This document summarizes the key issues of supervisory concern that were discussed at a Statutory Auditor's Workshop held in Kolkata on March 27, 2019. It covers various topics related to capital, assets, investments, advances, income recognition, asset classification, liquidity management, systems and controls, compliance, and the process for auditing and rating cooperatives. The document provides detailed guidance on the content and coverage that auditors should examine for each topic.
The document summarizes the key points from the Annual Bank Audit Conference organized by ICAI Madurai Chapter. It discusses definitions of banking and auditing. It outlines considerations for branch audits including regulatory requirements, increasing frauds, and technology changes. It describes the peculiarities of bank audits and auditing standards to be followed. It provides details on audit procedures for deposits, income/expenditure, advances including NPAs, balance sheet, and other areas. It discusses audit reporting and Long Form Audit Report (LFAR) submission.
The document provides an overview of risk-based internal audit (RBIA) in banks, with a focus on its application at the bank branch level. It discusses the key aspects of RBIA including understanding the approach and methodology, identifying vulnerable control areas, and assessing various types of risks like business, credit, operational, and compliance risks. The document outlines the scope of RBIA and provides illustrative examples of risk scoring methodologies. It also examines specific risk factors for credit functions and non-credit functions that auditors should consider. Key regulatory compliance aspects for auditors related to the Banking Regulation Act are highlighted as well.
Varsha Agarwalla has over 2.5 years of experience in audit and accounting roles. She has performed concurrent audits of treasury processes at State Bank of India and retail transactions at RBS Kolkata branch. She has also conducted internal audits of SBI Securities and ICICI Credit Middle Office Group. Her experience includes verifying accounting, examining expenses and TDS compliance, validating deals and reconciliations, and reviewing policies and regulatory guidelines. Prior to her audit roles, she worked as an article assistant preparing financial statements, tax filings and statutory audits for companies and individuals. She is a qualified CA with expertise in accounting software, financial modeling and analysis.
Paper on Strengthening Credit Culture and Monitoring Practices.pptxamkrisha
This document discusses strengthening credit culture and monitoring practices at banks. It defines credit culture as the unique system of policies, practices, and management attitudes that define acceptable lending behavior. Key elements of credit culture include policies and procedures, organizational structure, leadership, and human resources. The document also outlines various stages of credit monitoring from pre-sanction to post-disbursement. It identifies early warning signals of problematic borrowers such as low account turnover, frequent short-term loans, and declining sales. Strengthening credit culture and monitoring management are fundamental bank processes that benefit building a quality credit portfolio through proactively managing risks.
This document provides an overview of the finance cycle and related audit procedures. It defines the finance cycle as transactions related to obtaining loans and repaying obligations. Key accounts include loans, share capital, debentures, and provisions. The auditor tests for proper occurrence, valuation, completeness, and classification. Procedures include inspecting agreements and minutes, confirming terms, and tracing transactions. The document also discusses auditing estimates for provisions and contingent liabilities by evaluating management's process and assumptions.
1) Branch audits are still required for banks even with centralized systems like CBS, as branches handle important functions like loan documentation and verification, physical security of pledged assets, and exercise of delegated powers.
2) Not auditing 25% of bank branches would mean failing to verify transactions totaling Rs. 25 lakh crores, over 3 times the Indian government's annual budget receipts and 15 times the defense budget. This level of unaudited transactions cannot be considered immaterial.
3) International standards define a material amount as greater than 10% of the base, so the levels of unaudited advances, deposits, and other transactions at various PSU bank branches exceeds the threshold for materiality
The document summarizes the key points from the Annual Bank Audit Conference organized by ICAI Madurai Chapter. It discusses definitions of banking and auditing. It outlines considerations for branch audits including regulatory requirements, increasing frauds, and technology changes. It describes the peculiarities of bank audits and auditing standards to be followed. It provides details on audit procedures for deposits, income/expenditure, advances including NPAs, balance sheet, and other areas. It discusses audit reporting and Long Form Audit Report (LFAR) submission.
The document provides an overview of risk-based internal audit (RBIA) in banks, with a focus on its application at the bank branch level. It discusses the key aspects of RBIA including understanding the approach and methodology, identifying vulnerable control areas, and assessing various types of risks like business, credit, operational, and compliance risks. The document outlines the scope of RBIA and provides illustrative examples of risk scoring methodologies. It also examines specific risk factors for credit functions and non-credit functions that auditors should consider. Key regulatory compliance aspects for auditors related to the Banking Regulation Act are highlighted as well.
Varsha Agarwalla has over 2.5 years of experience in audit and accounting roles. She has performed concurrent audits of treasury processes at State Bank of India and retail transactions at RBS Kolkata branch. She has also conducted internal audits of SBI Securities and ICICI Credit Middle Office Group. Her experience includes verifying accounting, examining expenses and TDS compliance, validating deals and reconciliations, and reviewing policies and regulatory guidelines. Prior to her audit roles, she worked as an article assistant preparing financial statements, tax filings and statutory audits for companies and individuals. She is a qualified CA with expertise in accounting software, financial modeling and analysis.
