Pooja Yadav Full Sip Project Roll No. 84

A PROJECT REPORT
ON
[“A STUDY ON BANK AUDIT OF BANK OF MAHARASHTRA

WITH SPECIAL REFERENCE TO V.L TIKMANI & ASSOCIATES”]
Submitted in Partial Fulfillment for the award of the Degree
MASTERS OF MANAGEMENT STUDIES
[FINANCE]
Under University of Mumbai
SUBMITTED BY
[POOJA SHRIKANT YADAV]
ROLL NO. MS2122084
Under the Guidance of
PROJECT GUIDE
[Prof. TEJASWI BHOSALE ]
Batch 2021-2022
INSTITUTE OF MANAGEMENT & COMPUTER STUDIES
THANE (W)
1
DECLARATION
I , POOJA SHRIKANT YADAV the student of MMS Semester IV, Batch (2021-
23) hereby declare that this Project Report submitted by me to the ASM’s
Institute Of Management & Computer Studies, (IMCOST),Thane.
Is a bonafied work undertaken by me and it is not submitted to any other

University or Institution for the award of any degree/diploma certificate or
published any time before.
Name of the Students : POOJA SHRIKANT YADAV
Roll Number : MS2122084
Signature of the Student :
2
Company Certificate (On Companies Letter Head)
This is to certify that project titled A STUDY ON BANK AUDIT OF
BANK OF MAHARASHTRA WITH SPECIAL REFERENCE TO V.L

TIKMANI & ASSOCIATES . Is successfully completed by
Mr. POOJA SHRIKANT YADAV
During the Semester III, in partial fulfillment of the Masters Degree in

Management Studies (MMS) Semester IV, Batch (2021-2023) recognized by
the University of Mumbai for the A. Y. 2023-2024 through ASM’s Institute
Of Management & Computer Studies, (IMCOST),Thane.
This project work is original and not submitted earlier for the award of any
degree or any associate ship of any other University/ Institution.
Name of the Organizations Representative :
Prof. TEJASWI BHOSALE

Name of the Student : POOJA SHRIKANT YADAV
Roll Number : MS2122084
Date: Signature of the Guide
3
CERTIFICATE
(On College Letter Head)
This is to certify that project titled A STUDY ON BANK AUDIT OF
BANK OF MAHARASHTRA WITH SPECIAL REFERENCE TO V.L

TIKMANI & ASSOCIATES POOJA SHRIKANT YADAV of MMS (Masters
of Management Studies) Semester IV, Batch (2021-2023) has successfully
completed the Project under the guidance of
Prof. TEJASWI BHOSALE
Date:
Place:
Director
Project Guide / External

Internal Examiner Examiner
Institute Seal
4
ACKNOWLEDGEMENT
I take this opportunity to express my gratitude and extend my thanks to all

those who helped and guided me to make this endeavor successful.
I would also like to thank our project guide (Prof. TEJASWI BHOSALE
who helped me in the completion of project.
I cannot end this page without thanking my family and friends for their
support and encouragement while undertaking this project.
SIGNATURE AND NAME OF THE STUDENT WITH DATE
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INDEX
CHAPTER CHAPTER NAME PAGE
NO. NO.
1 INTRODUCTION TO THE STUDY

 Introduction
 Objectives of the Study
 Review Of Literature 7-12
 Research Methodology
2 COMPANY PROFILE
 Introduction
 Company Profile 13-14
3 THE CONCEPTUAL BACKGROUND

 Exeutive Summery
 Introduction
 Difinition of Auditing
 Basic Principal of Auditing
 Audit of Bank 15-35
 Provision of Accounts
 Advantage and Limitation Bank Auditing
 Internal Control in Certain Selected Area
 Types of Bank Audit
 Verification of Assets and Liabilities in Bank Auditing
4 DATA ANALYSIS & INTERPRETATION
 Monthly Concurrent Audit Report to Bank of Maharashtra 36-145
5 FINDING, SUGGESTIONS & CONCLUSION
 Bibliography
 Annexure 146-152
A STUDY ON BANK AUDIT OF BANK OF MAHARASHTRA

WITH SPECIAL REFERENCE TO V.L TIKMANI & ASSOCIATES
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CHAPTER-1
1.1 INTRODUCTION
Banks play an important role in the development of any country. It’s like an
agent of the economy. Like all economic activities, the banking sector is also
exposed to various risks in its operations. It is of utmost importance to ensure
that the banking sector stays healthy, safe, and sound. For the safe and sound
banking sector, one of the most important factors is reliable financial
information supported by quality bank audits.
A Bank audit is a routine examination of the records and services of the
organization to ensure whether they are in compliance with the laws and
standards of the industry. Banks have to get many types of audits done such as
statutory audit, revenue audit, concurrent audit, etc. This may be carried out by
external or internal agencies. In this blog, we will have an overview of the
statutory audit of the Branch of the Bank that is carried out as per guidance
provided by RBI.
Appointment of Statutory central auditor of PSB, select all India Financial
Institutions, RBI, and branch auditor for PSB is done in accordance with the
norms prescribed by RBI.
The remuneration of the auditor of a banking company is fixed in the general

meeting in accordance with the provisions of Section 142 of the Companies Act,
2013.
Reserve Bank of India in consultation with the Central Government fixed the
remuneration of auditors of nationalized banks and State Bank of India.
The statutory auditor should ensure that the audit report issued by them
complies with the requirements of Standards on Auditing. The auditor should
ensure that not only information relating to a number of unaudited branches is
given but quantification of advances, deposits, interest income, and interest
expense for such unaudited branches has also been disclosed in the audit report.
The statutory auditor is also required to state in his report the matters covered
by Section 143 of the Companies Act, 2013. However, it is pertinent to mention
that the reporting requirements relating to the Companies (Auditor’s Report)
Order, 2016 is not applicable to a banking company, as defined in clause (c) of
Section 5 of the Banking Regulation Act, 1949.
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RBI issued a Circular relating to the liability of the accounting and
auditing profession, where the matter should be referred to RBI, in case an
auditor finds any fraudulent activity or act of excess power or any foul play in
any transaction. Any deliberate failure on the part of the auditor should render
himself liable for action.
Auditors also need to consider the provisions of SA 250, “Consideration of Laws
and Regulations in an Audit of Financial Statements” and SA 240 “The Auditor’s
Responsibilities Relating to Fraud in an Audit of Financial Statements”. If the
auditor, while performing his audit, comes across any instance of fraud, he
should report the matter to the RBI in addition to the Chairman/MD/Chief
Executive of the concerned bank.
1.2 OBJECTIVE OF THE STUDY

To Study the Identifying and Assessing the Risks of Material Misstatements
To Study the report on verification of security
To Study the Summarizing the audit plan by preparing an audit planning
memorandum
To Study the Understanding the Bank and Its Environment including Internal
Control
To Study the Understanding the Bank’s Accounting Process
1.3 LITERATURE REVIEW
Brahmbhatt, M and Panelia, D (2008) in their study “An Assessment of Service

Quality in Banks” Foremost aim of this research is to comparatively examine and
measure of service quality and customer satisfaction among private sector,
public sector and foreign bank and to offer suggestion based on results of the
study. The Sample size was 246 and the Sample universe included Ahmedabad
and Gandhinagar. The Sampling Technique used was stratified random. The five
dimensions of SERVQUAL as proposed by Parasuraman et al. (1988), Othman
and Owen (2001, 2002) and Jabnoun and Al-Tamimi (2003) were adapted and
modified in this study. They conclude from the study that Foreign Banks is better
than public sector banks and private sector banks
Hinson, R, Mohammed, A and Mensah, R (2006) through their work on

“Determinants of Ghanaian Bank Service Quality in a Universal Banking
Dispensation” tried to compare Jain, V, Gupta, S and Jain, S (2012) in their
study “Customer Perception on Service Quality in Banking Sector: With Special
Reference to Indian Private Banks in Moradabad Region” try to learn and
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understand the customer perception regarding service quality and to learn and
understand the different dimension of service quality in banks. The Sample size
used is 100 and the sample universe is Moradabad. The service quality model
developed by Zeithamal, Parsuraman and Berry (1988) has been used in the
present study. The analysis reveals that among the private sector banks all the
dimensions of service quality are equally important.
Singh, SP and Khurana, S (2011) in their research “Analysis of Service Quality

Gap and Customers‟ Satisfaction in Private Banks” tried to examine Gender wise
customers‟ expectations and perceptions of service quality provided by the
Private Banks in Hissar District. Secondly, to identify whether there is difference
in expectation & perception of service quality of male & female customers. Lastly,
to identify the main attributes of service quality in which male & female
(separately) are more satisfied or dissatisfied. The Sample Size is 300 with
Sample Universe including Private Banks in Hissar. The Sampling Technique
used was Quota Sampling. A questionnaire consisting of 22 items based on
SERVQUAL model was administered on the sample. The results indicated that
the quality of services private banks provide was below customers „expectations.
Ananth, A, Ramesh, R and B, Prabaharan (2010) in their paper “A Service Gap

Analysis in Private Sector Banks- an Empirical Study of Customers‟ Expectations
vs. Perceptions” evaluate the Quality of Service in selected private sector banks
(ICICI & CUB). They also tried to identify the gap between customer expectations
and their perceptions. The Sample Universe is CUB and ICICI. The study followed
SERVQUAL as a framework and one dimension (accessibility) was added to the
previous dimensions to fit into the study. The gap analysis shows that empathy
shows a bigger gap between customer expectation and perception of service
quality. The multi - regression analysis shows that the dimension Empathy
Reliability-Assurance positively influences the banking service quality. service
quality across these three banks and to determine the most important factors
contributing to service quality. The sample size is 250 and Sample Universe was
Ghana. An adaptation of the SERVQUAL model was used for this study. The study
revealed that all the service quality dimensions contributed significantly to the
prediction of service quality in Ghana. Among all the service quality dimensions,
human element of service quality was found to be highly predictive of perceived
service quality.
From the above literature review we found that almost all the authors have used
the SERQUAL model developed by Zeithamal, Parsuraman and Berry (1988) to
find the service quality gaps in banking industry. In the study by Jain, Gupta and
Jain the analysis revealed that among the private sector banks all the dimensions
of service quality are equally important. Also Ananth, Ramesh and Prabaharan
show by gap analysis that empathy shows a bigger gap between customer
expectation and perception of service quality. The multi - regression analysis
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shows that the dimension Empathy-Reliability-Assurance positively influences
the banking service quality. On the other hand looking at the study of public
sector banks by Santhiyavalli we find that the overall customer satisfaction
towards the service rendered by the State Bank of India regarding the four
factors namely reliability, responsiveness, empathy and tangibility stood at
90.105 per cent. Brahmbhatt and Panelia in their study on Foreign, Public and
Private Banks concluded that Foreign Banks is better than public sector banks
and private sector banks. Singh and Khurana in their study also indicated that
the quality of services private banks provide was below customers expectations.
Lastly, Hinson, Mohammed and Mensah revealed through their study that all the
service quality dimensions contributed significantly to the prediction of service
quality in Ghana. Among all the service quality dimensions, human element of
service quality was found to be highly predictive of perceived service quality
Service quality is 'the delivery of excellent or superior service relative to
customer expectations‟. Service quality is recognized as a multidimensional
construct. While the number of dimensions often varies from researcher to
researcher, there is some consensus that service quality consists of three
primary aspects: outcome quality, interaction quality, and physical service
environment quality. Outcome quality refers to the customer's assessment of the
core service which is the prime motivating factor for obtaining the services (e.g.
money received from ATM). Interaction quality refers to the customer's
assessment of the service delivery process, which is typically rendered via a
physical interface between the service provider, in person, or via technical
equipment, and the customer. It includes, for instance, the consumer's evaluation
of the attitude of the service providing staff. The physical service environment
quality dimension refers to the consumer's evaluation of any tangible aspect
associated with the facilities or equipment that the service is provided in/ with.
It includes, for example, the physical conditions of an ATM machine.
1.4 RESEARCH METHODOLOGY
Research Methodology is the way to systematically solve the problem, in it we

study the various steps that are generally adopted in the study along with the
logic behind them. It is a conceptual structure with in which study is conducted;
it constitutes the blue print for the collection, measurement & analysis of data.
1.4 1 RESEARCH TYPE
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This type of research used in this study is a combination of quantitative and
qualitative research. It is concerned with mixed phenomenon. It aims at
discovering underlying desires and motives and hence used to study financial
forecasting quantitative research helps in investigating the what, where and
when of decision making whereas the qualitative helps to investigates why and
how of decision making
1.4 2 DATA COLLECTION

a. Primary data
Primary data is collected through observation method. As making direct
observations is a simple and unobtrusive way of collecting data. Gathering
firsthand information in the field gives the observer a holistic perspective that
helps them to understand the context in which the item being studied operates
or exists. The observations are recorded in field notes.
b. Secondary data
In order to have a proper understanding of the service quality of bank a depth
study was done from the various sources such as books, a lot of data is also
collected from the official websites of the banks and the articles from various
search engines like Google, yahoo search and answers.com.
1.4 3 SAMPLING PLAN
The sets of objects or universe over which was used in the study was finite that is
the students of SSTC who were also the customers of Bank of Maharashtra,
Junwani, Bhilai and the size of the sample which was considered was 100
questionnaires were fully filled.
1.5 SCOPE OF THE STUDY

The scope of the Bank Audit to Checking the efficiency of routine operations of
the bank
1.6 IMPORTANCE OF THE STUDY
a. To the Bank
A periodic Internal audit is required to monitor the bank’s system of internal
control and procedures. Good internal audit process helps the management in
the effective discharge of its responsibilities. It gives them the assurance of
the risk and operational performance of the bank. Based on the volume and
value of its transactions, every bank should conduct an internal audit to fulfil
its responsibilities and to achieve its objectives.
1.7 LIMITATIONS OF THE STUDY
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Time bound- the time for making research is limited. The shortage of time leads to
loophole in the study.
Data analysis method- the method opted for data collection may lead to another
limitation
Tools- the tools i.e. instrument which is used in the research may lead to some
loopholes in the study.
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CHAPTER 2
COMPANY PROFILE
2.1 INTRODUCTION
Mr. Vinod L. Tikmani,enrolled as a member of the Institute of Chartered

Accountants of India in 2010 has a hands-on experience in almost every facet of
Accounting, Auditing, Taxation, Finance, Corporate Law, Investment and
business consultancy. An ardent finance professionalwho is well versed with tax
laws, commercial laws, company laws, accounting and auditing standards,
management consultancy etc.
V. L. Tikmani & Associates is a multi-disciplinary Chartered Accountants firm,

registered with the Institute of Chartered Accountants of India (Registration no.
132583W, dated 11.11.2011) and founded by CA. Vinod Tikmani in the year
2011, based in Thane and successfully renders a comprehensive range of
services such as Statutory Audits, Tax Audits,Internal Audits, Due Diligence
Audits, Litigation,Income Tax Returns, Service Tax, MVAT, ROC Compliance &
Incorporation of Companies, Corporate Finance, Management Compliance Audit,
Tax planning, and various other regular and structured advisory services and
attestation functions. .
The firm strongly focuses on creating value for its clients and leading by
example. It is well equipped with competent, highly skilled and motivated
personnel & associated with professionals like Company Secretaries, IT
Professionals, etc. providing cutting edge solutions to its clients.
Ever since its inception, the firm has believed in its vision that Anything worth
doing, is worth doing right " .Driven by its unyielding passion for excellence and
an unfaltering commitment to provide the best services to its clients, the firm is
able to extend its services to clients ranging from commercial to service sector
organizations within a short span of time.
ABOUT V.L TIKMANI & ASSOCIATES

• Founded by CA. Vinod Tikmani
• Established on 11th November 2011.
• Registered with the Institute of Chartered Accountants of India
(Registration no. 132583W, dated 11.11.2011)
• V. L. Tikmani & Associates is a multi-disciplinary Chartered Accountants firm
From last 11 Year Completed.
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2.2 VISION
Ever since its inception, the firm has believed in its vision that Anything worth
doing, is worth doing right " .Driven by its unyielding passion for excellence and
an unfaltering commitment to provide the best services to its clients, the firm is
able to extend its services to clients ranging from commercial to service sector
organizations within a short span of time.
2.3 MISSION
The firm strongly focuses on creating value for its clients and leading by
example. It is well equipped with competent, highly skilled and motivated
personnel & associated with professionals like Company Secretaries, IT
Professionals, etc. providing cutting edge solutions to its clients.
2.4 HEAD OFFICE

CA Vinod Tikmani (Partner)
403,4th Floor,Varad Annex .Near Naupada Police Station & Raymond Shop,Above
Titan Showroom,,M.G Road,Naupada,Thane(W)-400602
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CHAPTER -3
THE CONCEPTUAL BACKGROUND
EXECUTIVE SUMMERY
A banking companies are requires maintaining the books of account in

accordance with section 209 of the companies act, 1956. Banking generally a
sound internal control system their day to day transaction. The auditor has to
evaluate such system carefully.The fundamental requirement of an audit, as
regards reporting on statement of account can be discharged from the
examination of the internal checked and verification of assets and liabilities by
making a comparison and reconciliation of balance with those in the year and
that of amount of income and expenses by application of test checks. The
banking regulation act casts greater responsibilities on the directors of banks as
compared to those of other companies in the matter of supervision over their
working.Therefore, they exercise, or are expected to exercise greater supervision
over the affairs of bank. The auditor is entities to rely on such supervision and to
limit his checking to test checks. The financial position of a bank is depended on
the condition of assets, loan, investment, cash balanced and those of its liabilities
and fund. Their verification form an important part of the balance sheet. Most of
the bank have their own internal audit or inspection department entrusted with
the responsibilities of checking the account of various branches. The statutory
auditor may not, therefore, duplicate work.
INTRODUCTION
The audit of banking companies plays a very important role in India as it help to
regulate the banking companies in right manner. In audit of banks includes
various types of audit which are normally carried out in banking companies such
as statutory audit, revenue/income expenditure audit, concurrent audit,
computer and system audit etc. the above audit is mainly conducted by the banks
own staff or external auditor. However, the rules and the regulation relating to
the conduct of various types of audit or inspections differ from a bank to bank
expect the statutory audit for which the RBI guidelines is applicable. In this, I
have given more importance on the overall bank audit system. In today’s
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competitive world audit is very much necessary as well as compulsory , because
investor investing decision is depend on that particular concept if auditor has
expressing his view about particular organization is true and fair then investor
can get his ideas about how much he should invest in particular companies.
DEFINITION OF AUDITING
Various persons such as the owners, shareholders, investors, creditors,

lenders, government etc. use the final account of business concern for different
purposes. All these users need to be sure that the final accounts prepared by the
management are reliable. An auditor is an independent expert who examines the
accounts of a business concern and reports whether the final accounts are
reliable or not. Different authorities have defined auditing as follows.
 Mautz define the auditing as “auditing is concerned with the verification of

accounting data, with determining the accuracy and reliability of accounting
statement and reports”.
 International auditing guidelines defines the auditing as “auditing is an

independent examination of financial information of any entity with a view to
expressing an opinion thereon”.
BASIC PRINCIPAL OF AUDITING:
• Integrity, objectivity and independence:

The auditor should be honest and sincere in his audit work. He must be fair and
objective. He should also be independent.
2) Confidentiality:
The auditor should keep the information obtained during audit, confidential. He
should not disclose such information to any third party. He should, keep his eyes
and ears open but his mouth shut.
3) Skill and competence:

The auditor should have adequate training, experience and competence in
Auditing. He should have a professional qualification ( i.e. be a Chartered
Accountant) and practical experience. He should be aware of recent
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developments in the field of auditing such as statement of ICAI, changes in
company law, decisions of courts etc.
4) Working papers:
The auditor should maintain working papers of important matters to prove that
audit was conducted with due care according to the basic principles.
5) Planning:
The auditor should plan his audit work. He should prepare an audit programmed
to complete the audit efficiently and in time.
6) Audit evidence:
The report of the auditor should be base on evidence obtained in the course of
audit. The evidence may be obtained through vouching of transactions,
verification of assets and liabilities, ratio analysis etc.
7) Evaluation of accounting system and internal control:

The auditor should ensure that the accounting system is adequate. He should see
that all the transaction have been properly recorded. He should study and
evaluate the internal controls.
8) Opinion and report:

The auditor should arrive at his opinion on the account based on the audit
evidence and submit his report. The opinion may be unqualified, qualified or
adverse. The audit report should clearly express his opinion. Law should require
the content and form of audit report.
AUDIT OF BANKS
The audit of the banks should be well-acquainted with the relevant provision of
the special enactment that govern different types of banks, particularly those
which affect the various items of the financial implications of the business
carried on by banks and the types of the transaction that arise in the day-to-day
operations. In this chapter, salient features of audit of the banks are considered
in the context of the provision of the various enactment governing them.
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LEGISLATIONS RELEVANT TO AUDIT OF BANK
The provisions of many Acts relevant to audit of different types of banks. An
auditor of the banks should acquaint with the specific provision of the Acts
applicable to the type of banks under audit. Nationalized banks are governed by
the provisions of of the relevant Banking companies Act. Certain provision of the
Banking Regulation Act 1949 also applicable to nationalized banks The non-
nationalized banking companies are governed by the provision of the Banking
Regulation Act 1949. Co-operative banks are governed by the Co-operative
Societies Act 1912 or the Co-operative Societies Act of the state in which they are
situated, as well as by Part-v of the Banking Regulation act 1949.Certain
provision of the Banking Regulation act have been modified while certain others
have been omitted in their allocation to co-operative banks. Regional rural banks
are governed by the Regional rural banks Act 1976. The provisions of the State
bank of India Act 1955, and the State bank of India(subsidiarybanks)Act 1959,
apply State bank of India and its subsidiaries respectively. Certain specified
provisions of the Banking Regulation act 1949, are applicable to regional rural
banks as well as to the State bank of India and its subsidiaries
PROVISION TO ACCOUNTS
Section 29 of the Banking Regulation Act deals with the obligation of the banks
regarding maintenance of accounts and preparation of financial statements.
Its main preparation as follows;
1. Banks have to prepare a balance sheet and profit and loss accounts as on 31st
march every year in the form to set out in the Third schedule to the Act. A foreign
banking company has to similarly prepare a balance sheet and a profit and loss
a/c every year in respect of the business transacted through its branch in India.
2. The financial statements of the banks are to signed by the manager or the
principal officer and by atleast three directors. The financial statements of
foreign banking companies are to be signed by the manager or the agent of
principal office in India.
3. In cases of the banking companies the provisions of the companies Acts 1956,
relating to the financial statements are also applicable to the extent they are not
inconsistent with requirements of the Banking Regulation Ac, 1949.
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4. As per the third schedule to the Banking Regulation Act, the balance sheet of
the bank as to classify the items of the Capital and Liabilities and those of the
assets below:-
Capital & Liabilities: Assets

