Contingent Liabilities
List of major items of the contingent liabilities (other than constituents’ liabilities such as guarantees, letters of credit, acceptances, endorsements, etc.) not acknowledged by the branch?
List of claims against the branch together with the status of claim may be obtained.
List of contingent liability to be verified and the same to be compared with last year’s list.
The items not appearing in the current year’s list may be enquired with reasons thereof.
Whether any provisioning is warranted against these Contingent Liabilities.