Sba 2013

Page no : 3

CA.D.RAGAVAN (CHARTERED ACCOUNTANTS) (219 Points)
Replied 11 March 2013

Dear All,

One of Our Collegue gor Appointment Letter from Union Bank of India. He is alloted 2 Branches in Kerala. The Advance Portfolio of the Branch Allotted are One Branch Rs. 4.50 Crores and Another Branch Little over Rs.6.00 Crores. What happened to the Limit of Rs.20.00 Crores?

atrinandan angle (CHARTERED ACCOUNTANT) (114 Points)
Replied 11 March 2013

those branches might be subject to audit once in 3 years.

sathianarayanan.t (chartered accountant) (267 Points)
Replied 11 March 2013

Atleast he got 2 branches. Some thing is better than nothing. This is the present state of CAs.

C.A. P. HAREESH KUMAR (PRACTICE) (375 Points)
Replied 11 March 2013

Dear all

Let us not focus on our individual interest

If the member has been able to get allottment of branches with advances less than 20 cr it is a good news

I have the phone no of Union Bank Trivandrum circle 0471 2561120 . Any one please call and find out the correct position - I donot want to make repeated enquiries . Hence this requet

CA. N M Poptani ( CA) (49 Points)
Replied 11 March 2013

Pl let me know the position of Central Bank of India

C.A. P. HAREESH KUMAR (PRACTICE) (375 Points)
Replied 11 March 2013

NO IDEA SIR PL CHECK WITH THE HEAD OFFICE / REGIONAL OFFICE OF THE BANK

WISH YOU GOOD LUCK

1 Like

G GURUMOORTHI (PARTNER) (51 Points)
Replied 11 March 2013

Bank of Baroda have started allotment of branch audits

C.A. P. HAREESH KUMAR (PRACTICE) (375 Points)
Replied 12 March 2013

pl update all of us on the thershold limit ---whether all continuing auditors are getting allottment - No of branches allotted

kanagaraj (CHARTERED ACCOUNTANT) (793 Points)
Replied 12 March 2013

Dear all,

Is there any good news?

C.A. P. HAREESH KUMAR (PRACTICE) (375 Points)
Replied 12 March 2013

Let us all wait for the good news

anil (ca) (22 Points)
Replied 12 March 2013

Any body received allotment from Bank of Maharashtra ?

C.A. P. HAREESH KUMAR (PRACTICE) (375 Points)
Replied 13 March 2013

Mail from CA.Amresh Vashisht - Reproduced

In this year Bank Audit shall be as follows:-

1. All auditors who are with the banks from the last three years shall get Bank audit this year.

2. There are no criteria for categories this year. As a thumb rule, all auditors who have yet to complete their four year term shall get the branch allotments.

3. There is no chance for any category who have completed 4 year term with banks last year.

4. There will be no chance for any category next year those are completing their 4 year term this year. This will go for next two years and all bank audits shall be vanished with an exception of leaders.

5. This is India; you can use your influence to get the audit even after completing 4 year term with any of the Bank as the empanelment list is common to all the banksand provided your area don’t fall under cooling regime. Central auditors can still play an important role in securing the audits.

atrinandan angle (CHARTERED ACCOUNTANT) (114 Points)
Replied 13 March 2013

sir, what about the category 2 firm which have completed only one year with a bank

C.A. P. HAREESH KUMAR (PRACTICE) (375 Points)
Replied 13 March 2013

Sir As per the above mail category ii firms that completed only one year ( having 3 more years from now ) will be allotted audits in the year 2013 & 2014

This my inference based on the above mail which can be traced to CA SANSAR .

We all share your anguish Mr Atrinandan Angle