Bank audit (concurrent)
This query is : Resolved
09 November 2013
How can i check out the revenue leakage on OD and CC limit that all controlled by CBS system
How can i check out the revenue leakage on OD and CC limit that all controlled by CBS system
09 November 2013
Dear Namit, though CBS system has been implemented in banks, you also know that system will work on the basis of the database fed by personnel in the system...
In banks there can be various kinds of schemes as per which the loan is sanctioned.. There will always be variation in various schemes as far as ROI, processing charges & other charges are concerned...
So first thing you have to verify is the category in which particular accounts is classified as per the sanction letter...
You can take few big accounts on test check basis to confirm the accuracy of the system and personnel feeding the data in system...
Confirm the amount of processing charges and rate of interest as per sanction letter... It is advisable to take out Interest report from system for few accounts and then compare the outcome of that interest report with that of actual amount charged...
Hope this information will be helpful to you..
Good luck for your Audit...
In banks there can be various kinds of schemes as per which the loan is sanctioned.. There will always be variation in various schemes as far as ROI, processing charges & other charges are concerned...
So first thing you have to verify is the category in which particular accounts is classified as per the sanction letter...
You can take few big accounts on test check basis to confirm the accuracy of the system and personnel feeding the data in system...
Confirm the amount of processing charges and rate of interest as per sanction letter... It is advisable to take out Interest report from system for few accounts and then compare the outcome of that interest report with that of actual amount charged...
Hope this information will be helpful to you..
Good luck for your Audit...
Message likes :
2 times
09 November 2013
nicely explained Shriram
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