Paper on Strengthening Credit Culture and Monitoring Practices.pptxamkrisha
This document discusses strengthening credit culture and monitoring practices at banks. It defines credit culture as the unique system of policies, practices, and management attitudes that define acceptable lending behavior. Key elements of credit culture include policies and procedures, organizational structure, leadership, and human resources. The document also outlines various stages of credit monitoring from pre-sanction to post-disbursement. It identifies early warning signals of problematic borrowers such as low account turnover, frequent short-term loans, and declining sales. Strengthening credit culture and monitoring management are fundamental bank processes that benefit building a quality credit portfolio through proactively managing risks.
This document provides an overview of the finance cycle and related audit procedures. It defines the finance cycle as transactions related to obtaining loans and repaying obligations. Key accounts include loans, share capital, debentures, and provisions. The auditor tests for proper occurrence, valuation, completeness, and classification. Procedures include inspecting agreements and minutes, confirming terms, and tracing transactions. The document also discusses auditing estimates for provisions and contingent liabilities by evaluating management's process and assumptions.
1) Branch audits are still required for banks even with centralized systems like CBS, as branches handle important functions like loan documentation and verification, physical security of pledged assets, and exercise of delegated powers.
2) Not auditing 25% of bank branches would mean failing to verify transactions totaling Rs. 25 lakh crores, over 3 times the Indian government's annual budget receipts and 15 times the defense budget. This level of unaudited transactions cannot be considered immaterial.
3) International standards define a material amount as greater than 10% of the base, so the levels of unaudited advances, deposits, and other transactions at various PSU bank branches exceeds the threshold for materiality
This document discusses bank deposits, including the types of deposits, factors that affect deposits, and measures to increase deposits. It also covers pricing deposits, "Know Your Customer" guidelines for opening accounts, deposit insurance, and non-deposit sources of funds for banks.
Shweta Bhatnagar is a banking professional with over 8 years of experience at HDFC Bank. She has experience in all areas of banking operations including retail banking, remittances, auditing, and customer service. She successfully transformed her role from a trainee to Deputy Manager, receiving awards for her work. She oversees day-to-day branch operations to ensure financial and regulatory compliance.
Aachal Amit Rane is seeking a position in finance with over 13 years of experience in accounting and internal auditing. He has extensive experience in accounts payable and receivable, statutory payments and filings, cash and bank reconciliation, and financial reporting. Most recently, he worked as a senior executive in accounts at Maharashtra Safe Chemist & Distributors Alliance Limited, where he managed vendor payments, cash deposits, VAT and TDS payments and filings, and assisted with financial statement preparation. Prior to that, he worked as a senior internal auditor and as an accountant. He has proficiency with SAP, Tally, and QuickBooks accounting software packages.
Watch full video on YouTube -
https://youtu.be/f3VgVOgAUoE
Credit management is the process of granting credit , setting the term its granted on, recovering this credit when its due and ensuring compliance with company credit policy.
The difference in the rate of interest that a bank charges on the amount lent and the rate it pays to the depositors is technically called spread or interest rate spread.
This spread bank has to use to meet all its overheads and interest on deposit but also provide for NPA.
Thank You For Watching
Subscribe to DevTech Finance
This presentation summarizes the major differences between Nepal Financial Reporting Standards and Nepal Rastra Bank (NRB) directives. The presentation was made on October 2015 to the CEO and Audit Committee members of commercial banks of Nepal in a joint program organized by central bank of Nepal and Institute of Chartered Accountants of Nepal.
The document discusses guidelines related to management and classification of non-performing assets (NPAs) for banks. It defines what constitutes an NPA and provides classifications such as sub-standard, doubtful, and loss assets. It specifies timelines for classifying assets under each category and provisioning requirements ranging from 10-100% depending on the classification. The document also discusses income recognition policies for NPAs and outlines the broad components that should be included in an NPA management policy for banks.
The document discusses audit planning and documentation from the perspective of a peer reviewer auditing a bank branch. It outlines basic challenges of remote auditing during COVID-19 like having proper technology and ensuring data security. It then details various auditing standards that must be followed regarding agreeing terms, documentation, laws and regulations, communication, risk assessment, materiality, evidence, confirmations, analytical procedures, sampling, going concern, representations, and reporting. The document concludes by outlining an illustrative communication from ICAI for initiating remote bank branch audits to ensure timely completion.
Standard operating procedures (SOPs) and internal inspections play an important role in preventing frauds. SOPs provide detailed, step-by-step instructions to ensure tasks are completed correctly and consistently. Areas susceptible to fraud are included in inspection questionnaires. Inspections also support investigations and exception reporting. Potential fraud areas discussed include non-compliance with SOPs, irregularities in sales and claims processes, policy servicing issues, and accounting errors. Adhering strictly to SOPs and conducting thorough inspections can help mitigate procedural lapses and reduce fraud.