Capi tal Cash and balances with Rereserve bank of
India
Reserves and surplus. Balances with the banks money at call
&,short notice
Deposits investments
Borrowings Advances
Other liabilities Fixed assets
provisions Other assets
Besides the above, contingent liabilities and bills for collection are also to be
disclosed.
The forms of the profits and losses a/c shows the main item of the
income ,expenditure and appropriations. The disclosure requirements of the
Third Sheduled are discussed later in this chapter along with the audit to verify
the various items of the financial statements. Apart from the requirements of the
Third Schedule to the banking regulation act 1949,the financial statement of the
bank have to contain additional disclosures required by RBI from time to time.
Besides, listed banks have to also satisfy the disclosure of listing agreement with
stock exchange (s). RBI has issued detailed notes and instruction for completion
of balance sheet and profit and loss account of banks. These notes and
instructions provide interpretation of the requirement of the Third schedule to
the Banking Regulation Act and are thususeful to the auditor.
AUDIT COMMITTEE
In pursuance of RBI circular September 26, 1995, a bank is required to

constitute an Audit Committee of its Board. The membership of the audit
committee is restricted to the Executive Director, nominees of Central
Government and the RBI, Chartered Accountant director and one of the non-
official directors.
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One of the functions of this committee is to provide direction and oversees the
operations of the total audit function in the bank. The committee also has to
review the internal inspection function in the bank, with special emphasis on the
system, its quality and effectiveness in terms of follow up. The committee has to
review the system of appointment and remuneration of concurrent auditors.
The audit committee is, therefore, connected with the functioning of the system
of concurrent audit. The method of appointment of auditors, their remuneration
and the quality of their work is to be reviewed by the Audit Committee. It is in
this context that periodical meeting by the members of the audit committee with
the concurrent auditors help the audit committee to oversee the operations of
the total audit function in the bank.
Considering the coverage of this audit assignment and the specialized nature
of work there is also a need for training to be imported to the staff of the
auditors. This training has to be given in specialized field such as foreign
exchange, computerization, and areas of income leakage, fraud prone areas,
determination of credit rating and other similar specialized areas. The bank can
organize such training programmed at various places so that it can ensure the
quality of audit.
ADVANTAGES OF BANK AUDITING
1) Assurance of true and fair accounts:

Audit provides an assurance to the various users of final accounts such as
owners, management, creditors, lenders, investors, government’s etc. that the
accounts are true and fair.
2) True and Fair balance sheet:

The user accounts can be sure that the assets and liabilities shown in the audited
balance sheet show the concern, as it is i.e. neither more nor less.
3)True and fair profit and loss account:
The user can be confident that the audited profit and loss account shows the true
amount of profit or loss as it is i.e. neither more nor less.
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4) Tally with books:
The audited final account can be taken to tally with the books of accounts. Thus,
the income-tax officer can start with the figure of audited books profit, make
adjustments and compute the taxable income. An outside user need not go
through the entire books.
5) As per standard accounting and auditing practices :
The audited final accounts follow the standard accounting and auditing
principles laid down by professional bodies. Thus, audited accounts are based on
objectives standard and not on personal whims and fancies of a particular
accountant or auditor.
6) Detection and prevention of errors and frauds:
Audited accounts can be assumed reasonably free from errors and frauds. The
auditor with his expert knowledge would take due care to see that Errors and
frauds are detected so that the accounts shoe a true and fair view.
7) Advice on system, taxation, finance:
The auditor can also advise the client about the accounting system, internal
control, internal check, internal audit, taxation, finances etc.
LIMITATIONS OF BANK AUDITING
1. An auditor cannot check each and every transaction he has to check only the
selected areas and transaction on a sample basis.
2. Audit evidence is not conclusive in nature thus confirmation by a debtor is not

conclusive evidence that the amount will be collected. It is said evidence is rather
than conclusive in nature
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.
3. An auditor cannot be expected to discover deeply laid frauds usually involves
acts designed to conceal them such as forgery , celibate failure to record
transactions, false explanation and hence are difficult to detect.
4. Audit cannot assure the users of account about the future profitability,
prospects or the efficiency of the management.
5. An auditor has to rely upon expert auditor may have to rely on expert in
related field such as lawyers, engineers, value’s etc. for estimating contingent
liabilities, valuation of fixed assets etc.
INTERNAL CONTROL IN CERTAIN SELECTED AREAS
General
• The staff and officer of a bank should lift form one position to another frequently
and without prior notice.
• The work of one person should always be checked by another person in the
normal course of business.
• All arithmetical accuracy of the book should be proved independently every

day.
• All bank form (e.g. books, demand draft book, ‘travellers’ cheque, etc.) should be
kept in the possession of an officer, and another responsible officer should
occasionally verify the stock of such stationary.
• The mail should be opened by responsible officers. Signature on all the letters
and advice received from other branches of the bank or its correspondence
should be checked by an officer with signature book.
• The signature book of the telegraphic codebook should be kept with responsible
officers, used, and seen by authorized officers only.
• The bank should take out insurance policies against loss and employees
infidelity.
• The power of officers of different grade should be clearly defined.
22
• There should be surprise inspection of office and branches at periodic interval
by the internal audit department. The irregularities pointed out in the
inspection reports should be promptly rectified.
Cash:
• Cash should be kept in the joint custody of two responsible people.
• In addition to normal checking by the chief cashier, cash should be test checked
daily and counted in full occasionally by responsible officers unconnected with
the balanced shown the balanced shown by the daybook every day.
• The cashier should have no access to the ledger account and the daybook. This is
an important safeguard. Bank management are often tempted to used cashier
because of their shorter working hours as a ledger clerks in the absence of
regular staff on leave, etc. This cash can be a very expensive price of economy.
Clearings:
• Cheques received by the bank in clearing should with the list accompanying the
mindependent list should be prepared for cheques debited to different
customers account and those return unpaid and these should be checked by
officers.
• The total numbered and amount of cheques sent out the bank for clearing
should be agreed with the total of the clearing pay-in-slip, by an independent
person.
• The unpaid cheques received back return clearing should be checked in the
same manner as the cheques received.
Constituent ledger:
• Before making payment, cheques should properly checked in respect of

signature, date, balanced in hand etc. and should be passed by an officers and
entered into constituent’s account.
• No withdrawal should normally be allowed against cheques deposited on the

same day.
• An officer should check all the entries made in the ledger with the original
document particularly nothing that the correct account have been debited or
credited.
23
• Ledger keeper should not have access to voucher summary sheet after they
have been checked by an officer and to the daybook.
• Interest debited or credited to constituent account should be independently

checked.
Bill of collection:
• All documents accompanying the bill should be received and entered in the
register by a responsible officer. All the time of dispatch, the officer should also
see that all document sent along with the bills.
• The account of customers or principals should be credited only after bills have
been collected or an advice to that effect received form the branch or agent to
which they were sent for collection.
• It should be ensured that bills sent by one, branch for collection to another
branch of the bank, are not in the collection twice in the amalgamated balance
sheet of the bank. For this purpose, the receiving branch should reverse the
entries such as bills at the end of the receiving branch at the end of the year fir
closing purposes.
Bill purchased:
• At the time of purchased of bill, an officer should verify that all the document of
titles are properly assigned to the bank.
• Sufficient margin should be kept while purchased or discounting a bill to cover

any decline in the value of the security etc.
• If the bank is unable to collect a bill on the due date, immediately step should be
taken to recoveries the amount form the drawer against the security provided.
• All irregular outstanding account should be reported to the head office.

In the case of purchased outstanding at the close of the year discount received
thereon should thereon should be properly apportioned between years.
24
Demand draft:
• The signature on demand draft should be checked by an officer with signature

book.
• All the best demand draft sold by should be immediately confirmed by the
advice to the branches concerned.
• If the branches does not receive does not received proper confirmation of ant
demand draft form the issuing branch or does not received credit in its account
with that branches, it should take immediate step to ascertain the reason.
Loan and advances:
• The bank should make advances only after satisfying itself as to the
creditworthiness of the borrowers and after obtaining sanction from the proper
authorities of bank.
• The entire necessary document (e.g. agreement, demand promissory note, letter
of hypothecation etc.)
• Sufficient margin should be kept against securities taken to cover any decline in
the value thereof and also to comply with proper authorities of directives. Such
margin should be determined by the proper authorities of the bank as a general
policy or for particular account.
• All the securities should be received and returned by responsible officer. They
should be kept in the joint custody of two such officer
• In the case of good in possession of the bank, content of the package should be
test checked at the time of receipt.
• Surprise check should be made in respect of hypothecated goods not in the

possession of the bank.
• Market value of good should be checked by officer of the bank by personal
25
enquiry in addition to the invoice to the invoice value given by the borrowers.
• As soon as any increased or decreased takes take place in the value of

securities proper entries should be made in the drawing power book and daily
balance book. These entries should be checked by an officer.
• All account should be kept within both the drawing power and the sanctioned
limit at all times.
• At the account, which exceed the sanctioned limit or drawing power or are
against unapproved securities or are otherwise irregular, should be brought to
the notice of the management/head office regularly.
Credit card operation:
• There should be effective screening of application with reasonably good credit

assessment.
• There should be strict control over storage and issues of card.
• There should be at system whereby a merchant confirm the statues of utilized

limit of a credit card holder form the bank before accepting the settlement in
case the amount to be settled exceed a specified percentage of the total limit
of the credit holder.
• There should be system of prompt reporting by the merchant of all settlement

accepted by them through credit cards.
• Reimbursement to merchants should be made only after verification of the

validity of merchant acceptance of card.
• All the reimbursement should be made immediately charged to the customers

account.
• There should be a system to ensure that statements are sent regularly and
promptly to the customers.
• There should be a system to monitor and follow up customer payment.
26
• Items overdue beyond a reasonable period should identification and attended
to carefully. Credit should be stopped by informing the merchant through
periodic bulletin, as early as possibly to avoid increased losses.
• There should be a system of periodic review of credit card holder account. On

the basis, the limit of customer may be revised; it necessary, the review should
also includes determination of doubtful amount and the provisioning in respect
thereof.
TYPE OF AUDIT IN BANK
• Statutory audit:
The statutory audit, which is compulsory as per the law. The statutory audit of
banks includes examination and inspection of internal audit, concurrent audit,
etc. The statutory audit of banks is like a post mortem activity. The suggestions
of the statutory auditors can assist the bank management in improving the
effectiveness of internal audit/concurrent audit/inspection functions, etc. In this
way statutory plays a very important role in regulating the banking companies.
• Internal audit:
Banks generally have a well-organized system of internal audit. There internal
auditors pay frequent visit to the branches. They are an important link in
internal control of the bank. The systems of internal audit in different banks also
have a system of regular inspection of branches and head office. A separate
department within the banks by firms of chartered accountants carries out the
internal audit and inspection function.
• Concurrent audit:
Concurrent audit is the system which introduced by the RBI with the view that
interval between the occurrence of transaction and it’s over view kept to the
minimum extent and examination of transactions by the auditors take place as
soon as the transaction take place. It has perceived the effective means of
control. The main view of concurrent auditors is to see that the transactions are
properly recorded, documented and vouched.
27
• System audit:
In today’s technological advancements, banking companies are using a well-
organized computer system to perform their transactions. So, it is very necessary
to conduct ‘system audit’ in order to evaluate the computer system for
effectiveness. System audit is the audit of such computer environment/system
and comprises the following internal controls over EDP activities and with
application controls specific control procedures over accounting
applications/assuring that all transaction are recorded and authorized and
completely, accurately, timely processed manner which in turn are verified by
computer.
• Revenue audit:
Revenue audit refers to the audit of revenues/ incomes. In revenue audit of
banking companies, auditors go through the various sources of revenues from
which bank earn income. In revenue audit of banks, the auditor inspects that all
the records are showing true and fair picture of revenues or not.
VERIFICATION OF ASSETS AND LIABILITES IN BANK AUDITING
Capital and Liabilities:
1. Capital
The following particulars have to be given in respect of share capital in the

balance Sheet
• For nationalized banks

The capital owned by central government as on the date of balance sheet
including contribution from government, if any, for participation in world bank
project should be shown.
• For banks incorporated outside India
28
Capital (the amount brought in by banks by way of startup capital as prescribed
by RBI shown under this head) Amount of deposit kept with RBI under section
11(2) of the banking regulation act, 1949.
• For other banks
Authorized capital (shares of Rs…….each)

Issued capital
Subscribed capital
Called-up capital
Less: calls unpaid
Add: forfeited shares
The auditor should verify the opening balance of capital with reference to the
audited balance sheet of the previous year. In case there has been increase in
capital during the year, the auditor should examine the relevant documents
supporting the increase. For example, in case of an increase an authorized capital
of a banking company, the auditor should examine the special resolution of
shareholders and the memorandum of association. An increase in subscribed and
paid-up capital of a banking company, on the other hand, should be verified with
reference to prospectus/ other offer document reports received from registers to
the issue, bank statement, etc.
• Reserves and surplus:
The following are required to be disclosed in the balance sheet under the head
‘Reserves and Surplus’
a) Statutory reserves.
b) Capital reserves.
c) Share premium.
d) Revenue and other reserves.
e) Balance in profit and loss account.
The auditor should verify the opening balances of various reserves with
reference to the audited balance sheet of the previous year. Addition to or
deductions from reserves should also be verified in the usual manner, e.g. with
reference to board resolution. In the case of statutory reserves and share
premium, compliance with legal requirements should also be examined. Thus,
the auditor should specifically examine whether the requirements of governing
legislation regarding transfer of the prescribed percentage of profits to reserve
29
fund have been complied with. In case the bank has been granted exemption
form such transfer, the auditor should examine the relevant documents granting
such exemption. Similarly, it should be examined whether the appropriations
from share premium account conform to the legal requirements.
• Deposits:
Deposits are required to be classified in the balance sheet under the following
heads.
A. I. Demand Deposits
(i) from banks
(ii) from others
II. Saving Bank Deposits
IV. Term Deposits
(i) From banks.
(ii) From Others.
B. I. Deposits of Branches in India.

II. Deposits of Branches outside India.
• The auditor may verify types of deposits in the following

manner.
I . Current account:
The auditor should verify the balances in individual accounts on a sampling

basis. He should also examine whether the balances as per subsidiary ledgers
tally with the related control accounts in the general ledger.The auditor should
consider the debit balances in current account are not netted out on the
liabilities side but appropriately included under the ‘advances’. Inoperative
accounts are a common area of frauds in banks. While examining current
account, the auditor should specifically cover in his sample some of the
inoperative account revived during the year. The auditor should ascertain
whether inoperative are ‘revived’ only with proper authority. For this purpose,
the auditor should identify cases where there has been a significant reduction in
balances compared to the previous year and examine the authorization for
withdrawals.
II. Saving bank deposits:
30
The auditor should verify the balances is individual account on a sampling basis.
He should also examine whether the balances as per subsidiary ledgers tally wit
the related control accounts in the general ledger. The auditor should also check
the calculations of interest on a sampling basis. It is not usual for branches to
interest saving bank up to a date close to the end of the accounting period for
e.g.25th March based on the actual balances with interest of the remaining
period on an estimated basis at the head office level.
III. Term deposits:

Term deposits are deposits repayable after a specified period. They are
considered time liabilities of the bank. The auditor should verify the deposits
with reference to the relevant registers. The auditor should also examine, on a
sampling basis, the registers with the counter-foils of the receipts issued and
with the discharged receipts returned to the bank.
IV. Deposits designated in foreign currencies:

In the case of deposits designated in a foreign currency, for e.g. foreign currency
nonresident deposits, the auditor should examine whether they have been
converted into Indian rupees at the rate notified in his behalf by the head office.
V. Interest accrued but not due:

The auditor should examine that interest accrued but not due on deposits is not
included under the deposited but is shown under the head ‘other liabilities ad
provision’
• Borrowings:
Borrowings of a bank are required to be shown in balance sheet as follows:

I . Borrowing in India.
a. Reserves Bank of India.
b. Other banks.
c. Other institution and agencies.
II. Borrowing from RBI.
Other banks/financial institution etc. should be verified by the auditors with
reference to confirmation certificated and other supporting document such as
agreements, correspondence etc. The auditor should also examine whether a
clear distinction has been made between ‘rediscount’ and ‘refinance’ for
disclosure of the amount under the above head since rediscount does not figure
under this head. The auditor should examine whether borrowing of money at call
31
and short notice is properly authorized.The rate of interest paid/payable on as
well as duration of , such borrowing should also be examined by the auditor.
• Other current liabilities:
The third schedule to the banking Regulation act, 1949, requires disclosure of the
following items under the head ‘other liabilities and provision’
• Bills payable
• Inter office adjustments.
• Interest accrued
• Other (including provisions)
The auditor may verify the various items under the head other liabilities and
provision in the following manner.
6) Bills payable
Bills payable represent instrument issued by the ranch against money received
from customers, which are to be paid to the customers or as per his order. These
include Demand Draft, Telegraphic Transfer, and Mail transfer and Mail Transfer,
Travellercheques, Pay order, Banker cheques, and similar instrument issued by
the bank but not presented for payment until the balance sheet date.
7) Inter office adjustment:
The balanced in inter office adjustment account, if in credit, is to be shown under

this head.
8) Interest accrued:
Interest accrued but not due on deposit is to be shown and borrowing is to
shown under this head. The auditor should examine this with reference to terms
of various type of deposits and borrowings. It should be specially examined that
such interest has not been clubbed with the deposits and borrowing shown
under the deposits and borrowing.
9) Other
According to the notes and instructions for compilation of balance sheet and
profit and loss account, issued by the Reserve Bank of India, the following items
are to beincluded under this head.
• Net provision for income tax and other taxes like interest tax, less advances
payment and tax deducted at source.
• Surplus in aggregate in provision for bad and doubtful debts provision account.
• Contingency funds, which are actually in the nature of reserved but are not
disclosed as such.
• Provision towards standard assets. These are to shown separately as contingent
standard assets.
• Proposed dividend/transfer to government.
32
ASSETS:
1 . Cash, bank balanced and money at call and short notice:

The third schedule to the Banking Regulation act, 1949, requires following
disclosure to the be made in the made in the balance sheet regarding cash,
balances with Reserve Bank of India., balance with other bank, and money at call
and short notice.
2 . Cash and balance with Reserve Bank of India.
I. Cash in hand (including foreign currency notes)
II. Balance with Reserve Bank of India
f) In current account
g) In other account
3 . Balanced with banks money at call and short notice

I . In India
A) Balanced with banks
B) 1. In current account
C) 2. In other deposits account.
B) Money at call and short notice

1. With banks
2. With other institutions
II . Outside India
1. In current accounts.
2. In other deposits account.
3. Money at call and short notice.
4 . Cash Reserved:
One of the determinants of cash balance to be maintained by banking companies
and other schedule is the requirement for maintenance of certain minimum cash
reserve. While the requirement for maintenance of cash reserve by banking
companies is contained in the banking regulation act,1949 corresponding
requirements for schedule bank is contain in the Reserve Bank of India.
5 . Statutory liquidity ratio:

Section of 24 the act requires that every banking company shall maintain in India
in cash, gold or unencumbered approved securities an amount which shall not, at
the close of business on any day, be less than twenty five percent, or such other
percentage not exceeding forty, as the RBI bank form time to time, of total
demand and time liabilities in India as on last Friday of the second preceding
fortnight.
33
6 . Deposits by foreign banking company:
Section 11(2) of the act requires the banking companies incorporated outside India to
deposit with RBI certain amount either in cash or in unencumbered securities or
partly in cash and partly in such securities.
7 . Advances:
In carrying out of audit of advances, the auditor of advances, the auditor is
primarily concerned with obtaining evidence about following
a) Amount included in balance sheet in respect of advances are outstanding at
the date of balance sheet.
b) Advances represent amount due to the bank.
c) There are no unrecorded advances.
d) The stated basis of valuation of advances is appropriate and properly
applied, and that the recoverability of advances is recognized in their
valuation.
e) The advances are disclosed, classified and describe accordance with
recognized accounting policies and relevant statutory and regulatory
requirements
f) The auditor should ascertain the statues of balancing of subsidiary ledger
relating to advances.
g) The auditor should review the operation other advances accounts.
8 . Investment:
The auditor should verify the investment scripts physically at the close of
business on the date of balance sheet. In exceptional cases where physical
verification of investment scripts on the balance sheet date is not possible the
auditor should carry out the physical verification on a should take in to
consideration any adjustment for subsequent transaction of purchase, sale etc.
he should take particular care to see that only genuine investment are produced
before him.
9 . Fixed assets:
In carrying out an audit of fixed assets, the auditor is concerned primarily with
obtaining evidence about their existence and valuation. The branch auditor
should ascertain whether the accounts in respect of premises and/or other fixed
assets are maintained at the branch or centrally. Similarly, he should ascertain
the location of documents of title or other documents evidencing ownership of
various items of fixed assets. The auditor should verify the opening balance of
premises with reference to schedule of fixed assets, ledger or fixed asset register.
34
In respect of fixed assets sold during the year, a copy of the sale deed and receipt
of the salve value should examined by the auditor.
10. Other assets:

The auditor should see that whether there are any reversals entries indicating
the possibility of irregular payments or frauds in case of inter- office
adjustments. The auditor should also pay attention towards interest-accrued
part from the banks point of view. The auditor should see that internal control
over stationery items. The auditorshould verify the stationery and stamps.The
auditor should examine the non-interest bearing advances to the staff with
reference to the relevant documentation.
35
BANK OF MAHARASHTRA
CONCURRENT AUDIT REPORT (REVISED)
TO BE OPERATIONAL FROM 1ST JANUARY 2022
Br. Code – 642 BRANCH –VARTAKNAGAR ZONE-
THANE
CHAPTER-4
DATA ANALYSIS AND INTERPRETATION
CONCURRENT
AUDIT
REPORT
By
V.L. Tikmani & Associates
Chartered Accountants
H.O. 403, 4th Floor, Varad Annex, Near Naupada Police Station & Raymond
Shop Thane (West) 400602
Branch Mohammedi House, 1st Floor, Room No 1B, 214/216, Nagdevi Street,
Mumbai- 400003
Contact Number: 022-25334037, 9892834037

Email: cavinod.tikmani@gmail.com, cavl.tikmani@gmail.com
CONCURRENT AUDIT FOR THE MONTH OF JUNE 2022
DISCUSSION CUM ATTENDANCE CERTIFICATE
Certificated that the attached report of Concurrent Audit for the month of June 2022 has been discussed with
the Branch Head Mrs. Padma P. Magdum by Shri Vinod L. Tikmani proprietor/partner of the Firm M/s V.L.
Tikmani & Associates on 31-08-2022
The Attendance Sheet is given below

