Process of Bank Audit Allotment
- Bank will get the eligible list of Auditors from RBI
- Bank will call / send mail to new Auditors for Consent based on their vacancy.
- After receiving consent from new auditors, Branch will prepare an allotment list branch wise for each auditor both existing and new and send to the RBI for approval.
- After getting approval from RBI, Branch will send appointment letter with branch details to auditors both new and existing.
Normally, for new auditors if they receive mail from bank for Consent is confirmation of bank audit. RBI approval for Branch wise is procedural one.