The document discusses auditing investments and cash balances. It covers auditing objectives for investments including occurrence, completeness, accuracy, cutoff, and classification of transactions. It also discusses common investment documents and records, internal controls over investment functions, and substantive audit tests for investments including analytical procedures and tests of transactions. For cash balances, it discusses the relationship to transaction cycles, cash budgeting, and substantive audit tests including cutoff tests, bank reconciliations, and confirmation procedures.
The document summarizes proposed changes to accounting standards for impairment of financial assets by the FASB and IASB. The changes will require companies to estimate expected credit losses over the lifetime of in-scope financial assets from the origination date, replacing the previous "incurred loss" model. This will impact many areas of companies including credit loss modeling, accounting, reporting processes and controls, data and infrastructure. The document outlines key questions companies should consider to assess readiness and plan implementation of the new standards.
Whereas, Commercial Bank of Ethiopia (CBE) has changed its strategic direction to customer centricity with the aim of making saving and credit products more customer centric based on customer value propositions;
WHEREAS, it has become necessary to improve customer experience by digitizing retail and micro business segment through Micro saving and loan products;
WHEREAS, it is necessary to set eligibility requirements, terms and conditions of saving and credit products and services to the retail and micro business segment in view of risk involved and customer’s demand;
WHEREAS, retail and micro business segments are viable and growing segments to be leveraged by the bank through designed products and services that can satisfy the segment’s demand;
WHEREAS, Commercial bank of Ethiopia intends to diversify its credit portfolio mix in terms of tenure through expanding the short-term financing to be availed to retail and micro business segments;
WHEREAS, it is necessary to attract the underserved segment of the society and enhance financial inclusion with low-cost financial services availed through mobile money platform;
NOW, therefore, this procedure is issued to enable implementation of bank’s DMSL policy.
1.2. Short Title
This procedure may be cited as” Digital Micro Saving And Loan Procedure of the Commercial Bank of Ethiopia.”
1.3. Definition of terms
“Credit policy” means a general framework approved by the board that spells out and guides the bank’s credit/financing strategic directions and credit /financing decisions.
“Credit Scoring” means judging/evaluating the creditworthiness of a customer based on basic characteristics and past performance in credit and other relationships with Bank.
“Digital Micro Credit” means micro loans that are requested, received and repaid all through mobile phones (or any other appropriate tools) via interaction with a computer system.
“Digital MSL Policy” means a policy document that governs the management of digital micro saving and credit services.
“Fixed Account” means a saving account locked for a certain period, a minimum of three months, based on the preference of the customers to fulfil their designated plan.
“Lending officials” means any person involved in MSL business of customer acquisition, Credit Worthiness evaluation, Credit operation, Collection, monitoring and decision-making as well as write off and post write off follow up process.
“Loan Pricing” means setting the interest rate, fees, commission, and others to be charged by the Bank on loans, advances, and guarantees extended to customers.
“Retail and Micro Business Segment” means a category of customers having less investible asset, trading transaction and return from business.
“Micro loan” means a small amount of loan availed to micro businesses and individuals for the purpose of supporting businesses and consumption.
“Micro Saving” means a saving scheme designed for small deposits from micro businesses and low income individ
Bovill - the UK financial services regulatory consultancy - runs regular briefings. These are the slides from the July briefing on the FCA changes to the rules on holding client money and assets. For more information visit www.bovill.com.
Further information on the event is below:
For a long time there have been grey areas in the FCA’s client money and assets rules making it hard for firms to know where they stand.
The new CASS rules, announced on 10th June, aim to clarify these grey areas, and Bovill’s briefing helps bring them into sharper focus.
The changes are not fundamental in nature, but they add an important level of detail in areas where firms have been in breach in the past. The revised rules, to be brought in over the next year, will affect all firms that hold client money or assets, including loan-based crowdfunding firms.
Bovill’s July briefing provides:
• A commentary on the most significant rule changes
• Practical guidance on what these will mean for firms.
This briefing is relevant for all compliance officers of firms holding client money and/or assets, CF10as and senior management with oversight of key client money and asset processes.
The Credit Process: A Guide For Small Business OwnersAli Mohammed
This Power Point is talking about The Credit Process as guide for Small Business Owners containing
=Methodology
=Major deliverables
=5 C’s of Credit
=Credit Risk Management
=Management Approvals
=Future work processes
=Future Procedures Overview
=Information system support
=Functions of Credit Control Group & Marketing Division
=Way forward
The document discusses non-performing assets (NPAs) in the Indian banking system. It defines NPAs and outlines the different categories of assets based on their performance - standard, sub-standard, doubtful, and loss assets. Gross and net NPAs are also defined. The rise of NPAs can be attributed to both internal and external factors. Banks employ both preventive and curative strategies to manage their NPAs, such as restructuring loans, pursuing debt recovery, and using asset reconstruction companies. Tables show trends in NPAs for public sector banks, private banks, and all scheduled commercial banks from 2006-2007 to 2010-2011.
