CA Bajarang Ramachandra Sawant
Senior Partner
FCA · B.Com
Banking & Financial Services
Co-operative Banks & Credit Societies
Statutory, internal and concurrent audit and advisory for urban co-operative banks, district central banks and credit societies.
Overview
Co-operative institutions answer to a different regulatory architecture from commercial banks, and often to more than one authority at once. The governance context is distinct too - an elected board, a member base and a scale of operation where the audit relationship carries real weight. It is a segment the firm has worked in throughout its history.
What this covers
How we help
Statutory audit
Audit of urban co-operative banks, district central banks and credit societies.
Internal and concurrent audit
Continuous and periodic internal audit against the applicable scope.
Regulatory reporting
Returns and reporting to the applicable regulator and registrar.
Governance advisory
Board processes, delegation and compliance frameworks.
Recovery and NPA review
Classification, provisioning and recovery process review.
Who leads this
Partner contact
Related
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Revenue leakage, branch inspection, currency chest and treasury operations audit.
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Talk to us about co-operative banks & credit societies
A short conversation is usually enough to establish whether this is the right route, and what it would involve.