ATTENDANCE SHEET
Designation Total Number of days
Dates of attendance during Name of Person attending
(Auditor, Assistant attended during the
the Month the Branch
etc) month
RohankumarRupla Audit Assistant 20 Days
Rahul Khushalani Employee
09-08-2022 Pooja Yadav Employee
RohankumarRupla Audit Assistant
CA Vinod L. Tikmani Auditor
21-08-2022 RohankumarRupla Audit Assistant
Pooja Yadav Employee
37
38
GIST OF DISCUSSION
S. Comments of the Auditors Reply of Branch Head
No.
1 Overdue Term Loan Accounts Branch is making efforts in recovery
We have provided the list of all overdue Term overdue amount in Term Loan accounts by
Loans under Annexure 16 D contacting the defaulting borrowers.
2 We have provided the table containing Interest Branch will verify the correctness of the
Rate Variations below Annexure wherein rate same and will revert back to you.
as per Product and Interest Rate applied is
furnished. Branch is required to verify the same
and reverse/collect the interest difference if any.
3 Delayed and Non-Submission of Stock/BD Branch is putting efforts in receiving the
Statements, QIS Statements from the CC Stock/BD Statements/QIS Statements in the
Borrowers as mentioned under Annexure 13. time and without fail from the CC
Penal Interest for the same is also not being borrowers.
collected by the branch.
4 Branch is not keeping proper record of We will start maintaining properly updated
Insurance of the Security charged to Bank in Register for Insurance and also enter the
the Register. same in system.
5 Cash Retention Limit of Rs. 25 Lakhs was Due to staff shortage, we could not remit
exceeded on 13 days during the month. excess cash to Currency Chest.
Also, it has been suggested to increase the Cash
Retention Limit (CRL); since it has been
observed that the cash balance has crossed CRL
a lot of times during the month.
6 We have provided the list of accounts where Branch is ensuring the creation of CERSAI
Collateral created but CERSAI ID is not ID for collateral created and its updating in
created under Annexure 18 the system.
7 Though considerable recovery of Overdue Rent We are in the process of making locker
is made, Locker Software is not fully live in the software fully live.
system and 36 lockers are vacant since long.
8 It has also been observed that creation of ROC Branch will verify the correctness of the
charge has been delayed and charges for the same and take corrective measures.
same are not recovered from the customers;
which amounts to revenue leakage.
9 It has been observed that creation of CERSAI is Branch will verify the correctness of the
delayed. same and take corrective measures.
10 During the course of audit, it has been observed Due to the pandemic of COVID-19 Pre &
that branch officials are not performing Pre & Post sanction visits are not performed.
Post sanction visits of advances being
sanctioned.
11 Auditor Log-in for CBS is not available during Due to shortage in staff; we are using
the bank working hours, the log-in is occupied Auditor’s log-in to attend the customers
with staff to attend the customers. during the banking hours.
12 As reported under ANNEXURE 6 B, Bills
Payable are outstanding since 2008 amounting
to Rs.2,892/-; the same shall paid or written off
and clear the outstanding balance.
39
13 During the course of audit it has been observed
that advances are not entered in sanction
register, the same has been reported under
ANNEXURE 10 B
It is hereby suggested that, branch shall
mention all the advances sanctioned in sanction
register.
14 There has been a delay in ATM verification due
to non-co-operation from the party that
oversees the ATM loading and unloading.
15 During the course of audit, it has been observed
that there is no Security Guard in the Bank.
Considering the size of the Bank and Cash
retention limit, it is recommended that there
should be atleast one Security Guard outside
the bank and ATM
For V. L. Tikmani & Associates For Bank of Maharashtra

Firm Reg. No. 132583W

Chief Manager,
Varthaknagar Thane.
________________
CA Vinod L. Tikmani
Partner
Membership No.: 136480
40
((ANNEXURES)
Following annexures are attached with the report
Annexure Report is related to Particulars Yes/No Page No

Number
Annexure 1 OVERALL Report on serious irregularities, actual or NO 16
suspicious frauds
Annexure 2 OVERALL Report on persistent irregularities. YES 17
Annexure 3 A CASH Report for verification of Cash NO 18
Annexure 3 B CASH Report on Excess Cash Holding NO 18
Annexure 3 C CASH Report on levying the penalty on cash NA 18
handling
Annexure 3 D CASH Certificate on Implementation of Clean NO 19
Note Policy
Annexure 4 ATM Report on ATM cash verification NO 20
Annexure 5 A KYC Summary report of opening of new YES 21
Deposit accounts during the month.
Annexure 5 B KYC Detailed report of KYC compliance for NO 28
the new accounts opened during the
month
Annexure 5 C KYC Report on observance of KYC guidelines NO 29
Annexure 5 D KYC Report on abnormal cash transactions NO 30
noticed in the newly opened accounts
Annexure 6 A NOMINAL Report on the monitoring of office and NO 31
ACCOUNTS nominal accounts
Annexure 6 B NOMINAL Report on long outstanding entries above NO 34
ACCOUNTS three months in nominal and office
accounts
Annexure 6 C NOMINAL Report on long outstanding entries less NO 35
ACCOUNTS than three months in nominal and office
accounts
Annexure 6 D NOMINAL Remarks on the operation of the Nominal NO 35
ACCOUNTS accounts and Office accounts
Annexure 7 OTHER BANK Reports of the accounts with other NA 35
Bank /SBI/RBI
Annexure 8 BALANCING OF Reports on the Balancing of the Books NA 36
BOOKS
Annexure 9 ADMINISTRATION Report on the overall branch NO 37
administration
Annexure 10 A ADVANCES Summary of Advances sanctioned during NO 37
the month
Annexure 10 B ADVANCES Details of the advances sanctioned during YES 39
the month
Annexure 10 C ADVANCES Details of the monthly Non-Compliances YES 43
statement
Annexure 10 D ADVANCES Details of the other important NO 45
observations of the auditors
Annexure 10 E ADVANCES Certificate of Compliance NO 47
Annexure 10 F ADVANCES Certificate of end use verification NO 48
Annexure 11 A ADVANCES Reports on the large borrower's accounts YES 49
Annexure 11 B ADVANCES Report on verification of security NO 52
documents of Top 50 NPA account in DB
41
category
Annexure 12 ADVANCES Report on the verification of CBS data NO 52
with sanction letters during the month
Annexure 13 ADVANCES Report on the submission of stock YES 56
statement / book debt statement
Annexure 14 ADVANCES Report of the Insurance of the assets YES 58
Annexure 15 ADVANCES Reports on review / Renewal of the YES 58
Working Capital limits during the month
Annexure 16 A ADVANCES Report on the overdrafts in SB / CA NO 59
accounts
Annexure 16 B ADVANCES Report on the overdrafts in SB / CA NO 59
accounts due to clearing
Annexure 16 C ADVANCES Report on the overdrafts in Cash Credit NO 60
accounts
Annexure 16 D ADVANCES Report on the total overdue accounts due YES 60
to overdrafts in CC /TL accounts
Annexure 17 ADVANCES Report on the Short-Term Loans if any NA 76
given in the month
Annexure 18 ADVANCES Report on the noting of Bank’s Charge YES 77
with ROC / RTO/ CERSAI/ Society/
Land Extracts etc.
Annexure 19 A EXPORT CREDIT Report on the Packing Credits sanctioned NA 80
during the month
Annexure 19 B EXPORT CREDIT Export Credit Claim form NA 81
Annexure 20 BILLS Report on the overdue bills purchased / NA 82
discounted/ cheque purchased etc
Annexure 21 BANK Report on Bank Guarantee YES 83
GUARANTEE
Annexure 22 LETTER OF Report on Letter of Credit YES 84
CREDIT
Annexure 23 RECORDS Report on Branch’s Record Maintenance YES 85
Annexure 24 CLEARING Report of the transaction pending in NO 86
Clearing House
Annexure 25 STATEMENTS Report on the submission of Control YES 88
Returns
Annexure 26 INCOME Report on the Income Leakages YES 89
LEAKAGES
Annexure 27 LOCKERS Report on the Locker Modules and its YES 90
operation
Annexure 28 PROFIT and LOSS Report on the Profit and Loss transactions NO 90
Annexure 29 GST Report on GST Certification NO 91
Annexure 30 GOVT BUSINESS Report on Govt Business transactions NA 92
Annexure 31 TAXES Report on tax compliances and delays NO 93
thereof
Annexure 32 PENSION Report on submission of Life Certificates YES 95
Annexure 33 CUSTOMER Report on the Customer Services and NO 103
SERVICES observation of RBI
Annexure 34 SECURITY Report on the security measures in the YES 103
MEASURES branch
Annexure 35 COMPLIANCES Report on the various audit compliances NO 104
Annexure 36 APR Report on the web based submission of NO 105
APR
Annexure 37 ADVANCES Report on the Wilful Defaulters NO 105
42
Annexure 38 ADVANCES Report on the Early Warning Signals YES 106
Annexure 39 OVERALL Report on the Freelance reporting by the NA 108
Auditors
Annexure 40 ADVANCES Report on the takeover finance NO 108
Annexure 41 AUDIT Report on the Credit Audit NA 109
Annexure 42 AUDIT Report on the Legal Audit NA 109
Annexure 43 EXPENSES Report on the Expenses made by the NO 110
branch
43
CHECK POINTS FOR ADVANCES)
c
CHECK POINTS NEEDS TO BE OBSERVED WHILE SCRUTINISING THE LOAN SANCTIONS
Following are the check points to be observed in the Advances portfolio, these are illustrative. You also can
comment based on your observations also.
S Point Observations / Comments from the Concurrent Auditors to be given in the

No. Respective Annexure Advances sanctioned / Disbursed during the month
1 Pre - a) Pre-sanction visit not undertaken.

sanction b) Pre-sanction visit report not on record.
visit c) Pre-sanction visit report not entered in ULC => Customer Visit Report.
2 Appraisal a) KYC / Due Diligence / Personal information forms not on record.

aspects b) Copies of passport for accounts of Rs. 50 crore and above.
c) Confidential reports not obtained from existing bankers.
d) Reports of Credit Information Companies not on record.
e) Reference to Central Fraud Registry not made.
f) Report from the Central Economic Intelligence Bureau (CEIB) at the time of
pre-sanction stage in respect of fund + non fund-based credit exposure of
Rs.10.00 crore and above not done.
g) Appraisal Note not on record.
h) Financials submitted by the borrower company have not been verified from
MCA Website or financials submitted by the borrower company vary with
those filed with MCA.
i) Terms and conditions in the appraisal note and terms and conditions
conveyed in sanction letter vary.
3 Pre- i. Loan Documents not printed from LOAN DOC Software.

disburseme ii. The printed documents have been found to be not filled up and certain
nt defects have been observed in documents obtained by the Bank, such as
deficiencies
1) non-signing of documents by all the concerned parties,
 documents not witnessed/ properly witnessed,
 non-affixing of the Common Seal on the documents in case of corporate
borrowers,
 non-authentication of corrections,
 non-obtaining of Board Resolution for execution of documents in case of
corporate borrowers. As per check list for respective retail products and
commercial products.
4 Pre- A) Equitable Mortgage not done properly.

disburseme B) Mutation is not completed.
nt C) Title Deeds are not in order.
deficiencies D) Charge is not created with ROC.
E) Creation of charge of Immovable Properties is not notified to concerned
Societies / Authorities / Sub-Registers Office.
F) Personal Guarantee not obtained.
G) Board Resolution for Borrowings not obtained.
H) Loan / Hypothecation Agreement not available.
I) Inter-se Agreement in respect of Consortium Advances is not on record.
J) Proof of Income of Borrower / Guarantor often not on record.
44
K) Non-encumbrance Certificates / Legal Search Report is not on record.
L) Share Certificate of Co-operative Societies in case of Flat is not taken.
M) Copy of Registration Certificate of the Vehicle is not on record.
N) Documents not held / Documents not completely / properly filled up / Seal
not affixed by the Borrowers / Stamping as per Stamp Act is inadequate.
O) Insurance Policies held without Bank Clause.
P) In few cases, documents are not vetted by Law Officers / advocate on panel.
Q) In some cases, project reports are not held on record.
R) In certain cases, of Loans against LIC policies, the policies are not assigned
in favor of the Bank.
5 Post 1) Post-sanction visits not undertaken.

sanction 2) Post-sanction visit report not on record.
visit aspects 3) Post-sanction visit report not entered in ULC => Customer Visit Report.
6 Review / 1) Delay in renewal of working capital facilities

Renewal 2) Bank has not recovered / recovered the delayed period processing fees, and
other charges on proportionate basis.
3) Non review of Term Loan.
4) Processing fees in case of Non-Fund facilities is to be recovered.
7 Stock/ Book a) Stock Statements are not correctly furnished as details of Un-paid Stock are not
Debt mentioned. Moreover, instances are observed where the Book Debt Statement
statements does not specify the aging of the Debtors.
and Stock b) Irregular submission of Stock statement,
Audit c) Stock Statements are not submitted as per proper format,
d) Irregular submission of Quarterly / Half yearly CA Certified Book debt
Statements,
e) Stock statements are not scrutinized / analyzed properly,
f) List of Sundry Creditors not submitted in some cases,
g) Old and obsolete Stock are not declared separately,
h) Mismatch of Stock as per Stock Statement and Stock as per Audited Balance
Sheet etc.
i) In some cases, analysis of Balance sheet is not properly done especially as
regards to aging analysis, diversion of funds, turn over declared, and stocks
figures shown etc.
j) Considerable delay is noticed in submission of stock and book
debt statement.
k) Scrutiny of stock / receivables statements not done regularly.
l) Basis of valuation of stock is not indicated in the stock statement.
m) In cash credit accounts, there are discrepancies in computing
drawing power viz. calculation errors found, figures are wrongly
filled; DPs are not worked out properly.
n) Regarding cash credit accounts,substantial variation in DP as per
Audited Balance Sheet/Stock statement, was noticed. DP should
be reduced and penal interest should be charged, if the variation
in DP is beyond certain limit. Alternatively, necessary
explanation should be taken from the borrower and same should
be included in credit proposal.
o) In case of Consortium advances, either drawing power should be
aligned with the consortium leader or the same should be
calculated as per sanction of our Bank.
p) Stock audit is not conducted on time and also the observations of
the same are not complied in full spirit i.e., drawing power
45
calculation if reduced is not done in the system.
q) Check list / SOP for scrutiny of stock statement not followed.
r) Observations in Stock Audit Report are not complied with.
8 Wrong data a. In new accounts opened in CBS, proper product code / ROI / Repayment Option
entry in moratorium period is not entered.
CBS b. Errors in Repayment Schedule: There are errors in repayment schedule of term
loans which result into wrong classification of account. In case of change in
tenure or Rate of Interest (ROI), revised repayment schedule should be generated
and also be communicated to the customer.
c. In case of EMI, the same is not entered correctly in the system.
d. The entire security of the consortium is fed in CBS, instead of the individual
security.
e. Security value is incorrectly fed in CBS, resulting into improper classification of
advances.
Please note that, these are the few observations
46
CHECK POINTS FOR EARLY WARNING SIGNALS IDENTIFICATION CHECK POINTS -- 1 a 1A
CHECK POINTS ON EARLY WARNING SIGNALS
Check points for the early warning signals
Account Related – Measurable:
a) a) Default in undisputed payment to the statutory bodies as declared in the Annual report.
b) Bouncing of high value cheques.
b) Frequent change in the scope of the project to be undertaken by the borrower.

c) Foreign bills remaining outstanding with the bank for a long time and tendency for bills to
remain overdue.
d) Delay observed in payment of outstanding dues.
e) Frequent invocation of BGs and devolvement of LCs.
Account Related – Others:
f) Under insured or over insured inventory.

g) Invoices devoid of TAN and other details.
h) Dispute on title of the collateral securities.
i) Funds coming from other banks to liquidate the outstanding loan amount unless in normal
course.
j) In merchanting trade, import leg not revealed to the bank.
k) Request received from the borrower to postpone the inspection of the godown for flimsy
reasons.
l) Funding of the interest by sanctioning additional facilities
m) Exclusive collateral charged to a number of lenders without NOC of existing charge
holders.
n) Concealment of certain vital documents like master agreement, insurance coverage.
o) Floating front / associate companies by investing borrowed money.
p) Critical issues highlighted in the stock audit report.
q) Liabilities appearing in ROC search report, not reported by the borrower in its annual
report.
r) Frequent request for general purpose loans.
s) Frequent ad hoc sanctions.
t) Not routing of sales proceeds through consortium / member bank / lenders to the company.
u) LCs issued for local trade / related party transactions without underlying trade transaction.
v) High value RTGS payment to unrelated parties.
w) Heavy cash withdrawal in loan accounts.
x) Non production of original bills for verification upon request.
47
Finance Related – Measurable:
y) Significant movements in inventory, disproportionately differing vis-à-vis change in the

turnover.
z) Significant movements in receivables, disproportionately differing vis-à-vis change in the
turnover and/or increase in ageing of the receivables.
aa) Disproportionate change in other current assets.
bb) Significant increase in working capital borrowing as percentage of turnover.
cc) Increase in Fixed Assets, without corresponding increase in long term sources (when
project is implemented).
dd) Increase in borrowings, despite huge cash and cash equivalents in the borrower’s balance
sheet.
ee) Frequent change in accounting period and/or accounting policies.
Finance Related – Others:
ff) Costing of the project which is in wide variance with standard cost of installation of the
project.
gg) Claims not acknowledged as debt high.
hh) Substantial increase in unbilled revenue year after year.
ii) Large number of transactions with inter-connected companies and large outstanding from
such companies.
jj) Substantial related party transactions.
kk) Material discrepancies in the annual report.
ll) Significant inconsistencies within the annual report (between various sections).
mm) Poor disclosure of materially adverse information and no qualification by the
statutory auditors.
External Factor Related:
nn) Raid by income tax / sales tax / central excise duty officials.
oo) Significant reduction in the stake of promoter / director or increase in the encumbered
shares of promoter / director.
pp) Resignation of the key personnel and frequent changes in the management.
48
BRANCH VARTAKNAGAR CONCURRENT AUDIT REPORT
FOR THE MONTH OF JUNE 2022
BRANCH PROFILE:
Classification of the Branch :VLB (Very Large Branch)
Name and Designation of Branch Manager :Mrs. Padma .P Magdum, Chief Manager
Since:14-06-2022 Present Grade: Scale - IV
BRANCH PERFORMANCE:
(To be reported every Month)
(Rupees in Lakh)
Details 31.03.2020 Previous As on last day of the month Comments
(Previous Quarter (Reasons for
Year) 31.03.2022 Budget Actual Variation large variations
(Over the (+ or – 10% to
Budget) be commented)
SB 11,852.95 13074.62 Budget not 13525.14 Not No Comments
allotted Applicable
CD 1,722.63 5274.04 Budget not 3233.76 Not No Comments
allotted Applicable
TD 17,122.79 17378.76 Budget not 17707.62 Not No Comments
allotted Applicable
Total 30,698.37 35727.42 Budget not 34466.53 Not No Comments
allotted Applicable
Advances 9,487.58 10851.77 Budget not 10747.97 Not No Comments
allotted Applicable
Profit 251.64 1615.25 Budget not 331.62 Not No Comments
allotted Applicable
Profit 1,062.29 1053.54 Budget not 278.43 Not No Comments
(Cumulative) allotted Applicable
NPA 3.17 - Budget not - Not No Comments
Recovery allotted Applicable
NPA 28.06 - Budget not 0.54 Not No Comments
Recovery allotted Applicable
(Cumulative)
SMA-0 - 1538.58 Budget not 948.33 Not No Comments
allotted Applicable
SMA-1 268.06 347.47 Budget not 2124.47 Not No Comments
allotted Applicable
SMA-2 73.92 70.47 Budget not 24.00 Not No Comments
allotted Applicable
Slippage - - - - Not No Comments
Applicable
Slippage 41.17 - - - Not No Comments
(Cumulative) Applicable
49
Previous Present Previous Present
Particulars Particulars
Quarter month Quarter month
Percentage of low / no cost 48.45% 8.36%
51.16% Cost of deposits (in %) 3.98%
deposits
CD Ratio 30.37% 31.18% Yield on advances (in %) 14.99% 7.60%
CREDIT MANAGEMENT:
Asset Classification:
(To be reported every month)

(Rupees in Lakh)
As on 31st March 2022 As on the last day of the quarter
Classification
(previous year) 30.06.2022
Standard 10416.13 10298.57
Sub – Standard 103 118.31
Doubtful 310.75 310.75
Loss 21.88 20.32

Total Advance 10851.77 10747.96
Position of NPA 435.63 449.39
Particulars Previous Quarter Present Quarter

Percentage of NPA to total advances 4.01% 4.18%
Percentage of overdue total advances 18.02% 281.18
3 NPA position during the previous year (As on 31.03. 2022):

(Rupees in Lakh)
1 Yearly Budget for recovery and upgradation Budget not allotted
2 Actual recovery (upto the current month) 0.54
3 Upgradation (upto the current month) -
4 NPA end level Budget (yearly) Budget not allotted
5 Actual (Current Month) 449.39
Details of major stressed accounts / slippages during the month and the reasons there of:
(Rupees in Lakh)
Category of the account Number of Accounts Amount
SMA-0 83 948.33
SMA-1 52 2124.47
SMA-2 6 24.00
Slippage - -
50
ANNEXURE – 1 SERIOUS IRRREGULARITY )
REPORT ON SERIOUS IRREGULARITIES, ACTUAL OR SUSPICIOUS FRAUDS
(Details of irregularities reported in earlier reports but remain to be rectified)

(Rupees in Lakh)
Name of the a/c or area where the deficiencies are Major deficiency/irregularity observed
observed by concurrent auditor
Nature of Fraud
1. Misappropriation and Criminal Breach of trust
2. Fraudulent encashment through forged instruments
Manipulation of books of accounts or through fictitious
accounts and conversion of property
3. Unauthorized credit facilities extended for reward for NONE
illegal gratification.
4. Negligence and cash shortages
5. Cheating and forgery
6. Irregularities in foreign exchange transaction
7. Other (to be specified)
Total Amount Involved NIL
Date of Occurrence NIL
Date on which detected NIL
Brief History / Modus Operandi NONE
Fraud committed by
· Internal force (Staff)
NONE
· External force (Outsiders)
· Internal & External forces (Staff & Outsiders)
For V. L. Tikmani& Associates

________________
CA Vinod L. Tikmani
Partner
51
(ANNEXURE – 2 PERSISTANT IRREGULARITY )
REPORT ON THE PERSISTING IRREGULARITIES:

(Details of irregularities reported in earlier reports but remain to be rectified)
Whether reported in Page Number Date since Brief details of irregularities & Remarks
Inspection Report / outstanding Classification of Irregularities such Whether attended /
Audit Report (also as MAJOR / OTHER not attended by the
specify date / month of branch
the report)
Concurrent Audit Report Pg. No.35-37 April-21 1. Post sanction visit aspects Not attended
(May-2022) 2. Pre-sanction visit documents
3. Post Disbursement deficiencies
Concurrent Audit Report Pg. No. 21-25 April-21 1. Data not entered in CBS Not attended
(May-2022) 2. Photo & Sign not scanned
3. Account opening forms not on
record.
Concurrent Audit Report Pg. No. 4 April-2022 Insurance register is not being updated Not attended
(May-2022) regularly
Concurrent Audit Report Pg. No. 53-54 April-2022 Stock Statement is not being received Not attended
(May-2022) on monthly basis
Concurrent Audit Report Pg.No.42 April -2022 End Use Certificate Not on Record. Not attended
(May-2022)
(ANNEXURE–3 A CASH )
VERIFICATION OF CASH
S.No PARTICULARS COMMENTS BY AUDITORS

1 Date of Verification 13-08-2022
2 Cash balance on the date of verification Rs. 11,58,548
3 Balance of Soiled notes (As per Docket) Nil
4 Cash Retention Limit of the branch Rs. 25.00 Lakhs
5 Whether Cash holding is within the Retention Limit Yes
6 Whether Till Register is maintained Yes
7 Whether Specimen Signatures of RBI officials are kept in Yes
proper custody of Branch Manager/ Authorized Officials?
8 Number of Articles under Safe Custody verified. 2
9 Whether register for safe custody articles maintained? Yes
52
(ANNEXURE – 3 BCASH )
EXCESS HOLDING OF CASH DURING THE MONTH:
(Rupees in Lakh)
Date Amount
02/06/2022 4,817,503.00
03/06/2022 4,219,183.00
04/06/2022 3,320,739.00
09/06/2022 4,407,044.00
10/06/2022 3,647,104.00
15/06/2022 2,963,737.00
16/06/2022 3,186,996.00
18/06/2022 3,019,714.00
19/06/2022 3,593,735.00
21/06/2022 3,262,165.00
22/06/2022 2,937,471.00
25/06/2022 3,465,420.00
28/06/2022 3,033,783.00
1. Cash Retention Limit of Rs. 25 Lakhs was exceeded on 13 days during the month; also, it has been
suggested to increase the Cash Retention Limit (CRL); since it has been observed that the cash balance
has crossed CRL a lot of times during the month.
(ANNEXURE – 3 C CASH )
LEVYING OF THE CASH HANDLING CHARGES BY BRANCHES:

The cash handling charges as per guidelines issued by H O planning department requires to be verified by the
concurrent auditors during the branch audit. (Rupees in Lakh)
Name of the Cash Actual Recovery Balance Staff lapses, if Reasons for non-
account Handling of Cash Handling yet to be any. recovery
charges to be charges recovered ( Name of the
debited erring staff)
Refer note as attached below
Notes :-
Ø Cash handling charges are directly deducted through CBS and there is no manual intervention in the
process by branch.
53
(ANNEXURE – 3 D CASH )
IMPLEMENTATION OF ‘CLEAN NOTE POLICY’:
CERTIFICATE
We hereby Certify that: -
1. Only unstapled, clean notes are issued to the public. Packets are secured by plastic/ paper/ Polymer bands
and adhesive stickers/ gummed labels are not used.
2. Branch is equipped with note counting machines.
3. Branch provides customer service in respect of
Meeting the demand for fresh and good quality notes and coins.
Exchanging soiled notes.
Adjudication mutilated notes (select branches)
Accepting coins and notes either for transaction or for exchange.
4. The notice is displayed at the branch for the information of public about the availability of above facilities.
5. Currency notes are examined carefully, at the entry level i.e. at the counter while accepting the cash
deposit so as to detect the counterfeit notes.
6. The laid down procedure in case of detection of counterfeit notes as mentioned in Cir.No.AX!/Cash Mgmt
dept./2019-20/786 dated 04.09.2019 has been followed scrupulously.
7. Ultra-Violate Rays machine is in working condition and the use is made for detection of forged notes at
the branches
8. Notice for the customers as under is displayed at the branch premises as per circular dt.06.08.2003.
2 Stapled note packets will not be issued /accepted.
3 Please tender currency notes at Bank’s counter in unstapled condition only.
4 Please do not write anything on currency notes especially in watermark.
5 Please check and count currency notes before leaving the counter. Any complaint in this respect
will not be entertained after leaving the counter.
9. The notes received at the branch counter are duly sorted into issuable and non-issuable notes.
10. The cashier should undertake sorting of notes before handing over the cash to head cashier at the end of
the day.
11. Posters depicting security features of new bank notes of Rs.50, 100, 200, 500, 2000 are displayed in the
branch premises for the information of public.
12. Cash Handling Charges as per Circular no. AX1/PLN/Service Charges/Cir no. 3/2019-20 dated 12/04/2019
issued by Resource Planning Department are recovered.