This document discusses capital adequacy ratio (CAR) and non-performing assets (NPAs). It defines CAR as a ratio of a bank's capital to its risk-weighted assets that regulators use to ensure banks can absorb losses. It discusses the types of capital (Tier I and Tier II), risk weights, and implications of not meeting CAR norms. Methods to improve CAR include mergers, better asset management, improved NPA recovery, recapitalization, and raising funds. NPAs are defined as loans overdue over 90-180 days. Factors contributing to NPAs include political interference, willful defaults, targeted lending, lack of monitoring, and hiding NPAs.
This document contains a job description for a Sr Accounts Executive position in Chennai, India. The role involves credit control and receivables management. Key responsibilities include monitoring customer exposure and past dues, validating purchase orders, ensuring compliance with credit policies, sending collection notices, reconciling accounts receivable balances, and facilitating the achievement of collection targets through customer communication. The candidate should have experience in credit control, reconciliation, indirect taxation, MIS, claims processing, budget control, and inventory management.
This document contains a job description for a Sr Accounts Executive position in Chennai, India. The role involves credit control and receivables management. Key responsibilities include monitoring customer exposure and past dues, validating purchase orders, ensuring compliance with credit policies, sending collection notices, reconciling accounts receivable balances, and facilitating achievement of collection targets through customer communication. The candidate should have experience in credit control, reconciliation, indirect taxation, MIS, claims processing, budget control, and inventory management.
This document discusses various types of loans and credit facilities provided by banks including working capital loans, term loans, retail loans, export finance, bill discounting, bank guarantees, and letters of credit. It also describes the processes of credit analysis, appraisal, and risk assessment that banks undertake to evaluate loan applications and make lending decisions. This includes analyzing the market, management, technical, and financial aspects of a business or project and assessing the creditworthiness, repayment capacity, and risk level to minimize potential loan defaults.
This document discusses bank deposits, including the types of deposits, factors that affect deposits, and measures to increase deposits. It also covers pricing deposits, "Know Your Customer" guidelines for opening accounts, deposit insurance, and non-deposit sources of funds for banks.
Shweta Bhatnagar is a banking professional with over 8 years of experience at HDFC Bank. She has experience in all areas of banking operations including retail banking, remittances, auditing, and customer service. She successfully transformed her role from a trainee to Deputy Manager, receiving awards for her work. She oversees day-to-day branch operations to ensure financial and regulatory compliance.
Aachal Amit Rane is seeking a position in finance with over 13 years of experience in accounting and internal auditing. He has extensive experience in accounts payable and receivable, statutory payments and filings, cash and bank reconciliation, and financial reporting. Most recently, he worked as a senior executive in accounts at Maharashtra Safe Chemist & Distributors Alliance Limited, where he managed vendor payments, cash deposits, VAT and TDS payments and filings, and assisted with financial statement preparation. Prior to that, he worked as a senior internal auditor and as an accountant. He has proficiency with SAP, Tally, and QuickBooks accounting software packages.
Watch full video on YouTube -
https://youtu.be/f3VgVOgAUoE
Credit management is the process of granting credit , setting the term its granted on, recovering this credit when its due and ensuring compliance with company credit policy.
The difference in the rate of interest that a bank charges on the amount lent and the rate it pays to the depositors is technically called spread or interest rate spread.
This spread bank has to use to meet all its overheads and interest on deposit but also provide for NPA.
Thank You For Watching
Subscribe to DevTech Finance
This presentation summarizes the major differences between Nepal Financial Reporting Standards and Nepal Rastra Bank (NRB) directives. The presentation was made on October 2015 to the CEO and Audit Committee members of commercial banks of Nepal in a joint program organized by central bank of Nepal and Institute of Chartered Accountants of Nepal.
The document discusses guidelines related to management and classification of non-performing assets (NPAs) for banks. It defines what constitutes an NPA and provides classifications such as sub-standard, doubtful, and loss assets. It specifies timelines for classifying assets under each category and provisioning requirements ranging from 10-100% depending on the classification. The document also discusses income recognition policies for NPAs and outlines the broad components that should be included in an NPA management policy for banks.
The document discusses audit planning and documentation from the perspective of a peer reviewer auditing a bank branch. It outlines basic challenges of remote auditing during COVID-19 like having proper technology and ensuring data security. It then details various auditing standards that must be followed regarding agreeing terms, documentation, laws and regulations, communication, risk assessment, materiality, evidence, confirmations, analytical procedures, sampling, going concern, representations, and reporting. The document concludes by outlining an illustrative communication from ICAI for initiating remote bank branch audits to ensure timely completion.
