing Bank Branch Auditors for the Audit Cycle 2020-2021 sent by Reserve Bank of India to all Public Sector Banks.

We have received several complaints from our members regarding non allotment of audit by Indian Bank to the auditors of erstwhile Allahabad Bank with the remaining term, during the year. We understand that the names of the Bank Branch Auditors of Allahabad Bank (merged with Indian Bank) have been sent to all Public Sector Banks as Non Continuing Auditors.

We wish to state that the auditors of the then Allahabad Bank were unaware of the given fact and did not seems to have accepted the Bank Branch Audit assignment offered by other banks.

Sir, this has caused undue hardship to the said auditors. To mitigate their genuine hardship, we humbly request your goodself to instruct Indian Bank to accommodate these auditors till the completion of their four year audit cycle.

Looking forward to your positive response.

With kind regards,

(CA. Babu Abraham Kallivayalil)
Chairman, Professional Development Committee

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