20+ years of specialised banking audit expertise — Statutory, Concurrent, Revenue, Stock, Credit and IS Audits — for India's leading nationalised banks. RBI and IBA Empanelled.
The firm has extensive experience conducting multiple types of audit assignments for the following categories of banking institutions.
Annual statutory audit of bank branches covering financial statement audit, LFAR preparation, compliance certification and RBI reporting.
Real-time examination of banking transactions and operations to ensure continuous compliance and early detection of irregularities and fraud.
Detection of revenue leakages in interest income, fee collections and commission — ensuring accurate and complete income recognition by banks.
Physical verification of stocks pledged or hypothecated to banks — assessing quality, quantity and valuation accuracy for credit risk management.
Post-sanction credit audit of large loan accounts — examining end-use, security compliance and covenant monitoring for large corporate exposures.
Information Systems Audit by our DISA-qualified partner — covering IT governance, CBS controls, data security and cyber risk for banks.
MNCAgra.co is empanelled by the Indian Banks' Association (IBA) as an Agency for Specialised Monitoring (ASM) — one of the most prestigious empanelments available to CA firms in India's banking sector.
ASM assignments involve independent monitoring of stressed accounts in lender consortiums — verifying project progress, asset utilisation and fund utilisation — providing banks with objective, third-party monitoring reports for large stressed assets.
Get in touch with our banking audit specialists. We are empanelled with RBI and IBA and available across 4 city offices.