Standard operating procedures (SOPs) and internal inspections play an important role in preventing frauds. SOPs provide detailed, step-by-step instructions to ensure tasks are completed correctly and consistently. Areas susceptible to fraud are included in inspection questionnaires. Inspections also support investigations and exception reporting. Potential fraud areas discussed include non-compliance with SOPs, irregularities in sales and claims processes, policy servicing issues, and accounting errors. Adhering strictly to SOPs and conducting thorough inspections can help mitigate procedural lapses and reduce fraud.
The document discusses auditing investments and cash balances. It covers auditing objectives for investments including occurrence, completeness, accuracy, cutoff, and classification of transactions. It also discusses common investment documents and records, internal controls over investment functions, and substantive audit tests for investments including analytical procedures and tests of transactions. For cash balances, it discusses the relationship to transaction cycles, cash budgeting, and substantive audit tests including cutoff tests, bank reconciliations, and confirmation procedures.
The document summarizes proposed changes to accounting standards for impairment of financial assets by the FASB and IASB. The changes will require companies to estimate expected credit losses over the lifetime of in-scope financial assets from the origination date, replacing the previous "incurred loss" model. This will impact many areas of companies including credit loss modeling, accounting, reporting processes and controls, data and infrastructure. The document outlines key questions companies should consider to assess readiness and plan implementation of the new standards.
Whereas, Commercial Bank of Ethiopia (CBE) has changed its strategic direction to customer centricity with the aim of making saving and credit products more customer centric based on customer value propositions;
WHEREAS, it has become necessary to improve customer experience by digitizing retail and micro business segment through Micro saving and loan products;
WHEREAS, it is necessary to set eligibility requirements, terms and conditions of saving and credit products and services to the retail and micro business segment in view of risk involved and customer’s demand;
WHEREAS, retail and micro business segments are viable and growing segments to be leveraged by the bank through designed products and services that can satisfy the segment’s demand;
WHEREAS, Commercial bank of Ethiopia intends to diversify its credit portfolio mix in terms of tenure through expanding the short-term financing to be availed to retail and micro business segments;
WHEREAS, it is necessary to attract the underserved segment of the society and enhance financial inclusion with low-cost financial services availed through mobile money platform;
NOW, therefore, this procedure is issued to enable implementation of bank’s DMSL policy.
1.2. Short Title
This procedure may be cited as” Digital Micro Saving And Loan Procedure of the Commercial Bank of Ethiopia.”
1.3. Definition of terms
“Credit policy” means a general framework approved by the board that spells out and guides the bank’s credit/financing strategic directions and credit /financing decisions.
“Credit Scoring” means judging/evaluating the creditworthiness of a customer based on basic characteristics and past performance in credit and other relationships with Bank.
“Digital Micro Credit” means micro loans that are requested, received and repaid all through mobile phones (or any other appropriate tools) via interaction with a computer system.
“Digital MSL Policy” means a policy document that governs the management of digital micro saving and credit services.
“Fixed Account” means a saving account locked for a certain period, a minimum of three months, based on the preference of the customers to fulfil their designated plan.
“Lending officials” means any person involved in MSL business of customer acquisition, Credit Worthiness evaluation, Credit operation, Collection, monitoring and decision-making as well as write off and post write off follow up process.
“Loan Pricing” means setting the interest rate, fees, commission, and others to be charged by the Bank on loans, advances, and guarantees extended to customers.
“Retail and Micro Business Segment” means a category of customers having less investible asset, trading transaction and return from business.
“Micro loan” means a small amount of loan availed to micro businesses and individuals for the purpose of supporting businesses and consumption.
“Micro Saving” means a saving scheme designed for small deposits from micro businesses and low income individ
Bovill - the UK financial services regulatory consultancy - runs regular briefings. These are the slides from the July briefing on the FCA changes to the rules on holding client money and assets. For more information visit www.bovill.com.
Further information on the event is below:
For a long time there have been grey areas in the FCA’s client money and assets rules making it hard for firms to know where they stand.
The new CASS rules, announced on 10th June, aim to clarify these grey areas, and Bovill’s briefing helps bring them into sharper focus.
The changes are not fundamental in nature, but they add an important level of detail in areas where firms have been in breach in the past. The revised rules, to be brought in over the next year, will affect all firms that hold client money or assets, including loan-based crowdfunding firms.
Bovill’s July briefing provides:
• A commentary on the most significant rule changes
• Practical guidance on what these will mean for firms.
This briefing is relevant for all compliance officers of firms holding client money and/or assets, CF10as and senior management with oversight of key client money and asset processes.
The Credit Process: A Guide For Small Business OwnersAli Mohammed
This Power Point is talking about The Credit Process as guide for Small Business Owners containing
=Methodology
=Major deliverables
=5 C’s of Credit
=Credit Risk Management
=Management Approvals
=Future work processes
=Future Procedures Overview
=Information system support
=Functions of Credit Control Group & Marketing Division
=Way forward
The document discusses non-performing assets (NPAs) in the Indian banking system. It defines NPAs and outlines the different categories of assets based on their performance - standard, sub-standard, doubtful, and loss assets. Gross and net NPAs are also defined. The rise of NPAs can be attributed to both internal and external factors. Banks employ both preventive and curative strategies to manage their NPAs, such as restructuring loans, pursuing debt recovery, and using asset reconstruction companies. Tables show trends in NPAs for public sector banks, private banks, and all scheduled commercial banks from 2006-2007 to 2010-2011.
