Bank Branch Audit Policy by RBI 2011-12

Bank Branch Statutory Audit 2011-12/ Bank Branch Audit Allotment 2012

Only nationalized banks having advances above Rs.20 crores and above and for below 20 crores ones in every five year will be subject to statutory bank branch audit.

And 1/5th of remaining could be new allocation for bank branch audit.

The final communication in this regard is awaited from RBI. Initial limit proposed was 100 crores and above. The decreased in limit is as a result of effort made by ICAI.