RBI ordered special audits | RBI special audits of Bank of Rajasthan | RBI Audits for Bank of Rajasthan

RBI ordered special audits | RBI special audits of Bank of Rajasthan | RBI Audits for Bank of Rajasthan


RBI Audits | RBI Special Audits | RBI orders special audit of Bank of Rajasthan | RBI Bank of rajastan

The Reserve Bank of India (RBI) has ordered a special audit of the accounts of Bank of Rajasthan (BoR) following investigations into
irregular dealings by the private sector bank.

The regulator has appointed Deloitte Haskins & Sells to audit the bank’s lending policy among other things while the parent accounting and consulting firm Deloitte Touche Tohmatsu has been hired to audit the information security system of the bank.

Special audits are rare and directed by RBI only under exceptional circumstances.

A week ago, BoR made news after RBI imposed a Rs 25-lakh fine on the bank following a string of violations. RBI pulled up the bank following violations in property transactions, anti-money laundering norms, irregularities in the conduct of accounts of a corporate group and failure to provide certain documents sought by RBI.,.......For more Click here

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