________________
CA Vinod L. Tikmani
Partner
54
(ANNEXURE - 4 ATM ) 7)
ATM CASH VERIFICATION FORMAT :
If the ATM is attached to the corresponding branch, your report submission is compulsory. You can
carry the verification on any dates (not necessary on the dates of audit) in consultation with the Branch
Manager and Vendor.
REPORT FOR THE MONTH OF:JUNE 2022

ATM Location/City: VARTHAK NAGAR (THANE) Branch / Parent Branch Name: VARTHAK NAGAR
(THANE)
ATM Id: WA0642C1 ON SITE /OFF SITE (tick one)
Date of Inspection: 09-03-2022 Time of Inspection: 19:00
(Time as per Admin slip) :19:08
(ATM Admin Slip MUST be initialed and attached to this report)
Name of the inspecting officials/Concurrent Auditor: Name & Signature code of the official at card cell with
V. L. Tikmani & Associates whom the balance was confirmed:
Name: Mr. Abhiraj Chache
S. No. Details No. of Notes Total Amount

1 Cash found in Rs. 100 notes cassette 962 - 96 200
2 Cash found in Rs. 200 notes cassette - - - -
3 Cash found in Rs. 500 notes cassette 3448 17 24 000
4 Cash found in Rs. 2000 notes cassette - - - -
Total Amount 18 20 200
5 Notes of Rs. 100 notes found in the retract / purge bin - - - -
7 Notes of Rs. 500 notes found in the retract / purge bin 16 - 8 000
Total Amount 18 12 200
Last Transaction Sequence No: (This has to be filled

mandatorily)
Name & Signature of Inspecting Official Name & Signature of the CIT Agency Official
Whether SWITCH balance is reconciled with ledger balance as on 09-03-2022

OR up to the last transaction no. as mentioned above (ii): Yes
If no, please provide the details:
Please note: ‘ATM counters receipts’ which includes Cash balances in various cassettes to be attached to the
report. Report without ATM admin slips will be treated as incomplete and is liable to be rejected.
CC: Zonal Head

Note: CIT Agency Official could not be connected, so the last inspection has been reported.
(ANNEXURE-5AKYC))
REPORT ON OPENING OF NEW DEPOSIT ACCOUNTS DURING THE MONTH:
55
Please ensure that, the number of new accounts opened and verified for the KYC compliance is tallied.
Particulars SB CA / CC
Number of new SB and CA/CC accounts opened during the
month 87 4
Number of SB and CA/CC accounts closed during the month

59 2
KYC for New SB accounts.
Risk
Signature
Whether obtained Classi
Scanning
ficati
Date of Whether
S. on
opening Yes/No Complete
N Name and type of Account Account No.
of
done Remarks
o. Add
Account ID
ress Yes/
Pro CIF Yes/No
Pro No
of
of
Aadhar
Mr. HANMANT DNYANU card
JAGDALE 16.06.202 402300 number
1 SB-Chq General-Pub-IND-
60386524358
2
Yes Yes
73375
No Yes
wrong
ALL punched in
CBS
Mr. KRISHNA SHANIVAR
SUTAR 16.06.202 402300
60386518107
2
Yes Yes
73614
No Yes -
ALL
Mrs. SHANTI JAGAN
VADE 16.06.202 402300
60386518141
2
Yes Yes
73591
No Yes -
ALL
Mrs. RENUKABAI
LIMABAJI GADE 17.06.202 402301
60386606694
2
Yes Yes
40367
No Yes -
ALL
Miss. ROHINI RAVINDRA
PATIL 17.06.202 402301
60386606593
2
Yes Yes
40516
No Yes -
ALL
Miss. DHANASHREE
RANGNATH LANDE 18.06.202 402301
60386717033
2
Yes Yes
83719
No Yes -
ALL
Mr. NISHAN SANTOSH
VISHE 18.06.202 402301
60386717055
2
Yes Yes
83662
No Yes -
ALL
Mrs. PARVATI
RAMAKANT PARADHI 18.06.202 402301
8 SB-ChqPENSNPub-Ind-
60386710093
2
Yes Yes
86040
No Yes -
AllINR
9 Miss. NEETA RATAN 60386708652 18.06.202 Yes Yes 402301 No Yes -
JADHAV 2 87827
56
SB-Chq General-Pub-IND-
ALL
Miss. SHITAL ANAND
BANSODE 18.06.202 402301
60386708630
2
Yes Yes
89891
No Yes -
ALL
Mrs. VANDANA SANJAY

PACHAVANE 11.06.202 402299
60386247204
2
Yes Yes
68644
No Yes -
ALL
Miss. SAKSHI BABU

PRADHAN 11.06.202 402299
60386256285
2
Yes Yes
72173
No Yes -
ALL
Mr. GANESH RAJARAM
SHIRKE 10.06.202 402299
60386174811
2
Yes Yes
39725
No Yes -
ALL
Mr. PRAVIN GANPAT
MORE 14.06.202 402300
60386357771
2
Yes Yes
13779
No Yes -
ALL
Miss. PURVA RATNAKAR Pan card
HEGISTE 14.06.202 402300 details
60386360193
2
Yes Yes
14615
No Yes
missing in
ALL CBS
Mrs. GITANJALI
YUDHBIR SINGH
17.06.202 100546
16 DADHWAL 60386570847
2
Yes Yes
64748
No Yes -
ALL
Mrs. MEENA ANANT
BHOIR 16.06.202 402300
60386518072
2
Yes Yes
93290
No Yes -
ALL
Mrs. SHILPA SITARAM
OMLE 17.06.202 402301
18 SBFIMahaBank Schlrshp
60386597611
2
Yes Yes
37412
No Yes -
Minority
Mrs. PRATIBHA
DATTARAM CHALKE 21.06.202 402302
60386900572
2
Yes Yes
98765
No Yes -
ALL
Mr. RAJU VYANKATESH
PULAGUR 16.06.202 402301
60386524392
2
Yes Yes
00276
No Yes -
ALL
Mr. AVINASH ANKUSH
BHOSALE 18.06.202 402301
60386709532
2
Yes Yes
86710
No Yes -
ALL
Mrs. YASHODA SANJAY
PAWAR 25.06.202 402304
60387256896
2
Yes Yes
89759
No Yes -
ALL
57
Mr. PRAKASH BALU
CHAVAN 23.06.202 402303
60387086898
2
Yes Yes
78797
No Yes -
ALL
Mr. TANAJI
DATTATRAYA GAGE 25.06.202 400660
60387297356
2
Yes Yes
59824
No Yes -
AllINR
Miss. SONAKSHI
Form no.60
SUBHASH MHASKAR 22.06.202 402303
25 SBFIMahaBank Schlrshp
60386986062
2
Yes Yes
37444
No Yes and 61 not
signed.
Minority
Mr. GANESH SURESH
SHARMA 22.06.202 402303
60386978448
2
Yes Yes
37466
No Yes -
ALL
Mrs. JYOTI SATISH
KHARAT 23.06.202 402303
60387051718
2
Yes Yes
78753
No Yes -
ALL
Mr. SANTOSH VASUDEV
PAWASKAR 25.06.202 402304
60387246107
2
Yes Yes
66367
No Yes -
ALL
Mrs. SIDDHI SUJESH
Signature
SAWANT 24.06.202 400519
29 SB-W/oChq-Gen-Pub-Ind-
60387214834
2
Yes Yes
98146
No NO not match
in CBS
AllINR
Mrs. PAYAL PARESH
LAD 25.06.202 402304
60387245079
2
Yes Yes
66549
No Yes -
ALL
Mr. HARSH JAYESH
BHOYE 25.06.202 402304
60387254719
2
Yes Yes
66628
No Yes -
ALL
Mrs. SANGITA MANOJ
AHIRE 22.06.202 402303
60386978426
2
Yes Yes
37524
No Yes -
ALL
Mr. HARSH SUNIL
Form no.60
SONAVALE 21.06.202 402302
33 Sav-Chq-Yuva-Pub-Ind-
60386900550
2
Yes Yes
98787
No Yes and 61 not
signed.
AllINR
Aadhar
M/s. Priyank Ashok Salekar
03.06.202 402297 card details
34 SB-Online Saving Bank 60385821704
2
Yes Yes
72209
No Yes
missing in
Account
CBS
Mrs. CHAITALI BAPUJI
SALUNKE 17.06.202 402301
60386597757
2
Yes Yes
38201
No Yes -
ALL
Mr. VIJAY HANUMANT
TUPE 17.06.202 150125
60386597702
2
Yes Yes
38999
No Yes -
AllINR
37 Mr. ASHOK SAHEBRAO 60387051219 23.06.202 Yes Yes 402303 No Yes -
SAPKAL 2 78708
58
ALL
Mrs. RAJSHREE
NISHIKANT KAMLAKAR 18.06.202 402301
60386704748
2
Yes Yes
91221
No Yes -
ALL
Mr. SACHIN ANIL
KAMBLE 21.06.202 402302
60386900527
2
Yes Yes
98324
No Yes -
ALL
Mrs. BHARATI
BHAGWAN PATEKER 22.06.202 402303
60386978404
2
Yes Yes
36348
No Yes -
ALL
Mrs. LAXMI KISAN
HIVALE 08.06.202 402298
60386025235
2
Yes Yes
62069
No Yes -
ALL
Mr. BANDU PRALHAD

HIRE 08.06.202 402298
60386025257
2
Yes Yes
57242
No Yes -
ALL
Mrs. DEVKI RAHUL

GAIKWAD 08.06.202 402298
60386021751
2
Yes Yes
57537
No Yes -
ALL
Mr. PRALHAD
MAHADEV TAPASHALE 08.06.202 402298
60386021706
2
Yes Yes
62081
No Yes -
ALL
Mrs. SAVITA ROHIDAS
JADHAV 10.06.202 402225
60386173624
2
Yes Yes
40311
No Yes -
AllINR
Mr. SURESH KRISHNA Signature,
CHAVAN 03.06.202 400973 Photos not
60385803626
2
Yes Yes
49959
No No
scanned in
ALL CBS
Aadhar
Mrs. ANKITA GAURAV card
LAKHPATI 28.06.202 402297 number
60385785673
2
Yes Yes
55987
No Yes
wrong
ALL punched in
CBS
Mrs. MIRA KAMESHWAR
DHAYJE 03.06.202 402217
60385800035
2
Yes Yes
44496
No Yes -
ALL
59
Mrs. SUDHA
MURLIDHAR SHETYE 05.06.202 402298
60385888782
2
Yes Yes
01968
No Yes -
ALL
Mrs. SAYLI SANTOSH

ARADE 05.06.202 402298
60385896770
2
Yes Yes
06003
No Yes -
ALL
Mrs. NIKITA SACHIN
DARANDALE 04.06.202 402297
60385855440
2
Yes Yes
84306
No Yes -
ALL
Mrs. SARUBAI
DHONDIRAM JADHAV 04.06.202 402297
60385856307
2
Yes Yes
87307
No Yes -
ALL
Mr. JAYESH BANSILAL
MAHALE 25.06.202 402304
60387245104
2
Yes Yes
66719
No Yes -
ALL
Mr. SAMIR BALKRISHNA
LATE 10.06.202 402299
60386174786
2
Yes Yes
39747
No Yes -
ALL
Mrs. SHITAL PRAKASH
GOLVANKAR 08.06.202 402298
60386021740
2
Yes Yes
57173
No Yes -
ALL
Note: - KYC could be checked only for above-mentioned accounts because only for above-mentioned accounts,
account opening forms were on record. 
 
1) Forms for following SB accounts were not on record: -
SL ACCOUNT
CUSTOMER NAME DESCRIPTION ACC_OPEN_DT
NO NO.
1 60386252305 MANISHA KARANDE SB-Chq General-Pub-IND-ALL 11.06.2022

2 60386261411 JYOTI KHILLARE SB-Chq General-Pub-IND-ALL 11.06.2022
3 60386532074 ARUNA KULKARNI SCSS-2004-PUB-5Y-INR 16.06.2022
4 60386633276 PUSHPA THOTE SCSS-2004-PUB-5Y-INR 17.06.2022
5 60385542641 AMITLAHOT SB-Chq General-Pub-IND-ALL 28.05.2022
6 60385606946 VaishnaviBhagwat SB-Chq General-Pub-IND-ALL 29.05.2022
7 60385677293 BhagyashriShinde SB-Chq General-Pub-IND-ALL 01.06.2022
8 60385579807 SANDEEPMISHRA SB-Online Saving Bank Accoun 29.05.2022
9 60385608138 SonaliMahamuni SB-Online Saving Bank Accoun 30.05.2022
60
10 60385589656 PADMAJADHAV SB-MahaSetu-FI-W/oCHq-Pub_In 29.05.2022
11 60385851081 CHETANKOLHE SB-Chq General-Pub-IND-ALL 04.06.2022
12 60385847100 SHUBHANGILIMAYE SCSS-2004-PUB-5Y-INR 04.06.2022
13 60385923909 SWARGIYA MANNA SB-Chq General-Pub-IND-ALL 05.06.2022
14 60385887052 AMRAPALI AHIRE SB-Chq General-Pub-IND-ALL 05.06.2022
15 60385901226 SWATI PASHTE SB-Chq General-Pub-IND-ALL 05.06.2022
16 60385964980 USHA KARANDE SB-Chq General-Pub-IND-ALL 07.06.2022
17 60385952396 SHRADDHA JADHAV SB-Chq General-Pub-IND-ALL 07.06.2022
18 60385976893 RADHA CHOUDHARI SB-Chq General-Pub-IND-ALL 07.06.2022
19 60386021784 DEVKI GAIKWAD SB-Chq General-Pub-IND-ALL 08.06.2022
20 60386183167 SHRINIWAS KULKARNI SB-Chq General-Pub-IND-ALL 10.06.2022
21 60386087485 SUNANDA SATHE SB-ChqPENSNPub-Ind-AllINR 09.06.2022
22 60385934977 SWATI SURNIS SCSS-2004-PUB-5Y-INR 05.06.2022
23 60386201520 BABAJI LONDHE SCSS-2004-PUB-5Y-INR 10.06.2022
24 60386708710 KAMAL PATIL SB-ChqPENSNPub-Ind-AllINR 18.06.2022
25 60386675386 RAJENDRA JADHAV SB-Online Saving Bank Accou 18.06.2022
26 60387051297 RUSHIKESH JADHAV SB-Chq General-Pub-IND-ALL 23.06.2022
27 60387135123 MAHESH SHINDE SB-W/oChq-Gen-Pub-Ind-AllI 24.06.2022
28 60386817775 BABU HODAVADE SCSS-2004-PUB-5Y-INR 19.06.2022
31 60386909972 SUJATA KAMBLE SCSS-2004-PUB-5Y-INR 21.06.2022
32 60386909950 SUDHA JOSHI SCSS-2004-PUB-5Y-INR 21.06.2022
Forms for the following SB accounts were on record but not entered in CBS System.
Risk
Signature
Whether obtained Classi
Scanning
ficati
Whether
S. Date of on
Account Yes/No Complete
N Name and type of Account
No.
opening of done Remarks
o. a-c Add
ID
ress Yes/
Pro CIF Yes/No
Pro No
of
of
Mr. SHRIKANT
CHANDRAKANT
6038761046 402306
1 SAWANT 30.06.2022 Yes Yes No Yes -
3 85812
SB-ChqPENSNPub-Ind-
AllINR
Mrs. NISHU SHRIPATE
JANATE 6038739477 402305
2 28.06.2022 Yes Yes No Yes -
SB-Chq General-Pub-IND- 8 57335
ALL
Mr. AJIT GAJANAN
HALDANKAR 6038739098 402305
3 28.06.2022 Yes Yes No Yes -
ALL
4 Mrs. SHAKUNTALA 6038738910 28.06.2022 Yes Yes 402305 No Yes -
SOMA NIRGUDE 1 46232
61
ALL
signature
photos not
Mr. SUDIP AJIT found in
HALDANKAR 6038759285 402306 CBS/
5 30.06.2022 Yes Yes No No
SB-Online Saving Bank 0 80234 Aadhar
Account card details
missing in
CBS
Mr. SWAPNIL VIJAY
photo not
DHUMAL 6038758000 402306
6 30.06.2022 Yes Yes No Yes scanned in
CBS
ALL
Mr. KEVAL RAMESH
SHAH 6038754237 402306
7 30.06.2022 Yes Yes No Yes -
ALL
Miss. RATNASHRI
SURESH GAIKWAD 6038752409 402306
8 29.06.2022 Yes Yes No Yes -
SB-W/oChq-Gen-Pub-Ind- 5 30645
AllINR
Miss. SHRADDHA
SURESH GAIKWAD 6038753033 402306
9 29.06.2022 Yes Yes No Yes -
SBFIMahaBank Schlrshp 7 10562
Minority
Mr. SHANTARAM
TUKARAM BELOSE 6038739381 402305
10 28.06.2022 Yes Yes No Yes -
ALL
Mr. SUHAS GOVIND
DHANAWADE 6038754301 402109
11 30.06.2022 Yes Yes No Yes -
ALL
Mr. ROHIT MAHESH
ARYA 6038739283 402305
12 28.06.2022 Yes Yes No Yes -
ALL
KYC for New CA accounts.
Date Whether obtained Sig

of natu
Y/N Risk
Sr openi re
Name & Type of A/c. No. Acc no ID Addr Classificati Remarks
No ng of Sca
pro ess CIF on
accou nne
nt of proof d
JIJAU CONST ROAD
BUILD SAVARKHAND 4019 AADHAR CARD
603857800 03/06
1 SITE EXPENSES A/C Yes Yes 8932 No Yes DETAILS WERE NOT
40 /2022
Cur-Gen-Pub-Ind- 234 FOUND IN CBS .
NonRural-INR
2 STRUCTON DESIGNS 603875625 30/06 Yes Yes 4023 No Yes AADHAR CARD
PVT LTD ADHARSHILA 86 /2022 0654 DETAILS WERE NOT
ARKINS (I) PRIVATE 850 FOUND IN CBS .
LIMITCur-Gen-Pub-Ind- NO NOMINEE WAS
NonRural-INR
62
FOUND IN THE
FORMS
AADHAR CARD
DETAILS WERE NOT
PSI ENTERPRISES 4023
603875214 29/06 FOUND IN CBS .
3 Cur-Gen-Pub-Ind- Yes Yes 0635 No Yes
69 /2022 NO NOMINEE WAS
NonRural-INR 247
FOUND IN THE
FORMS
PAN CARD AND
AADHAR CARD
MAITRI ENTERPRISES 4023 DETAILS WERE NOT
603876413 30/06
4 Cur-Gen-Pub-Ind- Yes Yes 0701 No Yes FOUND IN CBS .
56 /2022
NonRural-INR 313 NO NOMINEE WAS
FOUND IN THE
FORMS
PHOTO AND
JANKAI PATHOLOGY SIGNATURE NOT
4023
LAB 603872159 24/06 FOUND IN CBS .
5 Yes Yes 0385 No Yes
Cur-Gen-Pub-Corp- 85 /2022 AADHAR CARD
080
NonRural DETAILS WERE NOT
FOUND IN CBS.
(ANNEXURE- 5 B DEPOSITS )
KYC for existing old accounts (accounts opened prior to 31.12.2005).
IRREGULARITIES OBSERVED
Risk
Sr. Date of Whether obtained
Name and type of a/c Account No. Classificatio
No. opening of a/c Y/N
n done
Address
ID Proof CIF
Proof
No Irregularities observed
63
(ANNEXURE- 5 C KYC )
KNOW YOUR CUSTOMER (KYC) GUIDELINES IN RESPECT OF NEW DEPOSITACCOUNTS
Yes / No *
S. No. Details of Guidelines
(Please specify)
1 KYC Documents are obtained for all new and existing borrowal accounts). Yes
Latest photographs of the account holders are obtained in all cases and also duly
2 Yes
attested as per the guidelines.
Proof of customer identification such as Passport, PAN Card, Voters Identity Card,
Driving License, Identity card (subject to Bank’s satisfaction), Letter from a
recognized public, Adhar Card etc. proof of address such as Telephone bill, Letter
Yes
3 from any recognized public authority, Bank Account Pass Book / Statement,
Electricity Bill, Ration card, Letter from employer (subject to satisfaction of Bank) etc.
and Proof of Line of Activity (in case of Current Account) are obtained and preserved.
There are no ‘No
4 All ‘No Frill’ accounts are properly introduced.
Frill Accounts”
5 Introducer’s accounts are more than six months old and satisfactory NA
The fact of having introduced the account is got confirmed by sending letter of thanks
6 to the introducer, in case he / she has not signed introducer’s col. in the account No such cases
opening form, in the presence of the branch officials.
Branch is meticulously obtaining PAN Number or F-60 / 61. Yes
Subject to
7 remarks
( List of Accounts, where PAN Number is not taken be given separately
in KYC checked
table
New accounts are opened only after obtaining all the details / prescribed documents
(Name of Trustees, Beneficiaries and Signatories, Name and addresses of founder(s),
Managers/Directors and the beneficiaries, Certificate of Registration if registered,
Resolution of the Managing Body of the Association / Foundations, Trust Deed / Bye
8 Yes
Law in the case of Trust / Association / Foundations / Society and Certificate of
incorporation, Memorandum of Association and Articles of Association, Resolution of
the Board of Directors to open the account and identification of those who have
authority to operate the account etc. in the case of Limited Company).
9 Multiple accounts of the same individuals are linked to one CIF only. Yes
Branch is familiarized with Risk Perception (RIP) and all customers are categorized as
10 Yes
LOW, MEDIUM and HIGH.
No such
Are there instances of large transaction in newly opened accounts which need constant
11 transactions
vigil?
observed
12 Whether Inward Remittances are commensurate to level of operations Yes
Any abnormal operations are observed in SB / Current accounts (including in- No such cases
13
operative accounts) and Cash Credit Accounts observed
14 Whether any overdraft is allowed in Current / Saving Bank Account No
In the case of existing accounts where KYC could not be complied with, are these
15 Yes
accounts blocked as per Head Office instructions.
16 The operational staff members are sensitized to the requirements of KYC guidelines. Yes
ECS / Standing Instructions obtained for repayment of monthly instalment in respect
17 Yes
of Term Loans
In the case of existing accounts where KYC could not be complied with, are these
18 Yes
accounts are blocked as per Head Office instructions.
19 Declaration from staff members as per RBI directive for paying interest above the No such case
64
prescribed rate is obtained
No, in few cases
20 Nomination is obtained and properly recorded nomination has
not been obtained.
Age proof is obtained in the case of deposits in the name of senior citizens (In case of
21 Yes
extra interest paid)
Applicable rate of interest in case of premature / renewal / closure of fixed deposits /
22 Yes
overdue deposits is applied
23 All deposits including Overdue Deposit Account is balanced every month. Yes
Repayment of deposit is by account credit / account payee banker’s cheque / draft
24 where the amount of such deposit repayable together with interest if any, is in excess No Such Cases
of Rs.20000/-.
Applicable tax has been deducted at source as per guidelines in force and remitted to Yes
25
the Income Tax authorities immediately without any delay. (Centralized)
All debits to Inoperative accounts are passed by the Branch Manager / Official in II
26 Yes
line
The accounts which remain inoperative for five years and above are transferred to
27 Yes
Head Office ‘Unclaimed Balances Account’ and the branch keeps record for the same
All Passbooks received for updation are updated promptly and returned to the
28 Yes
customers.
29 Undelivered Pass Books are kept under custody of Officer. NA
In the case of accounts opened under Foreign Contribution Remittances Act (FCRA)
NA
(FEX Branches)
a. Whether the depositor has obtained permission from Ministry of Home Affairs and
30 (No Such Cases)
copy of the same is kept on records
b. No remittances other than Inward Remittances are credited to the account
c. Whether relative statement is submitted to RBI every half year by the branch
While opening new current accounts, whether declaration regarding current account
31 Yes
with other Banks is obtained as per RBI guidelines.
(ANNEXURE- 5 D DEPOSITS )
ABNORMAL TRANSACTIONS NOTICED IN NEWLY OPENED ACCOUNTS:
Number of Accounts Checked:
S. Type of A/c &

