OSBI The Chief General Manager State Bank of India Local Head O' Lucknow aR we Ga STATE BANK OF INDIA Letter No: CAO/LKO/cAS/ 6 §2- Date 2 24/12/202: Io Dear Sir, CONCURRENT AUDIT SYSTEM, ia DETECTION OF INCOME LEAKAGE BY THE CONCURRENT AUDITOR AND Ri ee DETECTION OF INCOME LEAKAGE BY THE CONCURRENT AUDITOR AND RFI AUDITOR AT SCB MORADABAD, SCB BAREILLY AND SCB GORAKHPUR BRANCHES With reference to the above we have analyzed the amount of income leakage detected by the Concurrent Auditors and RFI Auditors at three Specialized Commercial Branches of the circle. We observe that huge amount of income leakage has been detected by the Concurrent Auditors and RFI Auditors. Details are as under: Name of the Branch | AMOUNT OF INCOME LEAKAGE | LAST RFIA DATE | INCOME LEAKAGE AMOUNT DETECTED BY CONCURRENT DETECTED BY RFi AUDITOR AUDITOR FROM 01.08.21 70 DURING LAST RFI AUDIT 23.12.21 Specialized Commercial Branch Moradabad 2,43,15,734.00 30/09/2021 78,53,725.00 (a113) | ‘Specialized Commercial 7 Branch Gorakhpur 93,88,331.00 25/06/2021 25,19,637.00 (27640) Specialized Commercial _ Branch, Bareilly (17644) 64,45,002.00 12/01/2021 36,79,999.00 «From analysis of income leakage amount detected by the Concurrent Auditors and RFI Auditors, it appears that Branches are not booking income for the services rendered on a real time basis. We request you to please instruct the Branches and their Controllers to book income for different kind of services provided from our Bank in time. Youfs faithfully, 4 4 General Ménager (1A) gevenkshl 8a sider area, HET Circle Audit Offce, Lucknow SP 8853 Shs0um-cr0en ese siber crate, adit Off