abhishreshthaa
Abhijeet S
INTERNAL INSPECTION
During the year, 724 branches have been inspected. It was ensured that all the compliance reports due as on 31.3.04 were duly received. Apart fro the regular inspection, concurrent audit was carried out in 153 branches as per the policy guidelines of RBI. In addition, inspection of 69 other administrative offices was also conducted during the year as programmed.
Further, out of the total 462 computerised branches 282 were subjected to computer audit. During the year, the Bank could recover 99% of leakage of income detected under Income and Expenditure audit. Bank has also complied with RBI directives relating to risk based internal audit.
Accordingly, Bank has formulated a policy on risk based internal audit, which included audit plan for the year 2003-04 and has so far conducted risk audit for 36 branches.
During the year, 724 branches have been inspected. It was ensured that all the compliance reports due as on 31.3.04 were duly received. Apart fro the regular inspection, concurrent audit was carried out in 153 branches as per the policy guidelines of RBI. In addition, inspection of 69 other administrative offices was also conducted during the year as programmed.
Further, out of the total 462 computerised branches 282 were subjected to computer audit. During the year, the Bank could recover 99% of leakage of income detected under Income and Expenditure audit. Bank has also complied with RBI directives relating to risk based internal audit.
Accordingly, Bank has formulated a policy on risk based internal audit, which included audit plan for the year 2003-04 and has so far conducted risk audit for 36 branches.