Empanelment of CA Firm as Concurrent Auditor of Saurashtra Gramin Bank for FY 2024-25

Empanelment of CA Firm as Concurrent Auditor of Saurashtra Gramin Bank for FY 2024-25

Saurashtra Gramin Bank has invited RFP for Empanelment of Chartered Accountant Firm as Concurrent Auditor. Last date for submission of RFP is 26/02/2024

The Applicant is required to submit the details of its proposal in a sealed envelope. The envelope should be super scribed “For Empanelment of Concurrent Audit Firm” for the said Concurrent Audit Firm and should contain detailed statement giving the various particulars of the proposal covering aspects of the applicant like name and location, year of establishment, names of its partners, staff, their qualification, experience, registration number of the firm/ LLP, details of ICAI membership, Certificate of Practice details, methodology proposed and all other such relevant particulars in the prescribed format.

It is compulsory that CA firm’s Head Office or Branch office should be in the area of operation of the Bank i.e. in any of the 11 districts of Saurashtra region, otherwise application will be rejected

Applications must be delivered in an envelope clearly labeled with the following:
Empanelment of Concurrent Auditors
Application Date
Applicant’s Name
Mobile No.

Applications must be received at the following address before or up to 17.00 pm of 26.02.2024. Late applications will not be accepted under any circumstances. No special pleadings will be entertained. Fax or e-mail applications will not be accepted.:
General Manager, Saurashtra Gramin Bank,
Head Office, 1st floor, Wing – 2,
LIC Jeevan Prakash Building, Tagore Road,
Rajkot- 360 001, Gujarat

Eligibility criteria:

i. Applicant should be a member of the Institute of Chartered Accountants of India

ii. Chartered Accountants firms should have prescribed experience of bank audit work.

iii. The firm should have not been debarred by ICAI / RBI / Saurashtra Gramin Bank in the past.

iv. Firms having DISA / CISA qualified partners and concurrent audit work experience / other types of bank audit experience may be given preference.

v. Auditors should not have been disqualified under section 141 of the Companies Act, 2013 to accept this appointment.

vi. The firm’s Head/Branch office should be situated in the area of operation of the bank i.e. in any of the 11 districts of Saurashtra region. (So that senior partners may devote sufficient time to the branch.)

The eligible / interested firms have to send the hard copy of application duly filled in as per Annexure -I to the Bank.

Fee Structure:
Remuneration shall be fixed by bank as mentioned in Annexure III. The audit fee will be decided based upon the advances figure of the branch as on 31st march of previous financial year (e.g. for FY 2024-25 – figures of 31.03.2024 to be considered).

The concurrent auditor shall not be allowed to carry any mass storage device such as pen drive/ flash drive/ thumb drive or any lap top inside the branch premises as these devices will not be required for the job. Concurrent auditors shall be provided with computer system with disabled USB ports by the concerned branches.

Download Copy of Request for Proposal Click Here >>

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