Empanelment

Indian Bank Empanelment of Concurrent/Stock Auditors for FY 2025-26 Last date 24/07/2025

indian bank concurrent audit

Indian Bank Empanelment of Concurrent and Stock Auditors for FY 2025-26

Indian Bank invites online applications from the practicing firms of Chartered Accountants of India, who are willing to have their firm empanelled as Concurrent Auditor & Stock Auditor in the bank.

Last date for applying online is 24/07/2025

Indian Bank-Empanelment of Concurrent/Stock Auditors

Link to apply online Indian Bank empanelment Click Here >>

On successful submission of application message with a Ref. No._____ will be sent to given mobile & mail ONLY.

Initial communication on assignment / letter will be sent to the above mail only, for any audit assignment allotted to any given branch of the auditor / firm, the receiver of the mail of the assignment is responsible to forward the mail to the concerned branch office of the firm under copy to the sender of the assignment.

Only one application under each audit for a particular RBIUCN (in case of Chartered Accountants) or New Registration No (in case of Cost Accountants) can be submitted.

Basic criteria for assigning for Concurrent Audits of the bank are normally as under:

Normally the following basic eligibility criteria should be kept in mind while selecting a firm for Concurrent Audit assignments:

(a)The applicant firm should be a Member of ICAI and should be either a partnership firm or proprietary firm having Chartered Accountant(s) as partner(s) / proprietor, duly empanelled with RBI.

(b)The firm should be selected from the RBI panel as per gradation suggested for Branch Statutory Auditor appointment.

(c) There should not be any disciplinary action pending against the firm by RBI. The name of the firm should not appear in the list of Third Party Entities (TPE) Caution list of IBA.

(d) Audit firms engaged by the Bank for audit work should have qualified Information System Auditor (CISA / DISA) with necessary exposure to systems audit since all Branches are fully computerized and IS audit should form an integral part of audit of Bank. Exceptions may be allowed in case of non-availability of CISA / DISA qualified persons.

(e) Weightage to be given to the firms where the partners themselves were ex-bankers or the firm has got tie-up with ex-bankers with requisite experience and exposure.

(f) Weightage to be given to a firm having exposure in conducting concurrent audit of the Bank branches for a few Public Sector / Major Private Sector Banks.

(g) The firm should have necessary office set up and adequate personnel to ensure proper deployment and timely completion of the assignments.

(h) In case of Proprietary firm, the sole proprietor of the firm is a full time practicing Chartered Accountants and not employed elsewhere and do not have any other business interest (Chartered Accountants in professional service and engaged in part-time teaching vocation, can be considered as in full time practice).

(i) The firm or their partners / proprietor have not been subjected to inquiries in the past for misconduct by the Institute of Chartered Accountants of India as per provision of Section 21 of the Chartered Accountants Act, 1949. Similarly, no such inquiries are pending initiated or contemplated by the Institute till date.

AO is under an obligation to assign reasons for rejecting explanation of the assessee

AO is under an obligation to duly consider the explanation furnished by the assessee and assign reasons for rejecting the…

2 hours ago

Excise/Custom

CBIC issues SoP for clearance of imported goods through Foreign Post Offices

CBIC issues SoP for clearance of imported goods through Foreign Post Offices under Postal Import Regulations, 2025. Standard Operating Procedure…

2 hours ago

civil-law

Sale deed executed with full knowledge of only part consideration paid, not void – SC

Sale deed executed with full knowledge of only part consideration paid, cannot be rendered void or inoperative merely for non…

10 hours ago

Income Tax

No fault in serving notice to last known address when PAN data was not updated – ITAT

No fault in serving notice u/s 148 to last known address when assessee had not updated change of address in…

12 hours ago

Income Tax

Investment by firm through capital introduced by partners cannot be treated as unexplained

Investment made by firm through capital introduced by partners cannot be treated as unexplained investment in the hands of the…

1 day ago

ICAI

Hosting of Multipurpose Empanelment Form (MEF) – 2026-27. Last date to apply : 29.08.2026

Multipurpose Empanelment Form (MEF)- 2026-27 is hosted - Last date for submission is 29.08.2026 ICAI has hosted the Multipurpose Empanelment…

2 days ago