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Bank Audit

Disclosure (Pillar 3)

Disclosure (Pillar 3)

Disclosure (Pillar 3) : Pillar 3 aims primarily at disclosure of a bank’s risk profile and capital adequacy. It is recognised that the Pillar 3 disclosure framework does not conflict […]

Essential Data Elements of an AMA Model

Essential Data Elements of an AMA Model

Essential Data Elements of an AMA Model : A bank should include in its ORMS the use of the following four AMA elements:  internal data;  relevant external operational […]

Board Oversight

Board Oversight

Board Oversight : The board of directors and senior management of each subsidiary/overseas branch should be responsible for conducting their own assessment of the subsidiary’s/overseas branch’s operational risks and controls […]

Capital to Risk-weighted Assets Ratio (CRAR)

Capital to Risk-weighted Assets Ratio (CRAR)

Capital to Risk-weighted Assets Ratio (CRAR) The RBI requires banks to maintain a minimum CRAR of 9 per cent on an ongoing basis. The Master Circular on Capital Adequacy contains […]

Branch Service Tax

Branch Service Tax

Branch Service Tax General  Whether the branches have followed the proper procedure? If any discrepancy is noticed by the branch auditor, the same has been properly considered at the […]