This document discusses capital adequacy ratio (CAR) and non-performing assets (NPAs). It defines CAR as a ratio of a bank's capital to its risk-weighted assets that regulators use to ensure banks can absorb losses. It discusses the types of capital (Tier I and Tier II), risk weights, and implications of not meeting CAR norms. Methods to improve CAR include mergers, better asset management, improved NPA recovery, recapitalization, and raising funds. NPAs are defined as loans overdue over 90-180 days. Factors contributing to NPAs include political interference, willful defaults, targeted lending, lack of monitoring, and hiding NPAs.
This document contains a job description for a Sr Accounts Executive position in Chennai, India. The role involves credit control and receivables management. Key responsibilities include monitoring customer exposure and past dues, validating purchase orders, ensuring compliance with credit policies, sending collection notices, reconciling accounts receivable balances, and facilitating the achievement of collection targets through customer communication. The candidate should have experience in credit control, reconciliation, indirect taxation, MIS, claims processing, budget control, and inventory management.
This document contains a job description for a Sr Accounts Executive position in Chennai, India. The role involves credit control and receivables management. Key responsibilities include monitoring customer exposure and past dues, validating purchase orders, ensuring compliance with credit policies, sending collection notices, reconciling accounts receivable balances, and facilitating achievement of collection targets through customer communication. The candidate should have experience in credit control, reconciliation, indirect taxation, MIS, claims processing, budget control, and inventory management.
This document discusses various types of loans and credit facilities provided by banks including working capital loans, term loans, retail loans, export finance, bill discounting, bank guarantees, and letters of credit. It also describes the processes of credit analysis, appraisal, and risk assessment that banks undertake to evaluate loan applications and make lending decisions. This includes analyzing the market, management, technical, and financial aspects of a business or project and assessing the creditworthiness, repayment capacity, and risk level to minimize potential loan defaults.
Temple of Asclepius in Thrace. Excavation resultsKrassimira Luka
The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
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Slideshare: http://www.slideshare.net/PECBCERTIFICATION
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
Communicating effectively and consistently with students can help them feel at ease during their learning experience and provide the instructor with a communication trail to track the course's progress. This workshop will take you through constructing an engaging course container to facilitate effective communication.
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
2. Issues of Supervisory Concern
Content and coverage
CAPITAL • Share capital from societies, individuals and Govt.;
• Share-linking to borrowing by societies/borrowers.
• Arrears in share collection from affiliated inst./individuals
ASSETS CASH • Cash balance at branches, adherence to cash retention limits,
• joint custody of cash, periodic verification
BANK
BALANCES
• Reconciliation of Balances with Banks on monthly basis.
• Details of transactions unresponded /unadjusted (year wise).
• Provision required for long pending unreconciled portion.
INVESTME
NT
• BoD approved Investment policy, Investment Committee,
• ALM, Assessment of Surplus funds, Purchase/sale of securities
• verification/reconciliation, reporting, review
• Valuation profit/loss and changes in mode of valuation
• shortfall and provision made.
• RBI/NABARD guidelines for SLR/Non-SLR invest. followed.
3. Issues of Supervisory Concern
Content and coverage
ADVANCE CREDIT
APPRAISAL,
SANCTION
DISBURSEMENT
DOCUMENTATION
REVIEW
MONITOR
SUPERVISION
•Loan policy and System of appraisal of credit proposals.
•System of receipt and disposal of loan applications,
•Delegation of powers at various levels and adherence.
•Whether disbursements complying terms of sanction,
•Exposure limits to individuals, sectors
• Review/ Renewal/Enhancement of advances.
• Enforceability of documents, Time barred documents.
• Maintenance of document register
•Crop Loan, Insurance, Subvention, RoI, ‘RuPay’,
• Stock/Book Debt stat., Balance sheet, scrutiny.
•physical verification of stocks/ securities. Insurance.
• Identification and classification of NPAs.
• Gold Loan- Quantum (2.0lakh), Repayment (12month)
• Loan to Value (LTV) Ratio of 75%, Bullet Repayment.
4. Issues of Supervisory Concern
Content and coverage
Application
of Prudential
Norms
•The auditors must issue a certificate to the effect that the
implementation the prudential norms is satisfactory or
otherwise and, shortcomings, if any, be duly listed out.
Income
Recognition
•Whether the bank recognized income as per instructions in vogue.
•The procedure followed by bank for accounting derecognised income.
•The total amount of income derecognised (cumulative)
• The amount of derecognised income recovered during the year
Asset
Classification
• NPA management strategy of the bank
• Account wise security details maintained
• Whether Assets classification & provisioning norms complied with.