Name of the Account Holder Irregularities Noticed Remarks
No. A/c No.
No such transactions were observed
ANNEXURE -6 A NOMINAL ACCOUNTS
65
MONITORING OF INTERNAL OFFICE AND NOMINAL ACCOUNTS
a) a) Whether any office / non customer account was opened under overdraft/advances/deposits inflating
CASA or advances? If Yes, Give details of transactions which resulted in inflating CASA / Advances.
Dat Account Nature of Particulars of Amount Adjustment Whether Remarks

e No. transaction transaction of such entry permission of ZO
Debit or for opening
Credit account is obtained
(Yes / No)
No Such Accounts were opened
b) Account-wise outstanding balance in the above accounts as on the date of audit, together with status of
reconciliation. If not reconciled date since when it is unreconciled.
2 a) Whether any office / current account with title such as “BOM” / “Bank of Maharashtra” / Office account /
Parking account / Tax Collection account / RTGS, NEFT / Adjustment account etc. (including with the name of
the Branch or otherwise) or any unusual name is opened which is used as PARKING ACCOUNT inthe
Branch? (Accounts linked with CIF opened with examples cited or with unusual title).
b) Whether the office / current accounts, opened as above, used for routing customers’ transactions including
cash transactions for purpose other than the one for which account is opened as per ZO permission / HO
guidelines? Provide details for 2a & 2b in the table below.
Date Account No. Title of Account Nature of transaction Amount Remarks
NIL
b) Whether the balance in such current accounts opened in the nature of internal office accounts are being
made zero at EOD or as stipulated by ZO/HO? If no, give details as under.
Date Account Title of Account Date on which the Balance Remarks
No. Balance is not made outstanding at
zero at EOD EOD
NIL
c) Whether any Government business transaction is routed through any adjustment/ settlement account
opened in the name of Government officers instead of the designated account (adjustment and
settlement account)? If Yes, Give details as under.
Date Account Nomenclatur Govt Particulars of Balance Remarks
66
No. e of Account department transaction Debit or outstanding
concerned Credit mount
NIL
d) Whether any cash deposits of customer accounts are routed through any Internal/ Office account viz.
non-customer current account, sundry creditors etc., to accommodate customer avoiding CTR/STR
rules? If Yes, Give details as under.
Date Account Name of -Internal Nature of Amount Remarks

No. customer office /nominal transaction
account used
NIL
6 a) Whether any debit or credit entry in internal office account has been passed to upgrade NPA account or to
save any account from becoming NPA and whether there is any further reversal thereof?
b) Whether any debit entry has been passed in any Other Liability head including sundry creditors and
credited to any No lien account viz.current account/ internal office account and subsequently credited to
customer’s account by debiting such No lien account?
c) Whether any debit has been passed in any Other Liability head including sundry creditors and credited to
Tax collections account (an internal office account) and subsequently credited to customer’s account by
debiting such Tax collections account?
If the answer is Yes in above 6a), 6b), 6c), give details as under.
Date Account Name of Internal office Particulars of Reversal of entry Remarks
No. borrower /nominal account transaction Debit made on------------
used or Credit
NIL
7. Whether any loan account has been observed where repayment schedule in the system is changed without
having sanction for restructure in this regard?If Yes, Give details as under.
Date Account Name Original Changed Competent Outstanding Remarks
No. of repayment repayment authority for balance of
borrow schedule schedule sanction account
er
NIL
67
8. Whether any dummy/contra entry is passed in order to show turnover in the cash credit / loan account or to
keep/ show the account as standard? If Yes, Give details as under.
Date Account No. Name Nature of Second leg of Status of Status of account
of entry such entry(debit) account after passing dummy
borro made before entry
wer (credit) passing
dummy entry
NIL
9. Whether any disbursement in new loan account has been made and transferred the same to any existing loan
account of the borrower or related to such customer under the group concept, to keep the account as
standard/avoiding NPA classification? If Yes, Give details as under.
Date Name of Existing loan New loan account Amount Remarks

borrower account number number transferred
NIL
10. Whether any new loan account of existing customer/borrower has been opened and disbursement of the
same is routed through any liability/internal office account in order to close existing account by way of
recovery/compromise/settlement/write-off? If Yes, Give details as under.
Date Name of New loan Disbursement routed Existing loan Amount Remarks
borrower account through internal/ office account number in transferred
number account (account which such entry is
number and title) routed
NIL
11. Whether any reversal entry in any loan account was passed in correction mode in order to keep the account
as standard or to save the account from becoming NPA? (Auditor is advised to see Audit log report for
verification of the same). If Yes, Give details as under.
Date Account No. Nature of entry made Second leg of such Amount Remarks
(credit) entry(debit)
NIL
12. Whether any unusual debit/credit transaction has been observed in internal office/nominal account or
Govt.busines account? If Yes, Give details as under.
Date Account Nature of Irregularity Date of Amount Remarks

No. transaction observed adjustment
NIL
68
13. Whether internal office accounts and inter bank accounts are reconciled by the branch? If NO give details
of unreconciled accounts along with the details of the entries unreconciled. Give details as under.
Date Account No. Title of the Last Reconciled Present Balance Unreconciled Remark
Un-reconciled date Entries’ total s
Account
NIL
14. Whether you have observed any unusual suspicious debit transaction in sundry creditors account? If Yes,
Give details as under.
Date Account No. Nature of Second leg Reason for debiting Remarks
entry made of such entry sundry creditor account
(debit) (credit)
NIL
15. Whether any unusual debit/credit transaction has been observed in internal office/nominal account or
Govt.busines account? If Yes, Give details as under.
Date Account Nature of Irregularity Date of Amount Remarks
No. transaction observed adjustment
NIL
ANNEXURE 6B NOMINAL ACCOUNTS14

LONG OUTSTANDING ENTRIES (MORE THAN 3 MONTHS)UNDER NOMINAL ACCOUNTS
(C2C, Inland Remittance, Sundry Debtors, BP and Other Assets, CHR, Trickle Feed Account, OLRR, Multiple
Remittances, Technical Contra, CGL Suspense Account, Cash Correction Account, Bills Payable, Sundry
Creditors, Liabilities Others, CHP)
GL Head Date of Entry Amount Particulars Reasons for Non reconciliation.
Sundry Debtors 17/07/2012 1,43,160.00 92701006423 MSEB Deposit
ANNEXTURE 6 C NOMINAL ACCOUNTS
LONG OUTSTANDING ENTRIES (LESS THAN 3 MONTHS) UNDER NOMINAL ACCOUNTS
69
(C2C, Inland Remittance, Sundry Debtors, BP and Other Assets, CHR, Trickle Feed Account, OLRR, Multiple
Remittances, Technical Contra, CGL Suspense Account, Cash Correction Account, Bills Payable, Sundry
Creditors, Liabilities Others, CHP)
GL Head Date of Amount Particulars Reasons for Non

Entry reconciliation.
SUNDRY 29-06-2022 12,800 95601006425
CREDITORS
Sundry Debtors 23-06-2022 1,000 92851006420
Interest on 25-06-2022 5,931.00 96741006427
Advances
Interest on 20-04-2022 40,321.00 96741006427
Advances
(ANNEXURE –6D NOMINAL ACCOUNTS )
REMARKS ONTHE OPERATIONS UNDER NOMINAL ACCOUNTS –
Yes / No*
S. No. Particulars
(Please specify)
1 All entries made in the above GL heads represent genuine transactions with authenticity. Yes
Debits to Funds Transfer Account are permitted transactions as per guidelines / Book of
2 Yes
Instruction.
All vouchers relating to Sundry Creditors Account / any other Office Account are passed by
3 Yes
Branch Manager and the vouchers are countersigned by another supervising official.
Sufficient reasons are given, justifying the delay in adjusting the entries for large amounts Yes. In case of
4
outstanding in the above GL heads. few entries
No. As per
The Bankers Cheque outstanding for three years or more are transferred to Head Office
5 ANNEXURE 6
‘Unclaimed Balances Account’ and the branch keeps record for the same.
B
6 Full particulars are narrated in the system in respect of all the entries in the nominal heads. Yes
The branch has obtained prior approval of Head Office in respect of the entries which are
7 Yes
outstanding for more one month in the books.
(ANNEXURE –7 OTHER BANKS

ACCOUNT)
ACCOUNTS WITH OTHER BANKS:
S. No PARTICULARS COMMENTS BY AUDITORS

1 Balance with Other Banks
2 Retention limit for the balance with other bank/s
Whether the balance is within the Retention Limit on
3
the date of verification NOT APPLICABLE
4 When the balance was last reconciled.
Is there any entry pending for reconciliation for more
5
than one month.
List of entries pending for Reconciliation for more than one month
(Rupees in Lakh)
70
Date Amount Date Amount
NOT APPLICABLE
NAME OF THE BANK:
Yes / No *
S.No. Particulars
(Please specify)
The account is periodically reconciled with the statement and a proper record of
1
reconciliation is maintained by the branch.
2 Certificate of Balance from the bank is obtained half yearly.
Scrutinize the Bank Statement with particular reference to entries for large amounts
3
remaining unadjusted for a long period.
4 Balance maintained in the account is within the normal requirements of the branch.
The statement of accounts received from the bank has been verified and confirms that
5
the authorized officials carry out the operations in the account. NOT
6 Interest rates for such lending / borrowing are checked and found correct. APPLICABLE
DD for Rs. 50000/- and above are issued only by debit to customer’s account or
7 against cheques or other instruments tendered by the purchaser and not against cash
payment
Payment of DD for Rs. 50000/- and above is credited to the account maintained by the
8
beneficiary and not paid in cash.
9 DDs issued / paid have been verified and found in order.
10 Bank’s guidelines are being followed for cancellation / issuance of duplicate DD
ANNEXURE – 8 BALANACING OF BOOKS )

BALANCING OF BOOKS:
Yes / No *
S. No. Particulars (Please
specify)
All the heads of accounts (except the accounts listed below) are tallied with the General Yes
1
Ledger Balances. All Accounts
are maintained
in the system
2 Maintenance and balancing of accounts, ledgers and registers are proper.
individually /
group wise
The following Books / Registers are not tallied with GL
Name of the GL Balance as per Balance as per Last tallied on Reason for not
Head CGL BGL / Balance tallying
Book
Not Applicable – Since all Accounts are maintained in the system individually /group wise.
71
COMMENTS BY AUDITORS REGARDING MONITORING OF BALANCING REASONS FOR DIFFERENCE AND
REPORTS:
ACCOUNT COMMENTS BY AUDITORS
(ANNEXURE - 9 BRANCH ADMINISTRATION )
Branch administration on computer environment:
Yes / No*
S. No. Particulars
(Please specify)
1 Whether all the recommended printouts are being taken at the recommended intervals NA
2 Whether all the GL Heads are tallied? Yes
3 Whether all user in the system are STAFF members as per Attendance Register? Yes
Whether closure of accounts is done properly? (After bringing the balance to Zero, the
4 Yes
account is to be closed by going to Master Modification option)
No
5 Whether the signatures are scanned and attached regularly for all the accounts?
Delay of a Week
6 Whether all the cashiers sign the cash scrolls at the end of the day? Yes
7 Whether all the vouchers are signed by authorized officials? Yes
8 Whether Physical Cash / BGL / CGL cash tallied? Yes
9 Whether Cash correction register is maintained? Yes
9 Whether EVVR are checked regularly? Yes
10 Whether Exception reports are verified and authenticated by Branch Head? Yes
No
Whether TOD balances in SB / CD / CC are printed Weekly and sent to ZO for
11 On Monthly
confirmation?
Basis
12 Latest Anti-Virus definition is updated in all the PCs Yes
13 UPS & Batteries are in working condition. Yes
Each transaction voucher is marked with Journal No. & initiated by the operator and bears
14 Yes
the signature of the Supervisor
15 All the transactions of Non-Home branches are duly checked by Branch Officials Yes
16 Capability levels defined in the system are in tune with the USER designations. Yes
Proper User-id is given to the operators. No duplicate or impersonal user id exists.
17 Yes
Ensure that no unauthorized users exists / logged into the system
All-important CBS intermediary accounts such as – Multiple Remittance, OLRR, Technical
Contra, Trickle Feed Difference Account, RTGS Suspense / Rejection Account, CGL /
18 Yes
BGL Cash etc. are monitored on daily basis and ensured for early rectification and ‘ZERO’
balance is maintained.
(ANNEXURE –10ANEW ADVANCES SANCTIONS)
SUMMARY OF ADVANCES SANCTIONED / DISBURSED DURING THE MONTH –
72
Sanctioned Disbursed
Particulars Amount*
Number of Number of
Amount* (Rupees in lakhs) (Rupees in
borrowers borrowers
lakhs)
Loans / Advances granted
under branch discretion 24 110.67 21 97.06
during the month
Loans / Advances granted by
1 3.5 1 3.5
ZO / HO during the month
Loans / Advances reviewed
by Branch / ZO / HO during 9 52.25 - -
the month
* Both fund and non-fund based limits.

**Please ensure that, all the accounts sanctioned during the months (Annexure 10 A) must be included in
Annexure 10 B (Details of advances sanctioned / disbursed during the month.
73
(ANNEXURE – 10 B NEW ADVANCES SANCTIONS)
DETAILS OFADVANCES SANCTIONED / DISBURSED DURING THE MONTH **–
Note: All fresh and enhancement of limits are to be reported (Renewal of limits need not be reported)
The discrepancies / irregularities / non-observance of terms and conditions noticed in the accounts granted
during the month, are furnished below:
(Amount in Lakhs)
Date of Sanctionin
Type of Name of the Drawing Outstandin Irregularitie
advanc g Limit
advance Borrower Power g s observed
e authority
TLMAHA-MSE APARNA SANCTION

19-06- DOCUMENTS
CGT<=25L_Ne RANJIT HO 3,50,000.00 3,50,000.00 3,50,144.50 NOT FOUND
2022
w BHOSALE
CC-MAHA-
APARNA NO CBS
19-06- MSE
RANJIT BM 1,50,000.00 1,50,000.00 297.00 DATA
2022 CGT<=25L_Ne
BHOSALE
w
RAJU SANCTION
02-06- CC LAD OWN DOCUMENTS
UTTAMRAO BM 50,000.00 50,000.00 50,278.00 NOT FOUND
2022 DEP 2%
SHELAR
1.
Insurance
documents
not found
2.
SHANKAR PURPOSE
30-06- MAHA SUPER
MARUTI BM 7,50,000.00 7,50,000.00 7,50,156.00 WAS TO BUY
2022 CAR LN 2015
MHASKE HYUNDAI
VENUE BUT
BROUGHT
ERTIGA
EMI As per
Documents-
MAHA BNK KUNAL Rs. 5800/-
10-06-
GOLD LN RAMDAS BM 1,29,000.00 1,29,000.00 1,29,546.00 and As per
2022
RETAIL MHAPADI CBS-Rs.
5797/-
Interest rate
MOHAN as per
25-06- MAHABK
RAMCHANDR BM 5,00,000.00 5,00,000.00 5,00,699.00 sanction
2022 PERSONAL LN Documents:
A SHIRKE
11.4%,
74
Interest rate
as per CBS:
8.5%
MAHA BNK YOGESH

10-06-
GOLD LN BHGWAN BM 4,62,000.00 4,62,000.00 4,63,954.00 -
2022
RETAIL GAWADE
MAHA BNK
10-06- DIPA YOGESH
GOLD LN BM 4,66,000.00 4,66,000.00 4,67,971.00 -
2022 GAWADE
RETAIL
MAHA BNK PRAKASH SANCTION

24-06- 20,00,000.0 20,00,000.0 DOCUMENTS
GOLD LN PRABHAKAR BM - NOT FOUND
2022 0 0
RETAIL PRABHU
Equity
MAHA BNK PRAKASH mortgage
24-06- done/charge
GOLD LN PRABHAKAR BM 5,00,000.00 5,00,000.00 5,00,705.00 document
2022
RETAIL PRABHU not found
Equity
24-06- done/charge
2022
MAHA BNK
10-06- DIPA YOGESH
GOLD LN BM 4,21,000.00 4,21,000.00 4,22,781.00 -
2022 GAWADE
RETAIL
Primary
MAHA BNK Security not
23-06- KANCHAN
GOLD LN BM 5,00,000.00 5,00,000.00 5,00,806.00 entered in
2022 ATUL YADAV CBS
RETAIL
Equity
24-06- done/charge
2022
MANJUBAI
19-06- MAHABANK
HIRALAL BM 1,73,000.00 1,73,000.00 1,73,572.00 -
2022 ADHAR -RLLR
RATHOD
75
HANUMANT SANCTION
18-06- MAHABANK DOCUMENTS
ARJUN BM 4,00,000.00 4,00,000.00 4,01,432.00 NOT FOUND
2022 ADHAR -RLLR
SHINDE
MAHA BNK
10-06- DIPA YOGESH
GOLD LN BM 4,63,000.00 4,63,000.00 4,64,958.00 -
2022 GAWADE
RETAIL
1.EMI As per
Documents-
11300/- As
per CBS-
ANISH 11233/-
MAHA BNK 2.
08-06- CHANDRAKAN
GOLD LN BM 2,50,000.00 2,50,000.00 2,51,158.00 Equity
2022 T
RETAIL mortgage
DHANKUTKAR
done/charge
document
not found
1.
EMI As per
Documents-
13500/- As
per CBS-
MAHA BNK VISHWANATH 13480/-
14-06-
GOLD LN SHIVRAM BM 3,00,000.00 3,00,000.00 3,01,027.00 2.
2022
RETAIL DAINE Equity
mortgage
done/charge
document
not found
Equity
24-06- done/charge
2022
10-06- MAHA BNK YOGESH BM 4,37,000.00 4,37,000.00 4,38,848.00 1.

