Empanelment of Chartered Accountants to carry out Concurrent Audit of SBI Branches situated in the State of Kerala

State Bank of India Local Head Office, S.S. Kovil Road
Trivandrum 695 001

Applications are
invited from Partnership Firms of Chartered Accountants of RBI
Category II and III and suitable for empanelment as Statutory Branch Auditors
for Public Sector Banks as per RBI norms for carrying out Concurrent Audit on
full time, contractual basis (renewable every year, at Bank’s discretion) at
its selected Branches / Offices / Credit Processing Centers (CPCs)
situated in the State of Kerala. The Audit firms under RBI Category I can also
apply provided they are agreeable to the remuneration payable to Category II or
III and found suitable as per RBI norms. The Audit firms who have already been
engaged as Concurrent Auditors by Kerala Circle need not apply.

Last date for receipt
of Application:  29th November 2014.

Those who are interested may
submit

1.     Application/ Bio-data together with
passport size photographs of all partners

2.   
 Photostat copies of Degree Certificate

3.   
 Membership Certificate of Institute of
Chartered Accountants of India (ICAI)

4.   
 RBI Category certificate

5.     Any
other certification obtained, etc.

to The Asst. General
Manager (Audit), State Bank of India, Audit Department, Local Head Office, S.S.
Kovil Road, Trivandrum 695 001 in sealed cover.

Terms and Conditions:

1.    Expertise in audit of Banking related areas
and experience as Concurrent Auditors of other Banks in the past is preferred.

2.   
Preference
will be given to locally based Chartered Accountants or proximity to where the
Branches / offices are situated.

3.   
 One employee/Articled Clerk is to be stationed
on a full day basis at the Branch on an ongoing basis.

4.   
 A partner of the firm must visit the Branch on
at least two days in a week [on full day basis].

5.   
 The Concurrent Auditor should submit report at
fortnightly intervals on irregularities observed and rectified.

6.   
 Audit Firm should acknowledge the appointment
letter as a token of the Firm agreeing to the terms and conditions of
appointment.

7.   
 The Bank will have right to reject
applications and Bank’s decision in empanelment is final. Further, if the
services of Concurrent Auditors are not satisfactory, Bank will have the right
to terminate the contract, any time.

8.   
 The following data in MS-Excel format may be
sent by email to eca.lhotri@sbi.co.in and hard copy of the same duly signed may
also be forwarded along with the application.

i)             
Name
of the Firm

ii)            
FRN
No.

iii)           
Constitution

iv)          
Date
of Registration of Partnership firm

v)           
Standing
of the Firm (No. of years)

vi)          
Address1,
Address 2, Address3

vii)         
Main
Office at

viii)        
Branch
Office, if any 1, 2, 3

ix)          
Contact
No. Land line , Mobile

x)           
Email

xi)          
RBI
Category

xii)         
No.
of CAs exclusively associated with the firm (Full time)

xiii)        
No.
of partners exclusively associated with the firm (full time) (out of (ii))

xiv)       
Professional
Staff

xv)        
Bank
Audit Experience (Type of Audit, Name of Bank, No. of years)

Audit Fee:

Scope of Concurrent
Audit / Areas to be covered:

a)           
Compliance
with RBI Guidelines / Guidelines of other regulatory agencies such as FEDAI
/IBA.

b)           
Compliance
with Income Recognition and Asset Classification (IRAC) norms (to verify whether
the classification of advances has been done as per stipulated guidelines).

c)           
Whether
any of the activities prohibited by RBI are undertaken; Whether Important RBI
guidelines issued from time to time in the field of advances, foreign exchange,
investments and other statutory requirements prescribed by RBI, are being
complied with.

d)           
Compliance
with guidelines/ground rules of agencies such as FEDAI/IBA. Verification of
various statements, returns prescribed by RBI.

e)           
Compliance
with provisions of Banking Regulation Act, 1949.

f)            
Compliance
with norms governed by Section20 in regard to granting loans/advances against
own shares etc.

g)           
Section
20A : Restrictions on power to remit debts.

h)           
Section
26 : Submission of returns of unclaimed deposits.

i)             
Section
340 : Production of documents of conditional nature to any other authority.

j)             
Section
452: Return of paid instruments to customers.

k)           
Banking
Companies (Nomination Rules) Section 45 ZC, 45 ZE and 45 ZF.

l)             
Any
other provision which may be identified by Banking Operations Department of RBI
for verification of compliance from time to time.

m)         
FOREX
/ Security Transaction: To verify all FOREX / Security Transactions undertaken
at the branches / dealing rooms. The Concurrent Auditor will have to verify
whether the transactions or decisions are within policy parameters laid down,
do not violate provisions of Exchange Control Manual / FERA 1973 and other RBI instructions and
they are within delegated authority.

n)           
Any
other guidelines / instructions issued from time to time from Govt. of India,
RBI, State Bank of India and/or any other Statutory Authorities.