• If not, the divergence observed and extent of provisions required.
• Extent of NPAs, Provision required and actually provided by bank.
• Write-offs and appropriateness of authority thereto,
• Recovery procedure, including that relating to suit-filed, decree a/c.
5. Issues of Supervisory Concern
Content and coverage
OTHER
ASSETS
•Detail of old outstanding entries in Suspense a/c & reasons
• Unrecoverable balances in various heads to be provided or write off.
•Whether non-banking assets beyond specified period, and reasons.
•Interest Subvention amount receivable from GoI through NABARD -
“Interest subvention receivable from GoI” - Zero % risk for CRAR.
NON FUND
BUSINESS
•Policy, income, service charges on lockers, safe deposit vaults,
•Letter of Credit (LCs), Guarantees issued etc, whether routed through CBS
•All Off Balance Sheet items need complete integration with CBS.
IMBALANCE • No. of PACS with Quantum of imbalances, Reasons and likely impact.
Compliance • Functioning of Audit/ Investment/ Loan/Risk Committee of Board
• Compliance to Audit Report/ NABARD IR, timeliness,. Quality.
• Compliance to B.R. Act’ 1949 (AACS),RBI Act, WBCS Act, bye-laws.
• Compliance to Income Tax Act and other laws in force
Audit of
Computerised
• Efficacy of CBS, Disaster management, Instruction Manual.
• Migration Audit / Information System Audit
6. Issues of Supervisory Concern
Content and coverage
Management
Appraisal
Functioning
of Elected
Board and
Functioning
of CEO
• Composition, Committees, oversight, corporate governance,
•No. of meetings, issues discussed, defaulting Directors, if any,
• violations of bye-laws, etc.
•Implementation of policies issued by GoI/RBI/NABARD.
Earning
Appraisal
• Analysis of items of income and expenditure with imp. ratios.
• Comment on Revenue loss, due to inappropriate interest rates.
• OD interest taken to P&L A/C and corresponding prov. made.
• Extent of overdue interest out of the interest receivable.
• Comment on written back excess provision, if any, to P&L A/C.
• Comment on prov. for NP Loans and erosion in other assets.
• Comment on net profit as per provisions of B.R Act/WBCS Act.
• Comment on operating profit & extent it covers provision reqd.
• Comment on Transfer Price Mechanism/ Profit of branches.
7. Issues of Supervisory Concern
Content and coverage
Liquidity
Management
Cash •Cash balance , adherence to cash retention limit,
•Insurance and adequacy for cash-in-transit/ATMs.
•Joint custody of cash, periodic verification of cash.
SLR/ CRR •System of compiling Demand and Time Liability (DTL)
•System of ensuring compliance, defaults, review by Board.
•Violations in maintenance of CRR/SLR, details and reasons.
Repayment
of
Borrowings
•Comment on ‘Maximum Borrowing Power’,
•Borrowings availed, cost of borrowings,
•Default in repayment, maintenance of Due Date Register.
Deposits • Comment on inoperative/unclaimed a/c, violations.
• KYC Policy, Risk Categorisation of customers, CTR/STR.
•Compliance to Anti Money Laundering (AML) guidelines.
• Assessable deposits and timely premium to DICGCI.
• Comment on composition, growth and new deposit schemes.
8. Issues of Supervisory Concern
Content and coverage
Systems
and
Control
•Manual on accounts– their conformity with Accounting
Standards; Compliance to disclosure norms
House-
keeping
• System of balancing of General Ledger and subsidiary records,
• Whether the bank or auditor has finalised the accounts.
• Balancing of draft payble, DD paid without Advice, Bills payable.
• Periodic Physical verification and uploading of security forms
(Cheque Books, FDRs, DD, MT, etc.) and follow up action.
Inter–branch
Reconciliation
Transitional
accounts
• Continuity of transactions in inter-branch /HO accounts
• Position of outstanding entries; system for locating long
outstanding items of high value
• Steps taken for bringing the reconciliation up-to-date.
• Comments on the system/procedure and records maintained.
• Procedure for remittance of funds, DD, NEFT, RTGS, etc.
9. Issues of Supervisory Concern
Content and coverage
Systems
and
Controls
Suspense/Sundry •Long pendency, reasons; provision required if, any.
Branch Audit/
Inspections /
Concurrent Audit
• Frequency; scope / coverage of branch inspection;
• System of internal/concurrent audit and compliance.
• Monitoring / auditors observations on exceptions reports
Management
Information
System (MIS)
• Comment on accuracy ant timeliness of OSS in ENSURE
• Comment on Online submission of returns to RBI
• Other Management Decisions, Portfolio analysis, Br.Control.
Fraud prevention,
Monitoring and
Control
• Observations on frauds, misappropriations, thefts, robberies,
Modus operandi, action taken, FIR, internal enquiry, recovery
efforts, Provision made, review, Reporting NABARD/RBI.