2022 GOLD LN BHGWAN AS PER
RETAIL GAWADE SANCTION
DOCUMENT
S:
PROCESSING
CHGS:
500+GST
AS PER CBS:
NIL
76
2.
Equity
mortgage
done/charge
document
not found
SADANAND SANCTION
22-06- MAHABANK DOCUMENTS
KUNJAPPA BM 1,40,000.00 1,40,000.00 1,40,310.00 NOT FOUND
2022 ADHAR -RLLR
SANIL
NO CBS
23-06- CC LAD OWN PRAFULLA M
BM 8,20,000.00 8,20,000.00 5,16,649.00 DATA
2022 DEP 2% POPHALE
ASHA
19-10- CC LAD OWN
MOTIRAM BM 1,56,457.00 1,56,457.00 1,57,725.00 -
2020 DEP 2%
DUDHANE
MAHA BNK PRAKASH

24-06-
GOLD LN PRABHAKAR BM 5,00,000.00 5,00,000.00 5,00,705.00 -
2022
RETAIL PRABHU
77
(ANNEXURE – 10 C NEW ADVANCES SANCTIONS
Monthly Statement of NON Compliance Irregulaities only
Name of the borrower Credit facilities Wheth Wheth Whethe Whethe Wheth Whether In case of
sanctioned er pre- er r r er prescribed consortiu
sancti docum Compli CERS Vettin up-front fee m
on ents ance of AI g of / accounts
inspec printed terms Registr Docum processing whether
tion of throug and ation ents by charges joint
the h conditi /ROC Law recovered? documen
Unit LOAN ons Registr Officer (Amount tation
and DOC vetted ation / Panel recovered and
mortg Syste by the done? Advoc towards security
aged m and neighb Date is ate in these creation
proper Verifie oring to be eligibl charges is is done
ties is d? branch? mentio e loan to be and
done? netc. accoun mentioned) when? If
ts is not the
done? reason
for that.
RAJU UTTAMRAO CC LAD OWN DEP 2% Not NA NA NA NA NIL NA

SHELAR Found
PRAFULLA M POPHALE CC LAD OWN DEP 2% Not NA NA NA NA NIL NA
Found
ASHA MOTIRAM CC LAD OWN DEP 2% Not NA NA NA NA NIL NA
DUDHANE Found
APARNA RANJIT CC-MAHA-MSE Yes NA NA 08-07- NA Documenta NA
BHOSALE CGT<=25L_New 2022 tion
charges
1250+225(
GST)
KUNAL RAMDAS MAHA BNK GOLD LN NA Yes NA Not NA PROCESSI NA
MHAPADI RETAIL Found NG CHGS:
500+90(GS
T)
YOGESH BHGWAN MAHA BNK GOLD LN NA Yes NA Not NA PROCESSI NA
GAWADE RETAIL Found NG CHGS:
500+90(GS
T)
DIPA YOGESH GAWADE MAHA BNK GOLD LN NA Yes NA 09-07- NA PROCESSIN NA
RETAIL 2022 G FEES:
500+90
CORRESPO
NDING
FEES:
500+90
PRAKASH PRABHAKAR MAHA BNK GOLD LN NA Yes NA 09-07- NA PROCESSI NA
PRABHU RETAIL 2022 NG CHGS:
500+90(GS
T)
PRAKASH PRABHAKAR MAHA BNK GOLD LN NA Yes NA Not NA PROCESSI NA
PRABHU RETAIL Found NG CHGS:
500+90(GS
T)
PRAKASH PRABHAKAR MAHA BNK GOLD LN NA Yes NA Not NA PROCESSIN NA
PRABHU RETAIL Found G CHGS:
78
500+90(GS
T)
RETAIL 2022 G FEES:
500+90
CORRESPO
NDING
FEES:
500+90
KANCHAN ATUL YADAV MAHA BNK GOLD LN NA Yes NA Not NA PROCESSIN NA
RETAIL Found G CHGS:
500+90(GS
T)
PRAKASH PRABHAKAR MAHA BNK GOLD LN NA Yes NA Not NA PROCESSIN NA
PRABHU RETAIL Found G CHGS:
500+90(GS
T)
RETAIL 2022 G FEES:
500+90
CORRESPO
NDING
FEES:
500+90
ANISH MAHA BNK GOLD LN NA Yes NA Not NA PROCESSIN NA
CHANDRAKANT RETAIL Found G FEES:
DHANKUTKAR 500+90
CORRESPO
NDING
FEES:
500+90
VISHWANATH MAHA BNK GOLD LN NA Yes NA Not NA PROCESSIN NA
SHIVRAM DAINE RETAIL Found G CHGS:
500+90(GS
T)
PRAKASH MAHA BNK GOLD LN NA Yes NA Not NA PROCESSIN NA
PRABHAKAR RETAIL Found G CHGS:
PRABHU 500+90(GS
T)
YOGESH BHGWAN MAHA BNK GOLD LN NA Yes NA 09-07- NA NIL NA
GAWADE RETAIL 2022
PRAKASH MAHA BNK GOLD LN NA Yes NA Not NA PROCESSIN NA

PRABHAKAR RETAIL Found G CHGS:
PRABHU 500+90(GS
T)
SHANKAR MARUTI MAHA SUPER CAR Yes Yes NA NO NA PROCESSI NA
MHASKE LN 2015 NG CHGS
:
1500+270
GST
CIBIL
CHGS:
100+18GS
T
79
MANJUBAI HIRALAL MAHABANK ADHAR Not Not NA Not Not Not Found NA
RATHOD -RLLR Found Found Found Found
HANUMANT ARJUN MAHABANK ADHAR Not Not NA Not Not Not Found NA
SHINDE -RLLR Found Found Found Found
SADANAND MAHABANK ADHAR Not Not NA Not Not Not Found NA

KUNJAPPA SANIL -RLLR Found Found Found Found
MOHAN MAHABK PERSONAL NA Yes NA NA NA NA NA

RAMCHANDRA LN
SHIRKE
APARNA RANJIT TLMAHA-MSE Not Not NA Not Not Not Found NA

BHOSALE CGT<=25L_New Found Found Found Found
(ANNEXURE – 10 D NEW ADVANCES SANCTIONS
OTHER IMPORTANT OBSERVATIONS ABOUT LOANS SANCTIOINED DURING THE MONTH
Yes / No *
S. No. Particulars
(Please specify)
All types of loans and advances (including staff loan) granted and LC, BG
1 issued during the month have been verified. It is confirmed from P/L com. on
LC/BG also Yes
Power exercised by the branch is within the branch discretion (In the case of
2
loans / advances under branch power). Yes
Appraisal note is prepared with all relevant details of the accounts and no
3
concealment or suppression of adverse features has been noticed. Yes
Legal Opinion obtained is in the prescribed format and all the original title deeds
4 are held as mentioned in the legal opinion (In case of loans above Rs. 50.00 lakh
documents are vetted from Advocate on Bank’s panel/Law officer) Refer Annexure 10 B
Registered memorandum of deposit of title deeds has been done in all cases,
5 wherever applicable. The mortgage is registered with CERSAI and copy of Refer Annexure 10 B
registration is on record.
All loans granted during the month have been reported to ZO in the prescribed
6
returns. Refer Annexure 25
80
7 All terms and conditions as per sanction have been complied with. Yes
8 Branch is maintaining Loan Application INWARD Register Not Maintained
9 Loan applications are put through Credit Proposal Tracking System Yes
Disposal of loan applications are within stipulated period depending upon the
10 category of the applicant such as Govt. Sponsored Scheme, SSI, Export, Small
Loan etc. Yes
11 Whether Loan Documentation Module is implemented in the Branch? Yes
Whether Documents are generated through this Software for all the facilities
12
sanctioned during the month (If ‘NO’ give specific reasons for the same) Yes
13 Whether Documents are duly filled in, signed and complete? Yes
Branch is following guidelines scrupulously while considering take over accounts
14
from other banks / multiple banking arrangements. Yes
Transactions in Cash Credit / Packing Credit accounts are verified and they
15
represent genuine trade transactions. NA
Letters of consent for disclosure of information to CIBIL (CAL A & C) are Refer Annexure 10 B
16
obtained from borrower/s and guarantor/s in all cases.
End use has been ensured in TL accounts by payment made directly to suppliers
for machinery / Permission of Sanctioning authority held for reimbursement of
17
payment already made by borrower and Commercial Invoices for the transactions
are held. Refer Annexure 10 F
All proposals are routed through Credit Approval Grid formed at ZO Level, for
18
sanction. Yes
Activity Code verified as per the Sanction Letter and found correct.
[If Activity Code is not mentioned in the Sanction Letter or Activity Code in
19
CBS is not matching with the Activity Code mentioned in the sanction letter it Activity Code is not mentioned
should be pointed out under “DEFICIENCIES OBSERVED”] on Sanction Letter.
Account opened in CBS in respect of Term Loans is checked as per the terms of
sanction i.e. Rate of Interest, Term of Repayment and Repayment option viz.
EMI/PED is verified and found correct. Repayment schedule for
20
principal/interest is generated with correct date.
Deficiencies, if any , are to be pointed out under “DEFICIENCIES Yes
OBSERVED” Subject to 11 A
Rate of Interest is verified and found correct in Cash Credit Accounts.
21 Deficiencies, if any , are to be pointed out under “DEFICIENCIES
OBSERVED” Yes
In case of Consortium Advance, the Concurrent Auditor should verify that the
22 Branch has done pre sanction due diligence for our own purpose and it is not Consortium Advances have not
merely depending upon the due diligence of the Consortium leader. been issued by the branch.
CREDIT RISK RATING:
Credit Risk rating for all facilities of above Rs. 2.00 lakhs is done.
23
External rating from Credit Agencies like CRISIL or ICRA etc. is obtained for
advances Rs. 5.00 Crores and above Yes
In case of documents under LC: Whether documents received under LC are
24 properly scrutinized before making payments in case of sight LC and before No new LC have been issued
conveying acceptance in respect of due date bill. in the month of June 2022
ANNEXURE – 10 E NEW ADVANCES SANCTIONS
81
CERTIFICATE OF COMPLIANCE
This is to certify that we have verified all the borrowal accounts in the Varthak Nagar branch and it is found that –
Correct interest is applied to all the accounts (as per sanction),
Applicable processing fees are charged to the accounts wherever applicable;
Information in the front office is entered properly as per sanction terms;
The interest rate fixed / floating is correctly entered in the front office.
Interest reset dates are observed and penal interest wherever applicable is charged to the accounts.
History of changes made in interest rates every month is verified and confirm the changes are proper

________________
CA Vinod L. Tikmani
Partner
82
(ANNEXURE – 10 F NEW ADVANCES SANCTIONS
END USE VERIFIED CERTIFICATE
This is to certify that all the advances sanctioned and disbursed during the month of June 2022 by Vartaknagar branch
are utilized by the borrower/s for the purpose for which the funds are lent and are not diverted for repaying the debts
with other entities, except in the following cases:
(Rupees in Lakh)
Date of
S Name of the Nature of Amount Details of
Account no sanction /
No borrower facility sanctioned misutilization
Enhancement
NIL
For Bank of Maharashtra For V. L. Tikmani& Associates

Chief Manager,
Varthaknagar Thane.
________________
CA Vinod L. Tikmani
Partner
(ANNEXURE –11A EXISTING LARGE BORROWERS )
83
REMARKS ON THE LARGE BORROWAL ACCOUNTS:
(All accounts with cumulative fund and non-fund based limit of Rs. 25.00 lakh and above are to be covered in
six months)
List of accounts covered during the month –
1. SHREE VAISHNAVI ENTERPRISES

2. Mr. MOHAN SHANKARRAO KHOPADE
3. Mr. NACHIKET M CHODANKAR
4. Mr. TARUN SATYENDRA GOYAL
5. Mr. MAYUR KESHAV PEDNEKAR
6. Mr. PRASHANT PRABHAKAR DHEKANE
7. Mr. SUSHIL VITHAL PAWASKAR
8. Mr. NARESH HARKHA PATEL
9. Miss. PRIYANKA PRAKASH PRABHU
1. SHREE VAISHNAVI ENTERPRISES

(Rupees in Lakh)
S.
Name of the
No Type of Advance Limit O/s balance Remarks
Borrower
.
Latest financials
not on record.
TL-TRADE&SER-MSE-PRI- SHREE VAISHNAVI
a 2500000.00 67,73,983.00 Latest reviewal
PRO ENTERPRISES
documents not
found.
2. Mr. MOHAN SHANKARRAO KHOPADE
(Rupees in Lakh)
S.
Name of the
Borrower
.
Mr. MOHAN Latest reviewal
HSG MAHASUP PRI- 2931000.00
a SHANKARRAO 22,05,272.00 documents not
U&METRO
KHOPADE found.
3. Mr. NACHIKET M CHODANKAR
(Rupees in Lakh)
S.
Name of the
Borrower
.
HSG MAHASUP PRI- Mr. NACHIKET M Latest Insurance
a CHODANKAR
2500000.00 10,82,679.00
documents not
U&METRO
84
on record.
Latest reviewal
documents not
found.
4. Mr. TARUN SATYENDRA GOYAL
(Rupees in Lakh)
S.
Name of the
Borrower
.
Latest Insurance
documents not
Mr. TARUN
HSG MAHASUP NONPR- on record.
a SATYENDRA 2600000.00 20,79,918.00
SEMI-U Latest reviewal
GOYAL
documents not
found.
5. Mr. MAYUR KESHAV PEDNEKAR
(Rupees in Lakh)
S.
Name of the
Borrower
.
Latest Insurance
documents not
HSG MAHASUP PRI- Mr. MAYUR on record.
a KESHAV PEDNEKAR
2595000.00 18,96,247.36
Latest reviewal
U&METRO
documents not
found.
6. Mr. PRASHANT PRABHAKAR DHEKANE
(Rupees in Lakh)
S.
Name of the
Borrower
.
Mr. PRASHANT Latest reviewal
HSG MAHASUP NON-PR
a PRABHAKAR 9750000.00 67,73,983.00 documents not
U&ME
DHEKANE found.
7. Mr. SUSHIL VITHAL PAWASKAR.
85
(Rupees in Lakh)
S.
Name of the
Borrower
.
Latest reviewal
HSG MAHASUP NON-PR Mr. SUSHIL VITHAL
a PAWASKAR
6500000.00 54,95,526.00 documents not
U&ME
found.
(Rupees in Lakh)
S.
Name of the
Borrower
.
HSG MAHASUP NON-PR Mr. NARESH
a HARKHA PATEL
2545000.00 23,32,207.78 -
U&ME
9. Miss. PRIYANKA PRAKASH PRABHU
(Rupees in Lakh)
S.
Name of the
Borrower
.
Latest Insurance
EDU LN-ABRD-NON PRI- Miss. PRIYANKA
a PRAKASH PRABHU
4500000.00 43,49,429.00 documents not
MCLR
on record.
(Rupees in Lakh)
S.
Name of the
Borrower
.
HSG MAHASUP NON-PR Mr. NARESH Latest financials
a 3600000.00 34,22,007.82
U&ME HARKHA PATEL not on record.
Note: Due to the pandemic situation checking and remarks on existing large borrowers will be done in the
succeeding month.
–
86
1. Total number of borrowal accounts with total fund-based limit of Rs.25.00 Lakh and above: 138
2. Total number of accounts covered during the month so far: 79
3. Total number of accounts remained to covered till date: 59
i) The concurrent auditors should verify that the Activity code is as per the Sanction letter. If Activity Code is not
mentioned in the Sanction Letter or Activity Code in CBS is not matching with the Activity Code mentioned in the
sanction letter it should be pointed out under “DEFICIENCIES OBSERVED “.
Observations of Concurrent Auditor on item no (i) above:

ii) Account opened in CBS in respect of Term Loans is checked as per the terms of sanction i.e. Rate of Interest,
Term of Repayment and Repayment option viz. EMI/PED is verified and found correct. Repayment schedule for
principal/interest is generated with correct date. Rate of Interest is verified and found correct in Cash Credit Accounts
Deficiencies, if any, are to be pointed out under “DEFICIENCIES OBSERVED” in the said Annexure.
Observations of Concurrent Auditor on item no (ii) above:
(ANNEXURE – 11 B EXISTING LARGE BORROWERS )
Verification of Security documents of Top 50 NPA Accounts in Doubtful category of the Branch
(4 each in every month)
S. No Account No Name of Account Limit Sanctioned Balance as Primary Collateral

on security security
__________ value Value
Reported in Annexure 38
87
(ANNEXURE –12 ADVANCES)
VERIFICATION OF CBS DATA OF LOAN ACCOUNT OPENED DURING THE MONTH – JUNE 2022
As Circular No.AX1/INSPT-2/Con.Audit/2011 dated 21.11.2011 issued by Inspection Department & Circular
No.AX1/Cr.Mon/Cir No.13/2015-16 dated 18.11.2015 issued by Credit Monitoring Department, H.O. the loan
account for Rs.10.00 lakhs and above opened in CBS system will be verified by the Concurrent Auditor where the
branches under Concurrent Audit and certificate from the Concurrent Auditor will be obtained. The correctness of
data input in CBS system will be certified as under:
1. PRAKASH PRABHAKAR PRABHU
CBS A/c No:- 60387177334 opened on:- 24-06-2022
S. As per CBS
Particulars of loan accounts As per sanction Remarks of Auditor
No. data
1 Sanction Amount 2000000
Sanctioning Authority BM
Date of Sanction 24-Jun-21
MAHA BNK
2 Types of Facility (CC/TL/BG/LC etc) GOLD LN
RETAIL
3 Product Code 68123428

4 Rate of interest -
Charges -
i) Processing fees
ii) Sanction -
As discussed in
Documentation Charges Documents not
ANNEXURE 10 B
iii) found -
Cibil Charges
Repayment mode (EMI/installment + intt./

5 bullet payment / in case renewal within one
year etc)
-
First Installment date (after moratorium -
6
period)
88
-
7 Repayment period in months
-
Total loan period (tenure) in months (including
8
moratorium period)
-
Security Details a) Primary
b) Collaterals
-
Security Value a) Primary
10
b) Collateral
-
Date of Charge creation i.e. Lien/ Assignment/
11
Hypothecation/ Mortgage etc
-
12 Date of CERSAI
-
13 Date of ROC creation
-
14 Insurance coverage,
15 CGTMSE Coverage -
-
Whether the priority sector classification is

16
correct or not?
89
This is to certify that the data inputs in above mentioned accounts are verified by us and the same is as per sanction
except difference / deviation from sanctioned as mentioned in remark column.
Note: The above mentioned Loan Account Documents are not maintained by Branch, hence could not be verified.
For Bank of Maharashtra For V. L. Tikmani& Associates

Chief Manager,
Varthaknagar Thane.
________________
CA Vinod L. Tikmani
Partner
90
(ANNEXURE – 13 ADVANCES)
SUBMISSION OF STOCK / BOOK DEBTS STATEMENT –
Yes / No *
S. No. Particulars
(Please specify)
Yes
Stock Statements are received in time with all columns filled up and signed by the Subject to
1
authorized signatories and reflect healthy movement of stocks ‘Annexure’ as
attached below’
2 Branch is maintaining Drawing Power Register up to date. Yes
3 Drawing Power is updated in CBS Yes
4 Penal interest is charged for delayed / non-submission of stock statement. No
Branch has calculated and arrived at the drawing power, after deducting Sundry Creditors,
5 Yes
margin, Outstanding in A&E (if any), etc. as per instructions in force
Book debts outstanding for more than the stipulated period / Unmatured hire charges in No such cases
6
the case of H. P. Finance are excluded while arriving DP. observed
Book Debts Statement duly certified by Auditor of the company certifying the balance
7 sheet is submitted once in a quarter in all cases, wherever applicable and penal interest is Yes
levied if the certificate is not produced within one month.
8 DP is advised monthly by Leader Bank in consortium advances NA*
Bank’s share of DP has been correctly arrived at, in respect of borrowers enjoying
9 NA*
facilities from multiple Banks
Branch is monthly exchanging information on the position of accounts in consortium /
10 NA*
multiple Bank advance
Note: Penal Interest is not being recovered by the branch on late submission/non submission.
Annexure
Sr.
Account name Account No.
No.
1 Areis Electronics 20054502894
2 Polygrip Rubber Products 20054503003
3 Water Waste Managements 60305816448
4 Kubera Timbers 20054503047
5 P S Pharma 20054503092
6 Rane Industries 60138317812
7 Shree Swami Samarth 20054502838
8 Sat Industries 60048408360
9 Three S Colors 20054502952
10 Devichand Rawal 60230755098
11 Abhay Palande 60230641105
12 Samarth Enterprise 60239051366
13 Amol Jadhav 60232246705
14 Charma Shilpa 60244878264
15 Kamble Foot Wear 60235308567
16 Pioneer Foundation 60246421433
17 Roy Security Services 60111455355
91
18 Raj Industries 60137731472
19 Jayashree Garments 60256125545
20 Eye Care Optics 60240360325
21 Surendra Jadhav 60230769055
22 Shree Ganesh Enterprises 60106943711
23 Gurukrupa Fabricators 60245921662
24 Kiran Pharma 60191166583
25 Pathare Constructions 60256081209
26 Precious Enterprise 60273678283
27 Sanjay Kolekar 60230641740
28 Rajshree Y Kambale 60230642455
29 Chaitanya Enterprises 60137638893
30 Advance Cleaning Systems 60285828011
31 DSS Security Services 60278592661
32 Subham Samarth Enterprises 60300065437
33 Om Sai Enterprises 60134231008
34 Nimbus Enterprises 60301809671
35 Gaurav Beer Shop 60312050847
36 Deep Enterprises 60312172390
37 P G Enterprises 60296777435
38 Prabha Autotech 60346739803
39 Gypsum Plast 60353530483
40 AUTOSTRINGS PVT LTD 60383268330
92
(ANNEXURE – 14 ADVANCES )
PARTICULARS OF INSURANCE
Yes / No *
S.No. Particulars (Please
specify)
1 Insurance Register is maintained upto date. NO
Insurance coverage with Bank Clause (except for the accounts listed below) is available
2 Yes
and adequate, to cover all securities (prime and collateral).
Insurance coverage is not available / expired / inadequate for the following accounts.
SL. NAME OF THE BORROWER INSURANCE COVER FOR WHETHER INSURANCE NOT
NO. STOCK/BUILDING/MACHINER AVAILABLE/EXPIRED/INADEQUA
Y, ETC. TE
2 Mr. SAMBHAJI SHANKAR KAMBLE - NOT AVAILABLE

3 ADVANCED CLEANING SYSTEMS BUILDING EXPIRED
4 JAN MEDICAL AND GENERAL Stocks EXPIRED
STORES
5 MANISHA ENTERPRISES Stocks EXPIRED
Mr. MAINUDDIN AHMED SAHIKH - NOT AVAILABLE
(ANNEXURE –15 ADVANCES )

REVIEW / RENEWAL OF BORROWAL ACCOUNTS:
(To be reported every quarter ending March, June, September and December)
Yes / No *
specify)
Review /Renewal date entered in CBS is supported by Regular Review/Renewal Note/
No
Short Review, Review-Renewal charges with penal charges @1% or 2% as per HO
1 Refer table
guidelines are recovered wherever applicable. If there is any deficiency in the respect it
attached below.
should be reported in “ DEFICIENCIES OBSERVED
Branch is obtaining latest Audited Balance Sheet while renewing the limit (Latest
2 Audited Balance Sheet is to be submitted by the borrower compulsorily, where the Yes
credit limit is above Rs. 25.00 Lakh).
CreditRisk ratingsystem for all credit facilities of above Rs.2.00 lakh and Risk
Yes, in few
3 Assessment Model for industrial borrowal accounts with fund based limits of Rs.1
cases.
Crore and above, are followed.
Short Reviews are done with the sanction / confirmation of sanctioning authority and
4 Yes
not resorted to more than once in between two regular sanctions.
93
(ANNEXURE –16 A TOD / EOD
OVERDRAFTS IN CURRENT ACCOUNTS / SAVINGS BANK ACCOUNTS ALLOWED DURING THE

MONTH
Temporary overdrafts granted and remaining unadjusted as on the last day of the month :
(Rupees in Lakh)
Name of the Date of Outstandin Maximum Frequency Reasons for non-adjustment
Account TOD g Amount TOD allowed / Remarks
Current Account
Savings Bank NIL
Account
Yes / No *
S.No. Particulars (please
specify)
1 Documents relating to all TOD accounts have been verified and are in force. NIL
2 Interest is charged to all TOD accounts at the applicable rate. NIL
Granting of overdrafts are confined to constituents who render remunerative business to NIL
3
the bank.
4 TODs have been adjusted in the normal course of business NIL
TODs have not been granted to group accounts of Proprietor / Partners / Directors / NIL
5
Guarantors
Tendency to close TODs before the end of month and granting afresh in the next month NIL
6
is not observed.
Weekly return of Temporary Overdraft granted is submitted promptly by the branch to NIL
7
ZONAL Office.
8 Whether any intraday overdrawing were noticed without proper reasoning NIL
(ANNEXURE -16 B OVERDRAFT DUE TO CLEARING )
OVERDRAFTS IN CURRENT ACCOUNTS / SAVINGS BANK/CC ACCOUNTS AGAINST CLEARING: –
Temporary overdrafts granted and remaining unadjusted as on the last day of the month:
(Rupees in Lakh)
Name of the Account A/c No. Date Allowed Limit Balance as on Reasons for Whether
month end Overdraft Recurring
No such transactions observed during the course of Audit (Refer Note attached below)
Note:-Branch has not provided any Overdraft Facility to Current/Savings/CC Account holders against Clearing.
94
(ANNEXURE -16 C OVERDRAFT IN CASH CREDIT ACCOUNTS )
OVERDRAFTS IN CASH CREDIT ACCOUNTS –
The excess allowed and outstanding in Cash Credit, Packing Credit, Bill purchased / discounted, Letter of Credit and
Letter of Guarantee as on the last day of the month are to be reported.
[Other than NPA, Irregular accounts and excess due to debit of monthly interest]
(Rupees in lakh)
Name of Type Amount ZO/HO
Sanctionin Date of Frequenc
the of Limit D.P. O/S of confirmatio
g Authority Excess y
Account facility Excess n
NIL
(ANNEXURE-16 D OVERDUE OVERDRAFTS IN CC AND TL )
IRREGULAR OVERDUE ACCOUNTS - CC AND TERM LOANS OUTSTANDING IN THE ACCOUNT
Irregular Cash Credit Accounts (Irregularity more than Rs.10.00 lakh) and Overdue Term Loan Accounts (overdue by
one instalment and above / more than one month interest) :
(Rupees in lakh)
Name of the Sanctionin Limit D.P. (as of O/S OD / since Irregularities observed
Borrower g _______)
Authority
a) Irregular Cash Credit Accounts :
NIL
b) Overdue Term Loan Accounts :
Refer Annexure As Attached Below
Annexure
Sr. Account Amount Outstanding