• Preventive measures to avoid recurrence of frauds, etc
Risk Management
System
• Comment on risk Profile of the bank viz.
Liquidity/credit/exposure interest rate /operational risk
Comment on identifying, managing and mitigating risks
Asset Liability
Management
• Comment on the ALM mechanism in place by the bank.
• Comment on the functioning of ALCO Committee.
10. Issues of Supervisory Concern
Content and coverage
Depositor
Education
and
Awareness
Fund
(DEAF)
• Form I- To submit on the date of transferring the amount to the Fund
• FORM II- A monthly return for the total amount transferred to the Fund.
• Form III - claim for refund from the Fund, after paying to customer
whose unclaimed amount was transferred to Fund
• Form IV - monthly for claims made by 15th of the succeeding month.
• Form V- outstanding at the calendar year end (within thirty days). The
Statutory Auditors need to comment in LFAR
• Whether the bank had registered under DEAF module in ‘E Kuber’;
• system for identifying unclaimed Deposits;
• Transfer of unclaimed deposit to DEAF and Submission of various returns;
• Audit of records by bank and submission of reconciliation certificate;
• customer complaints; refund to depositors. Uploading details in website.
Dividends • No Accumulated Loss, No default in CRR/SLR, No shortfall in Provision
• Net NPA less than 5% of net Loans outstanding
• Dividend Pay out Ratio not to exceed 20% of Net Profit during the year.
11. Audit vis-a-vis Supervisory rating
Audit Rating Parameters Marks Reasons for variation from
Supervisory Rating
CAPITAL ADEQUACY 15 Un-provided for liabilities and short
provisions
Net Worth % to Total Assets 5
CRAR > 9% 10
ASSET QUALITY 15 Divergence in Asset Classification
Gross NPA % Loan O/S 10
Prov. Made % to Prov. Reqd. 5
EARNINGS 10 Net Profit different due to short Prov. +
Unprovided liabilities.
Operating Profit 5
Operating Profit >Prov. reqd. 5
12. Audit vis-a-vis Supervisory rating…contd. 2
Audit Rating Parameters Marks Reasons for variation from
Supervisory Rating
MANAGEMENT 10 Elected BoD, complying “Fit & Proper” norm;
Functioning of minimum 5 committees (ALCO,
Loan, Investment, Risk, Fraud prevention);
Agenda & Discussion; Effectiveness of Board.
Board/ Leadership 2
CEO 2 Confirming to “Fit & Proper” criteria;
Review of business/branch, profitability, etc.
Compliance with regulatory requirements
Second Line of Management 2 Officers in departments with adequate
knowledge and proper succession plan
Organisation, Job description 1 Defined set up, Job described & monitored
Recruitment Policy 1 Defined policy for recruitment
Training 1 Trg. Policy, trg. need assessed, trg. imparted
Rotation of Staff duty 1 Transfer policy, rotation of duty
13. Audit vis -a- vis Supervisory rating…contd. 3
Audit Rating Parameters Marks Reasons for variation from
Supervisory Rating
LIQUIDITY 15
Maintenance of CRR/SLR 5 Violation in Maintenance of CRR/SLR
Repayment of Borrowings 2 No default in repayment of borrowings
Functioning of ALCO/ALM 2 Implementation of ALM, ALCO meetings and
Deposit Management 2 Deposit growth, I D ratio, Pricing
Investment Management 2 Investment Policy, quality/Quantum of invest.
Deposit Insurance 1 Assessable deposit and premium payment
Cash Management 1 Excess Cash and current account balance
14. Audit vis-a-vis Supervisory rating…contd. 4
Audit Rating Parameters Marks Reasons for variation with
Supervisory Rating
System and Control 20
Internal Inspection and Audit 2 Internal/Concurrent, Migration/ IS Audit
Audit Committee of Board 2 Formation, meeting, areas covered
Loans and Advance Policies 3 Defined policy, appraisal, monitoring, doc.
CMA 1 Violation of exposure norm
Accounting Procedure 2 Accts, finance Statement in 3 months.
House keeping 2 Reconciliation of interbank/branch
Risk Management Systems 3 Risk mgmt./Fraud prevent/ Grievance
Comm., Risk identify/measure/mitigation
Computerisation & CBS 5 Effective MIS
15. Audit vis-a-vis Supervisory rating…contd. 5
Audit Rating Parameters Marks Reasons for variation from
Supervisory Rating
Compliance 15
Compliance to KYC/AML 3 policy, guidelines implemented, Risk
rating of customer, Returns to FIU-IND.
Compliance of Audit Report 3 Audit report with qualifying remarks,
rectification of defects, compliance
Compliance on NABARD IR 3 Major observations rectified
Submission of RBI Returns 2 Timeliness, accuracy of online returns
Submission of OSS returns 2 Timeliness, accuracy in ‘ENSURE’
Monitorable Action Plan 2 MAP for sustainable CRAR