Type of Account CIF Name of Customer
No. Number Sanctioned Amount
HSG MAHASUP PARAKASH AMRUT

1 NON-PR U&MET
10003492121 60362081866
PATIL
5575000 5447595
95
MAHA SUPER PRAVIN ROBERT
2 CAR LN 2015
10041099586 60360007305
KALKUMBE
49000 43725
VEH LN CAR PRAVIN ROBERT

3 OFFCR 06-04-11
10041099586 60359990671
KALKUMBE
1000000 941111
HSG LN
PRAVIN ROBERT
4 OFFICERS06-04- 10041099586 60320143867
KALKUMBE
5300000 5518641
2011
HSG MAHASUP PRAVIN ROBERT

5 NON-PR U&MET
10041099586 60364565153
KALKUMBE
497000 462975
KAUSHALYA
DL-LOAN
6 AGNST DEP-PU
10054501635 60308355595 SURESHBABU 180000 90856
MALGE
TL-SME-
SHIVAJI GUND
7 RTBE,PSE-UPTO- 10054507999 60348257535
MAHADEO
50000 37478
25LA
CHANDRAKANT
HSG MAHASUP
8 PRI-U&METRO
10054556302 20054545942 KHUSHALRAO 550000 390902.61
PATIL
NEW
JAGDISH BALVANT
9 MAHATOPUP 10054557022 60370801783
MALI
2000000 1913027
OTH NON PRI
TLMAHA-MSE RAJESH APPA

10 CGT<=25L_New
10054569059 60301600646
CHAVAN
728000 747087.8
HSG MAHASUP SACHIN SURESH

11 PRI-U&METRO
10054578905 60363895285
BHARATI
1580000 1540576
96
WATER AND
GECL (MSME)- WASTE
12 COVID19
10054581930 60357387289
MANAGEMENT
3100000 3148414
SYSTEM
WATER AND
STL-
WASTE
13 MCROSMAL- 10054581930 60355742872
MANAGEMENT
1700000 540231
ADOC-COVIDI9
SYSTEM
FUNDED
POLYGRIP RUBBER
14 INT.TERM 10054582515 60383765636
PRODUCTS PVT LTD
304261 309976
LOAN-RLLR
GECL (MSME)- POLYGRIP RUBBER

15 COVID19
10054582515 60358175091
PRODUCTS PVT LTD
546000 538074.94
TLSMAL ENT-
POLYGRIP RUBBER
16 WCTL- 10054582515 60383767156
PRODUCTS PVT LTD
3362004 3433689
RLLR<=25L
DL LAD OWN WAMAN SHANKAR

17 DEP 2%
10054637747 60333796540
CHAUDHARI
300000 143768
MAHA BNK
VIJAY MAHAVIR
18 GOLD LN 10054671697 60387713355
DHAKOLIA
105000 105000
RETAIL
DL-LOAN ASHOK SHANKAR

19 AGNST DEP-PU
10054813102 60310663345
JADHAV
300000 183179
97
SHRIMATI
DL-LOAN
20 AGNST DEP-PU
10054835375 60299997979 SHRIDHAR 300000 193351
WARANG
SHRIMATI
DL-LOAN
21 AGNST DEP-PU
10054835375 60281315489 SHRIDHAR 600000 619105
WARANG
GECL (MSME)- SHRIKANT RAMESH

22 COVID19
10179519824 60358645729
LOKHANDE
70000 69372
TLMAHA-MSE SHRIKANT RAMESH

23 CGT<=25L_New
10179519824 60295135477
LOKHANDE
372000 47527.12
HSG LN
TEJASHREE VIRAJ
24 OFFICERS06-04- 15006577561 60352830625
SHINDE
5000000 5056563.26
2011
HSG MAHASUP TEJASHREE VIRAJ

25 NON-PR U&MET
15006577561 60352833820
SHINDE
2500000 2154630.74
MAHA BNK PRIYA

26 GOLD LN 15012538569 60366114540 NANDKISHORE 400000 404689
RETAIL PATIL
HARIOM SINGH
HSG MAHASUP
27 PRIO-SEMI U
15014110554 60300797619 PRALHADSINGH 1000000 600466
CHAVAN
98
TL-SME-
VIJAY M
28 RTBE,PSE-UPTO- 15018839774 60321238159
DHAKOLIYA
200000 179495.31
25LA
GECL (MSME)- VIJAY M

29 COVID19
15018839774 60358639996
DHAKOLIYA
36000 34785
HSG MAHASUP KRISHNAPRASAD

30 NON-PR U&MET
15032581872 60305007866
NARAYAN MENON
5500000 6134234
TL-SME-
RAHUL NAMDEO
31 RTBE,PSE-UPTO- 15055042038 60329442076
INGLE
50000 54752.86
25LA
SANDIP
32 PM-SVANidhi 15055690884 60368700665 SHANTARAM 10000 2627.87
BANSODE
TLMAHA-MSE MAHENDRA
33 CGT<=25L_New
15081221877 60302350274
GANPAT RAHATE
143000 116418.43
TL-SME-
RANI SHAKTI
34 RTBE,PSE-UPTO- 15084645623 60331136824
WALMIKI
50000 50059.52
25LA
NEW
PRAKASH KESHAV
35 MAHATOPUP 15091243378 60344467580
YADAV
1000000 985515
OTH NON PRI
TL- LN Agnst PRAKASH KESHAV

36 Property RET
15091243378 60344467727
YADAV
3200000 3407602
99
HSG MAHASUP PRAKASH KESHAV
37 NON-PR U&MET
15091243378 60344467488
YADAV
2000000 2143626.5
DEVENDRA
HSG MAHASUP
38 PRI-U&METRO
40011132051 60177953136 DATTARAM 3360000 3322027.1
DHANAWADE
MARUTI
TLMAHA-MSE
39 CGT<=25L_New
40013445494 60297078141 PANDURANG 155000 157048
KOKARE
TLMAHA-MSE PANCHSHILA
40 CGT<=25L_New
40032358697 60347248883
KAKASAHEB DERE
100000 101156
HSG MAHASUP DEEPALI PRADEEP

41 NON-PR U&MET
40032650158 60368505609
SARMALKAR
1000000 985236
HSG LN
DEEPALI PRADEEP
42 OFFICERS06-04- 40032650158 60368491924
SARMALKAR
5000000 5076668
2011
NEW
43 MAHATOPUP 40050219989 60376639859 PRAKASH DESALE 500000 489868
OTH NON PRI
HSG MAHASUP
44 NON-PR U&MET
40050219989 60376554487 PRAKASH DESALE 2426000 2398099
MAHABANK SUJATA SUNIL

45 ADHAR -RLLR
40051033302 60368835388
MAHADIK
300000 269252
RASIKA ANIL
46 PM-SVANidhi 40065108252 60374367568
CHAUDHARI
10000 5331.33
100
HSG MAHASUP NARESH HARKHA
47 NON-PR U&MET
40065784117 60250788609
PATEL
3600000 3401352.82
HSG MAHASUP NARESH HARKHA

48 NON-PR U&MET
40065784117 60283801227
PATEL
2545000 2318128.78
NEW
NARESH HARKHA
49 MAHATOPUP 40065784117 60283983668
PATEL
1500000 1292367.81
OTH NON PRI
MAHABANK VITHOBA
50 ADHAR -RLLR
40071627633 60357136744
PANDURANG TUPE
250000 214533
HSG FESTI PRIO JAIPRAKASH

51 - RURAL
40076374345 60132949359
MUNILAL SINGH
507000 454687
SHUBHANGI
EDU LOAN-IND-
52 PRIORTY-MCLR
40091810498 60290856222 JANARDHAN 255000 292392
GHONGE
TLMAHA-MSE NILESH PRALHAD

53 CGT<=25L_New
40093850268 60203009416
TAYADE
225000 61710
TLMAHA-MSE VRUSHALI DEEPAK

54 CGT<=25L_New
40095579269 60317782651
KAMBLE
200000 200090.31
HSG MAHASUP VISHAL LAXMAN

55 NON-PR U&MET
40098475745 60162151786
KAMBLE
1400000 1247920
NEW
VISHAL LAXMAN
56 MAHATOPUP 40098475745 60315125541
KAMBLE
486000 479157
OTH NON PRI
101
MAHABANK SADANAND
57 ADHAR -RLLR
40098568039 60386945741
KUNJAPPA SANIL
140000 140310
HSG MAHASUP SHARAD BALARAM

58 PRI-U&METRO
40100858842 60166718968
MAHADIK
1620000 1534969
DL LAD OWN SANGITA SANJAY

59 DEP 2%
40101533786 60334561186
PATIL
100000 62854
DL-LOAN SANGITA SANJAY

60 AGNST DEP-PU
40101533786 60316856069
PATIL
150000 55983
TL-SME-
NAVNEET
61 CGTMSE- 40101878507 60168879707
PITAMBAR SHINDE
155000 49750
UPTO50LC
DHANPAL
62 PM-SVANidhi 40125514097 60366347360
MAHADEO DIXIT
10000 3070.95
SAVITA SANTOSH
63 PM-SVANidhi 40126637314 60368702652
SAPATE
10000 3313.02
DEEPAK
64 PM-SVANidhi 40126641183 60367547142 SURYAKANT 10000 3243.13
UGHADE
MAHA BNK
SUBHASH POPAT
65 GOLD LN 40131742388 60366925014
RATHOD
200000 201260
RETAIL
TL-SME- LITTLE CHAMP

66 RTBE,PSE-UPTO- 40147423089 60361414877 NURSERY PRE 200000 171642.16
25LA SCHOOL
102
HSG MAHASUP JITENDRA UTTAM
67 PRI-U&METRO
40155298273 60254403286
MANGALE
1200000 1119696
VIRENDRA
TLMAHA-MSE
68 CGT<=25L_New
40155395129 60251339095 KAMLAKAR 50000 5612
CHOUDHARI
NATHURAM
DL LAD OWN
69 DEP 2%
40165472398 60324329962 SHANTARAM 200000 58943
PAWAR
TLMAHA-MSE
70 CGT<=25L_New
40183197566 60312135993 DEEP ENTERPRISES 500000 415519.31
TL-MSE-WCTL>
71 25LAC MCLR
40183197566 60383556441 DEEP ENTERPRISES 400000 370123
FUNDED
72 INT.TERM 40183197566 60383563345 DEEP ENTERPRISES 86820 88455
LOAN-RLLR
FUNDED
73 INT.TERM 40183197566 60383563899 DEEP ENTERPRISES 88971 90646
LOAN-RLLR
TL-SME-
AASHA
74 RTBE,PSE-UPTO- 40197506433 60325813091
ENTERPRISE
2137500 1699382.78
25LA
MAHA BNK
SUSHMA DINESH
75 GOLD LN 40202245020 60381926619
DANI
198000 199151
RETAIL
GECL (MSME)- SIDDHART

76 COVID19
40202695461 60359243472
NATURAL STONE
96000 92598
EDU LOAN-IND- NITESH DEVIDAS

77 PRIORTY-MCLR
40205533461 60341189944
LOKHANDE
398000 217200
103
HSG MAHASUP NILESH BALARAM
78 NON-PR U&MET
40210924673 60360884424
MAHADIK
2500000 2430864
MANISHA
HSG MAHASUP
79 NON-PR U&MET
40215377465 60375377326 CHANDRA KISHOR 4973000 4960661
SINGH
EDU-LN- C -
TANMAY MANOJ
80 MAHA- 40216119389 60367675276
PIMPLE
1000000 106470
SCHOLAR
HSG MAHASUP SANDIP PIRAJI

81 NON-PR U&MET
40218660203 60364572035
PATIL
4379000 4294157
MAHA SUPER ABHISHEK BHARAT

82 CAR LN 2015
40224218245 60375424823
GHARAT
950000 894715
HSG MAHASUP VIJAY SUDAM

83 NON-PR U&MET
40224995312 60376636199
JADHAV
5000000 5004662
SHREE SWAMI
GECL (MSME)-
84 COVID19
10054582333 60359095679 SAMARTHA 131000 133665
ENTERPRISES
SHREE SWAMI
CCMAHA-MSE
85 CGT-NC<=25L
10054582333 20054502838 SAMARTHA 650000 650795.45
ENTERPRISES
AREIS ELECTRONIC
TLMAHAMSME
86 NCGT-PL>25L
10054582399 60326755581 INDUSTRIES PVT 8600000 7731751.26
LTD
AREIS ELECTRONIC
TLMAHAMSME
87 NCGT-PL>25L
10054582399 60326757758 INDUSTRIES PVT 5200000 4270398.12
LTD
104
AREIS ELECTRONIC
GECL (MSME)-
88 COVID19
10054582399 60358442967 INDUSTRIES PVT 9800000 9817700
LTD
AREIS ELECTRONIC
TLMAHAMSME
89 NCGT-PL>25L
10054582399 60303108970 INDUSTRIES PVT 11600000 9126047.12
LTD
STL- AREIS ELECTRONIC

90 MCROSMAL- 10054582399 60356208804 INDUSTRIES PVT 1200000 132000
ADOC-COVIDI9 LTD
AREIS ELECTRONIC
TLMAHAMSME
91 NCGT-EQ>25L
10054582399 60303107807 INDUSTRIES PVT 11000000 7430738.96
LTD
AREIS ELECTRONIC
TLMAHAMSME
92 NCGT-EQ>25L
10054582399 60384096504 INDUSTRIES PVT 10000000 871500
LTD
AREIS ELECTRONIC
TLMAHAMSME
93 NCGT-PL>25L
10054582399 60338803779 INDUSTRIES PVT 7200000 5669182.14
LTD
CC-MAHAMSME AREIS ELECTRONIC

94 GST CREDIT 10054582399 20054502894 INDUSTRIES PVT 18800000 16836249.04
SCHEME LTD
HSG MAHASUP SUNANDA DIWANJI

95 PRI-U&METRO
10054623008 20054545817
PATIL
1000000 90760.09
NEW
SUNANDA DIWANJI
96 MAHATOPUP 10054623008 60321296484
PATIL
1600000 1503567
OTH NON PRI
MAHABANK
BHARAT BALIRAM
97 ADHAR SCHM- 15003309005 60302518547
SONAWALE
200000 71592
MCLR
105
MAHABANK RAJAN MARUTI
98 ADHAR -RLLR
15009366546 60372551219
VAIDYA
300000 286540
HSG MAHASUP JAIRAM BHIKU

99 PRI-U&METRO
15018566409 60099895216
RAGHAV
719000 362852
PERSONAL
JAIRAM BHIKU
100 LOAN - COVID 15018566409 60360616261
RAGHAV
200000 153581
19
ANIL JANARDAN
101 PM-SVANidhi 15055291074 60366693434
WANKHEDE
10000 4311.79
SB-Chq General-
102 Pub-IND-ALL
15074512300 68022859382 RAHUL APPA PATIL 0 153.13
SB-Chq General- VAIBHAV SURESH

103 Pub-IND-ALL
15078097773 68024370457
ISHTE
0 20.34
PERSONAL
PRASHANT ANANT
104 LOAN - COVID 40015163552 60355830622
RANE
300000 219519
19
HSG MAHASUP PRASHANT ANANT

105 PRI-U&METRO
40015163552 60032051337
RANE
2250000 1579101.04
HSG MAHASUP NANASAHEB

106 PRI-U&METRO
40041058148 60236268566
RAMDAS BHOSALE
1300000 1481052
GECL (MSME)-
107 COVID19
40059017893 60359344356 RAJ INDUSTRIES 113000 115190
106
CC-MAHA-MSE
108 CGT<=25L_New
40059017893 60137731472 RAJ INDUSTRIES 570000 574653.4
EDU LOAN-IND- SURAJKUMAR AJAY

109 PRIORTY-BASE
40064289759 60119559661
PATEL
365000 398299.15
SUMAN ASHOK
110 PM-SVANidhi 40066918992 60368698872
AHIRE
10000 4309.02
SUDHAKAR
EDU LOAN-IND-
111 PRIORTY-RLLR
40074275824 60130173625 RAGHUNATH 242000 190880.88
DAHIWALKAR
TLMAHAMSME KISHOR PRATAP

112 NCGT<=10L_New 40102258470 60247444165
RATHOR
50000 4704
GECL (MSME)- PATHARE

113 COVID19
40110699899 60359110973
CONSTRUCTION
221000 224063.62
CC-MAHA-MSE PATHARE
114 CGT<=25L_New
40110699899 60256081209
CONSTRUCTION
1100000 1065954.24
TLMAHA-MSE APPA TRIYAMBAK

115 CGT<=25L_New
40122885088 60243066321
MHASKE
170000 11392.23
RANJANA ARJUN
116 PM-SVANidhi 40127078238 60377673673
KORADE
10000 7419.95
107
GECL (MSME)-
117 COVID19
40150556579 60359133526 J K ENGINEERING 428000 393528.98
CC-MAHA-MSE
118 CGT<=25L_New
40150556579 60338696303 J K ENGINEERING 2000000 1569923.36
TL-SME-
119 RTBE,PSE-UPTO- 40150556579 60338696187 J K ENGINEERING 1725000 1712148.66
25LA
HSG MAHASUP RADHIKA

120 NON-PR U&MET
40151497523 60291289411
RAJENDRA PHATAK
5000000 5150378
GECL (MSME)-
121 COVID19
40152074038 60358804699 STEEL TREAT 184000 174444
TLMAHA-MSE
122 CGT-PL> 50L
40152074038 60319554134 STEEL TREAT 4700000 163330.36
CC-MAHA-MSE
123 CGT<=25L_New
40152074038 60261301898 STEEL TREAT 200000 201776.17
USHA VITHAL
124 PM-SVANidhi 40156327645 60368408527
CHAVAN
10000 3540.08
MAHABANK
MEERA HARI
125 ADHAR SCHM- 40156738804 60283294374
SOUDE
270000 112142
MCLR
108
RAJENDRA
HSG MAHASUP
126 NON-PR U&MET
40165398822 60287741976 YADUNATH 6000000 6185696.62
PHATAK
TLMAHA-MSE
127 CGT<=25L_New
40190028280 60309951314 ATC HOLIDAYS 595000 660612.67
JIJAU
CC-GENERAL-
CONSTRUCTIONS
128 MEDIUM-OVER 40198932234 60350354420
ROAD BUILDER PVT
90000000 94130298.58
25LAKH
LTD
JIJAU
GUA EMER
CONSTRUCTIONS
129 CREDIT LINE 40198932234 60377326391
ROAD BUILDER PVT
18000000 17999410
GECL
LTD
SB-Chq General- SNEHA VIJAY

130 Pub-IND-ALL
40202583755 60335337426
GOLATKAR
0 3.09
SB-Chq General- KISHOR SUKHDEO

131 Pub-IND-ALL
40211152741 60349025159
SHINAGARE
0 21.57
SUNIL SHESHERAO
132 PM-SVANidhi 40222764749 60373584947
SALVE
10000 5334.8
HSG MAHASUP PRIYANKA SAMIR

133 NON-PR U&MET
40224824889 60376239136
PANDYA
9256000 9257185
SHAILESH
HSG MAHASUP
134 PRI-U&METRO
40225102726 60382178887 SHRIRANG 2700000 2720179
CHIKANE
MAHA SUPER VIHANG RAJENDRA

135 CAR LN 2015
40226012230 60379015929
PHATAK
1000000 987672
SURENDRA
HSG MAHASUP
136 PRI-U&METRO
10054649425 60052484017 RAGHUNATH 251000 39423.01
PAGARE
109
SURENDRA
TLMAHA-MSE
137 CGT<=25L_New
10054649425 60199968523 RAGHUNATH 465000 186820.42
PAGARE
NEW SURENDRA
138 MAHATOPUP 10054649425 60297107527 RAGHUNATH 125000 36518.78
OTH NON PRI PAGARE
NEW
VIJAY BHAGWAN
139 MAHATOPUP 40068328480 60321364296
RAIKAR
700000 700648
OTH NON PRI
HSG MAHASUP VIJAY BHAGWAN

140 PRI-U&METRO
40068328480 60123748585
RAIKAR
1500000 889932
MAHA BNK LALJEE

141 GOLD LN 40215548321 60383058898 BALESHWAR 536000 547219
RETAIL VISHWAKARMA
Yes / No *
S. No. Particulars
(Please specify)
Not very
1 Whether excess is allowed against un-cleared effects very frequently
frequently
Branch has obtained prior oral / permission from ZO / HO and the same is generally Yes on weekly
2
indicated in Excess Report in respect of excess allowed. basis
3 Excess is fully covered by prime security / D.P. Yes
Yes, wherever
4 Whether Documents are obtained for overdraft sanctioned.
applicable
5 Additional interest charged for the excess allowed. Yes
6 Excess granted does not exceed 10% of the sanctioned limit. NA
Adverse features pointed out in the accounts in RBI / External Auditors / Internal
7 Yes
Inspectors have been rectified.
The excess report is submitted to ZO in and confirmation held for the excess allowed /
8 Yes
Reported to ZO in Weekly return.
9 Whether any intraday overdrawing were noticed without proper reasoning. No
(ANNEXURE -17 SHORT TERM LOANS )

SHORT TERM LOAN GRANTED, IF ANY:
(The ad-hoc allowed in Cash Credit, Packing Credit, and Bill purchased / discounted, Letter of Credit, Letter of
Guarantee and outstanding as on the last day of the month,are to be reported)
(Rupees in Lakh)
110
D.P.
Name of Type
Sanctioning (as of O/ Date of Amount ZO/CO Frequen
the of Limit
Authority ____ S Adhoc of Adhoc confirmation cy
Account facility
_)
a) Ad-hoc allowed under Branch Powers :
NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL
b) Ad-hoc allowed beyond Branch Powers : (Report only ad-hoc allowed but not reported by the
branch / not confirmed by ZO / HO)
Yes / No *
S.No. Auditors Observations on the overall advances portfolio
(Please specify)
Branch has reported and obtained ZO / HO confirmation for the ad-hoc beyond Branch -
1
Discretion.
Adhoc is fully covered by prime security and insurance / Documents taken to cover ad- -
2
hoc / Charges filed with ROC wherever necessary
Whether CERSAI registration number is available and print of registration is kept on -
3
record?
4 Additional interest charged for the ad-hoc allowed. -
Whether ad-hoc is allowed frequently in the accounts over the limit sanctioned / -
5
discretionary powers.
Adverse features pointed out in the accounts in RBI / External Auditors / Internal -
6
Inspectors have been rectified and no overdue in other accounts of the borrowers
7 The ad-hocallowed is reported to ZO for information. -
8 Documents negotiated under LC (Inland) are forwarded directly to the LC Opening Bank -
Branch has ensured authenticity of LCs before evincing interest in them and has obtained -
9
counter party exposure clearance from FEDCO in applicable cases
Documents under LC (inland) represent genuine trade transactions and documents -
10
evidence movement of goods.
11 Any concealment or suppression of adverse features in the accounts has been noticed. -
Adverse features pointed out in the accounts in RBI / External Auditors / Internal -
12
13 Security coverage (both prime & Collateral) is adequate & updated in CBS -
14 Documents are in order and in force. -
Whether `branch has issued notice, advising the borrower/s to pay the term loan -
15
instalments
16 Whether Debit Confirmation is obtained every year as on 31 st March. -
Branch has inspected the securities at the prescribed intervals and the relative reports are -
17
held.
18. All other terms and conditions have been complied with -
Insurance with bank’s clause (covering all risks) on prime and collateral securities is -
19
adequate and in force.
20 All other terms and conditions are fully complied with by branch / borrower. -
21 Any irregularities of continuous nature like excesses allowed, turnover not commensurate -
with limit / sales, non-submission of stock statements / financial papers etc. have been
111
noticed.
22 Penal interest is charged to all irregular accounts. -
All the irregular accounts mentioned above are reported in the ERI Return (Monthly) -
23
submitted to ZONAL Office(Briefly state about follow up action taken by the branch)
24 Repayment schedule in respect of TL accounts have been properly entered in the system -
(ANNEXURE -18 NOTING OF BANK’S CHARGES )
REGISTRATION OF CHARGE WITH ROC/RTO/RTA/ CERSAI / CITY SURVEY/HOUSING SOCIETY

NOT DONE IN FOLLOWING ACCOUNTS:
(Rupees in Lakh)
S.No. Name of Account Balance O/S Date of Reasons for Non-
Documents Registration
As per Annexure attached below
“Annexure”

1) For following customers Collateral has been created but CERSAI Asset ID has not been created.
Sr No. CUSTOMER NUMBER ACCOUNT NUMBER CUSTOMER NAME

1 10010728749 60256264487 Mr. NAGARAJ NARAYAN CHAVAN
2 10023189291 60286753085 Mr. NASARE CHANDRAKANT PARSHURAM
3 10039222266 60298568533 Mrs. BHARATI DAYANAND KOTIAN
4 10041099586 60364565153 Mr. PRAVIN ROBERT KALKUMBE
5 10045388086 60278596484 Mr. DATTATRAYA M CHIVHANE
6 10054505186 60305088235 Mrs. VISHAKHA SUSHIL PAWASKAR
7 10054506236 60238475682 Mr. KAILASH CHANGDEV DUSHING
8 10054534446 60306806982 Mr. SAMEER PRABHAKAR RANE
9 10054537470 60254885644 Mrs. JYOTI DIWAKAR SONAWADEKAR
10 10054550219 60262757601 Mr. MADHUKAR GARBAND SAWALE
11 10054554509 60248354586 Mr. ABHAY DINKAR BHAGWAT
12 10054560726 60235611472 Mr. RAJENDRA PRAMOD MISHRA
13 10054578905 60363895285 Mr. SACHIN SURESH BHARATI
14 10054579341 60329722880 Mr. SHANKAR MARUTI MHASKE
15 10054581930 60305815310 WATER AND WASTE MANAGEMENT SYST
16 10054581930 60305816448 WATER AND WASTE MANAGEMENT SYST
17 10054582231 20054503058 AMBER BUSH RUBBER INDS PVT LTD
18 10054582399 60303108970 AREIS ELECTRONIC INDUSTRIES PVT
21 10054582515 20054503003 POLYGRIP RUBBER PRODUCTS PVT LTD
22 10054627581 60250474400 Mrs. ARTI ASHOK JOSHI
23 10054639198 60352918251 Mr. PANDIT RAOSAHEB CHAVAN
112
24 10054660380 60238013207 Mr. SHIVAJI KRISHANA PATIL
25 10054671788 60252744105 Mr. SUBHASH DEVRAM SONAWANE
26 10054677893 60296254960 Mr. SUNIL RAGHUNATH LOHAR
27 10054817425 60284054624 Mr. SUSHIL VITHAL PAWASKAR
28 10055014970 60297138806 Mr. POKARLAL KISTURJI GHANCHI
29 10058973116 60314312214 Miss. IPSITA RAJIV CHITRE
30 10090441503 60376322025 Mrs. SAIRABANU RAJENDRA JUVEKAR
31 10107346218 60374505601 Mr. VIJAYKUMAR DEOROOP SINGH
32 10125865006 60295156373 Mr. ARUN NARAYAN SHINDE
33 10151346431 60262455588 Mr. HARUN HAJI NIJAM SHAIKH
34 10155565131 60300803045 Mr. YOGENDRA PRASAD SHARMA
35 10173011840 60287018515 Mrs. SUCHITA SURYAKANT CHAVAN
36 10175787297 60247978617 Mr. SANDESH KASHINATH GODADE
37 15000727966 60306937461 Mr. RAVINDRA SHIVDAS BURSE
38 15001503683 60379016581 Mr. YOGESH RAVINDRA PALAV
39 15004957953 60306164727 Mrs. SHAILAJA GAJENDRA SHIRAL
40 15006577561 60352830625 Mrs. TEJASHREE VIRAJ SHINDE
41 15014110554 60300797619 Mr. HARIOM SINGH PRALHADSINGH CH
42 15016474859 60282377080 Mr. JANARDHAN MAHADU GHONGE
43 15018568087 60253369233 Mr. RAMESH NAGO PATIL
44 15040032230 60242416982 Mr. SATISH GANGADHARRAO PILLANGW
45 15072871463 60288444509 Mr. DILIP KASHINATH KADAM
46 15072871995 60289556663 Mr. SHAM BIRU BODEKAR
47 15074513096 60290511764 Mrs. MEENA VINAYAK SADALGEKAR
48 15074513096 60294642058 Mrs. MEENA VINAYAK SADALGEKAR
49 15078097387 60299994504 Mr. HEMAN JEEVAN KALEL
50 15078097795 60303249752 Mr. MAHENDRA PANDURANG CHALKE
51 15081704547 60300160148 Mrs. CHANDRAPRABHA SANTOSH SHARM
52 15083539433 60302697841 Mr. DHEERAJ SUDHIR PAGARE
53 15083539727 60305094612 Mr. SAVJI MEGHJI GOTHI
54 15084645511 60311626813 Miss. SAEE VIJAY MORE
55 15084646398 60310050779 Mr. RUPESH KRISHNA PATIL
56 15084646490 60314668443 Mr. PRASANNA GUNWANT MANE
57 15089124728 60311699178 Miss. YASHASHRI GAJENDRA SHIRAL
58 15089125541 60312915860 Mrs. KASHMIRA MADHAV GODBOLE
59 40000598997 60311488703 Mr. HANUMANT MARUTI BABAR
60 40001640929 60333424640 Miss. KIMAYA MOHAN YEOLA
61 40010736948 60248275658 Mr. SUCHIT GANGARAM TATKARE
62 40013228275 60349838143 Miss. ARCHANA SHRIKANT DHOTARE
63 40013321080 60344121585 Mr. AMAR SHIVAJI SHIVSHARAN
64 40016469568 60254802837 Mr. VIVEK PARSHURAM KANE
65 40029969893 60312100573 Mr. PRANAV ASHOK TAMBOLI
66 40032170364 60340015252 Mr. BALKRISHNA GANGARAM BHOSALE
67 40032681143 60310570415 Mrs. MILAN ROHAN CHAVAN
68 40043047112 60347624406 Mr. JITENDRA KUMAR BUDHOLIYA
69 40049310565 60137638893 M/S CHAITANYA ENTERPRISES
113
70 40049311988 60300201552 Mr. MOHAN SHANKARRAO KHOPADE
71 40059003437 60278592661 DSS SECURITY & MANPOWER SUPPLY
72 40061932467 60337731420 Mr. JAYARAM KANTHU SHETTY
73 40064013869 60297248366 Mrs. NETRA SANTOSH SAWANT
74 40064843018 60266838055 Mr. MITHUN SADASHIV KADAM
75 40065784117 60250788609 Mr. NARESH HARKHA PATEL
76 40076719100 60293247672 OM SAI ENTERPRISES
77 40080265012 60310453984 Mr. ADESH UTTAM DAKI
78 40083592886 60270167098 Mr. SHARDUL HIRAMAN SAMJISKAR
79 40087611159 60353566704 SHREE SAI KRUPA AGENCY
80 40098475745 60315125541 Mr. VISHAL LAXMAN KAMBLE
81 40100310828 60306146753 Mr. SAVITA D MENKUDLE
82 40100310920 60317457440 Mr. RAHUL DATTATRAY MATE
83 40101026006 60278483164 Mr. YOGESH KHANDERAO BIRARI
84 40101026006 60286300170 Mr. YOGESH KHANDERAO BIRARI
85 40101269299 60300224886 Mr. BHARAT GHANSHYAM PATIL
86 40101534521 60350580186 Mrs. VAISHALI SURENDRA JAKHAL
87 40131796151 60290409513 Mrs. BARKHA PANKAJ PUROHIT
88 40135964714 60249968313 Mr. RAVINDER KUMAR
89 40145970077 60235663453 Mr. SHARAD MORESHWAR DESHMUKH
90 40145970077 60338773141 Mr. SHARAD MORESHWAR DESHMUKH
91 40146355483 60235545269 Mr. SADASHIV KASHINATH KADAM
92 40147197161 60303095914 Mr. PRASHANT PRABHAKAR DHEKANE
93 40149766692 60242108693 Mr. SHIVAJI PARASRAM SALUNKHE
96 40151953316 60250381140 Mrs. KAMAKSHI VENKETESH IYER
97 40152707063 60245437137 Mr. NITIN RAMDAS THORAT
98 40152790290 60245613885 Mr. RAJNIKANT RAJARAM PARHAD
99 40154450354 60300065437 SHUBHAMSAMARTH ENTERPRISES L L P
100 40154651244 60256663072 Mr. ADITYA SHIWAJI RASAM
101 40154805354 60250394921 Mr. MILIND GOPAL DALVI
102 40155298273 60254403286 Mr. JITENDRA UTTAM MANGALE
103 40156063453 60253613193 Mr. ASHRAF ADAM MULLAJI
104 40156556700 60376505280 Mr. NILESH BHAGWAN SAMBARE
105 40160035453 60347618142 Mr. NIKHIL KHETSHI SHAH
106 40161485732 60264890211 Mr. SUNIL KISAN KAMBLE
107 40162409442 60264879004 Mr. VISHAL KULWANTSINGH RAJPUT
108 40163417678 60343050089 Mr. SHIVA HARISH PARMAR
109 40165167838 60267649205 Mr. PRATYUSH SUDEEP PASBOLA
110 40169188367 60275539734 Mr. SUNIL HARI PATIL
111 40169188367 60277649225 Mr. SUNIL HARI PATIL
112 40174529924 60282030003 Mrs. ASHA JAGDEEP THOMBARE
113 40174529924 60282042791 Mrs. ASHA JAGDEEP THOMBARE
114 40181113554 60293146877 Mr. SARVESH SHAILESH KADAM
115 40188071127 60303756636 Miss. ANKITA KRISHNA HULE
114
116 40198932234 60377326391 JIJAU CONSTRUCTIONS ROAD BUILDER
117 40199493691 60336880633 Miss. PURVI BHIMSHANKAR KAKASAGA
118 40208867855 60346123160 Mr. MAKARAND PRAKASH CHAUDHARI
119 40209504027 60346563893 Mr. ANIRBAN GHOSH
120 40209735351 60354181939 Mr. ANAND PRAKASH SARKALE
121 40214257945 60354614079 Mr. EDWIN ALEX TRINDADE
122 40215377465 60375377326 Miss. MANISHA CHANDRA KISHOR SIN
123 40217855975 60373495092 Mr. ARUN JAGANNATH SHETTY
124 40217884699 60362904304 Mrs. KAVITA ARUN SHETTY
125 40220374079 60367991382 Mr. SUSHANT SADANAND KERKAR
126 40223273772 60373457895 Mr. SAGAR ANNASAHEB YEOLE
127 40224747245 60378962063 Mr. CHANDRAKANT SITARAM KHEDKAR
128 40228379615 60383526904 Mr. UTTAM KRISHNA SAWANT
129 40229547808 60385131776 Mr. MAHESH TANAJI HIVARE
130 40229705617 60385645580 Mrs. VANDANA ASHOK SINGH
(ANNEXURE -19A PACKING CREDIT )

OVERDUE PACKING CREDIT ACCOUNTS:
Overdue Packing Credit Accounts (irregularity more than Rs.5.00 Lakh):
(Rupees in Lakh)
Name of the Sanctioning Date of Expiry
PC No. Date of PC Amount of PC Overdue
Borrower Authority of Order / LC
Not Applicable
Yes / No *
specify)
1 Packing Credit is granted against Firm Order / LC. In case of running PC accounts,
where submission of Firm Order / LC is waived at the time of disbursement, evidence
NA
like Fax / E-Mail etc. are held and subsequently the Firm Order or LC is obtained
within a reasonable period.
Branch is maintaining proper records of specific approval list of ECGC and caution list NA
2
of RBI and is referred before disbursement of the Packing Credit
Required margin is held on FOB value of Firm Order / LC or on domestic cost NA
3
whichever is less.
Branch holds Status Report on the buyer / ECGC Policy on the buyer, in the absence of NA
4
LC.
5 Any concealment or suppression of adverse features in the accounts has been noticed. NA
Adverse features pointed out in the accounts in RBI / External Auditors / Internal NA
6
7 Security coverage (both prime & Collateral) is adequate. NA
8 Documents are in order and in force. NA
The securities are inspected by branch at regular intervals and the relative reports are NA
9
held.
10 Stock is segregated from that of hypothecation CC stocks (Applicable where godown NA
115
inspection is conducted by the Concurrent Auditor)
Insurance with bank’s clause (covering all risks) on prime and collateral securities is NA
11
adequate and in force.
Any irregularities of continuous nature like excesses allowed, non-submission of stock NA
12
statements/financial papers etc. have been noticed.
13 All other terms and conditions are fully complied with by the branch / borrower. NA
14 Penal interest is charged for all over PC accounts wherever applicable. NA
Branch has reported to ECGC the sanction of limits, enhancement in limits, reduction / NA
15
cancellation of limits within the prescribed period
Branch is submitting the monthly declaration to ECGC under WTPCG within the NA
16
prescribed period reporting all the eligible borrowal accounts, along with the premium.
Report of Default is filed with ECGC within one month of recall of advance or 4 NA
17 months from the due date or extended due date whichever is early in case of default /
non-submission of documents by exporter.
All the overdue Packing Credits mentioned above are reported in the ERI Return NA
18 (Monthly) submitted to ZONAL Office(Briefly state about follow up action taken by
the branch)
Packing credits got adjusted immediately after shipment by way of post-shipment NA
19
finance / inward remittance.
(ANNEXURE-19 B EXPORT CREDIT CLAIMS )
Name of the Bank:Bank of Maharshtra {Vartaknagar Branch, Thane West

Annexure – II
Government of India Interest Equalisation scheme on Pre-Post Shipment Rupee Export Credit claim for the
month ended June 2022
Amount of interest equalization
Sector reimbursement claimed (rounded off to the
nearest rupee)
1 Process agriculture/Food items Not Applicable
2 Handicraft Not Applicable
3 Carpet (Excl. Silk) Handmade Not Applicable
4 Handloom Products Not Applicable
5 Coir & Coir Manufactures Not Applicable
6 Jute Raw, Yarn Not Applicable
7 Other Jute Manufactures Not Applicable
8 Readymade Garments and Made ups Not Applicable
9 Fabric of all types Not Applicable
10 Toys Not Applicable
11 Sports Goods Not Applicable
12 Paper, Stationary Not Applicable
13 Cosmetics and Toiletries Not Applicable
14 Leather Goods and footwear Not Applicable
15 Ceramics and Allied Products Not Applicable
16 Glass and Glassware Not Applicable
17 Medical and Scientific Instruments Not Applicable
18 Optical Frames, Lenses, Sunglasses Etc. Not Applicable
19 Auto Components/Parts Not Applicable
20 Bicycle & Parts Not Applicable
21 Articles of Iron or Steel Not Applicable
22 Misc. Articles of base metals Not Applicable
23 Industrial Machinery, Electrical and Engineering items, Not Applicable
116
1C Engine, Machine tools, Parts
24 Electrical Machinery and Equipment Not Applicable
25 Telecom Instruments Not Applicable
All items manufactured by MSMEs other than those
26 Not Applicable
covered above
Grand Total None
(ANNEXURE—20 : OVERDUE BILLS / CHEQUE PURCHASED / DISCOUNTED )
OVERDUE BILLS PURCHASED / DISCOUNTED / CHEQUE PURCHASE (INLAND & FOREIGN):
(All overdue bills are to be reported)

Overdue Bills (Inland & Foreign) :
(Rupees in Lakh)
Bill Date Name of the Sanctioning Amount of Bill Due Irregularities
Numbe of Bill Borrower Authority in FC In IRs. Date observed
r
Not Applicable
Yes / No *
specify)
All the bills purchased / discounted are supported by LR (as per approved list of NA
1 IBA)/RR/Bill of Lading/Airway Bill/Receipted Delivery Challan in case of Supply
Bills.
2 Goods covered are traded items. NA
3 Satisfactory Credit Reports on drawees are obtained. NA
In the case of Supply Bills, Power of Attorney is duly registered with the drawees in NA
4
favour of the Bank to receive the payment directly from the drawees.
No finance is extended against inland house bills (inland bills drawn on associates / NA
5
sister concerns etc) nor against receivables due from associates / sister concerns.
Branch has reported to ECGC the sanction of limits, enhancement in limits, reduction / NA
6
cancellation of limits within the prescribed period
7 Clean bills purchased are not in the nature of accommodation / kite-flying operations. NA
In the case of export bills purchased / discounted expressed in foreign currency, the NA
8 overdue bills are promptly crystallized into rupee as per guidelines under report to Head
Office (Exceptions are listed below)
In the case of foreign bills purchased / discounted for export on FOB and C&F terms NA
1. the Contingency Marine Risk Policy is taken
9 2. In case of bills purchased / discounted which are not under LC, branch has
ensured that exporter has taken Standard / Shipper’s Policy with buyer –wise
limit from ECGC.
10 Turnover in the limits reflect the true position of sales as evidenced in balance sheet NA
117
Branch is reporting all export bills purchased under contract to ECGC under WTPSG NA
11
monthly along with necessary premium
All the foreign exchange transactions have been done as per FEMA, FEDAI, Import NA
12 Export Policy, any other RBI guidelines, UCP 600, URC 522, URR 525 and Bank’s
Book of instructions with amendments.
All the overdue bills mentioned above are reported in the ERI Return (Monthly) NA
13
submitted to ZONAL Office(Briefly state about follow up action taken by the branch)
14 Report of default is advised to ECGC within the stipulated period. NA
15 All other terms and conditions have been complied with. NA
Details of Overdue Bills (Foreign) not crystalized:

(Rupees in Lakh)
Bill Date of Name of the Sanctionin Amount of Bill Due Remarks
Number Bill Borrower g Authority In FC In INR Date
NONE
(ANNEXURE
…………………………………………………………………………………………………..—21 : BANK GUARANTEES )
BANK GUARANTEE:
DETAILS OF GUARANTEES OUTSTANDING :

(Rupees in Lakh)
Particulars Inland Foreign
Number Amount Number Amount
BG outstanding as on the date of the NIL NIL
25 911.10
report
Out of it expired BG. NIL NIL NIL NIL
LC outstanding as on the date of the NIL NIL NIL
NIL
report
Yes / No *
specify)
1 The copies of letters guarantee issued have been examined and the following guidelines
have been adhered to:
ØThe guarantees have been issued for a specific amount and for a specific period of
liability
Yes
ØThe guarantees are free from any onerous clauses
ØThe guarantees contain the Bank’s clause restricting the bank’s liability as regards to
amount and period.
ØPerformance / Financial guarantees are properly classified
2 The stipulated margin is maintained. Yes
Branch is taking up with ZO /HO for sanction if the validity period including claim Yes
3
period exceeds three years.
The commission on the guarantee is collected at the prescribed rate as also till the Yes
4 guarantee is eliminated except in the cases where competent authority has given
approval.
5 Whether any bank guarantee is invoked but not paid by the branch is noticed? (If yes No
118
give details)
Whether any bank guarantee is invoked and paid by the branch but not recovered from No
6
the borrower is noticed? (If yes give details).
All guarantees have been signed by two officials of the Bank, one of whom is Branch Yes
7
Manager or Deputy Manager
8 All guarantees have been issued along with prescribed covering letter. Yes
In respect of import LCs where Buyer’s Credit is arranged by the borrower / Bank, Yes
9
commission as applicable to LGs have been collected
a) Details of Bank Guarantee expired:

(Rupees in Lakh)
Remar
BG No. Date of BG Name of Party Amount Date of Expiry
ks
NIL
b) Details of Bank Guarantee invoked:

(Rupees in Lakh)
Date of Reasons
Date of Amoun Name of Present
BG No. Name of Party Invocatio for
BG t Beneficiary Position
n invocation
NIL
3. Details of Forced Loans, if any:
S.No. Name of the Borrower Amount Reasons for Forced Loan Remarks
1
NIL
2
(ANNEXURE -22 LETTER OF CREDIT)

LETTERS OF CREDIT (INLAND & FOREIGN):
DETAILS OF LETTERS OF CREDIT OUTSTANDING:

(Rupees in Lakh)
Inland Foreign
Particulars
Amoun
Number Number Amount
t
LC outstanding as on the date of the reportof which expired NIL NIL NIL NIL
LC
Yes / No *
S. No. Particulars
(Please specify)
Letters of credit are opened as per Internal / RBI guidelines and they are in conformity
1 NIL
with the provision of FEMA.
Sanction stipulations such as abstention of margin money, security, documents, usance NIL
2
terms etc. are complied with.
Credit Report on overseas supplier is obtained and held on record (if the amount of LC NIL
3
exceeds Rs.10 lakhs)
4 Interest / Commission is charged in accordance with Bank’s guidelines. NIL
119
Unexpired portion of commission is kept separately in ‘Unexpired Commission Account’ NIL
5
and not credited to P&L account.
6 SGS Clause is not waived without ZO permission. NIL
7 Commitments under Letters of Credit are met promptly on due dates. NIL
Documents received under LC (if the amount of bill exceeds Rs. 50.00 lakhs) represent NIL
8
genuine trade transactions with movement of goods
LCs opened on usance terms conform to the business cycle of the industry / nature of NIL
9
commodity
a. Details of expired Letters of credit (Inland & Foreign)

Rupees in Lakh)
S. L. C. Type of LC Date of Name of Amount of LC LC Date of Remarks
No. No. (Inland / LC Party In F.C. In INR expired Expiry
Foreign) (Y/N)
1
2
3 NONE
4
b. Details devolved Letters of credit (Inland & Foreign)
(Rupees in Lakh)
S. L. Type of Date Name of Amount of LC Date of Date of Remark
No. C. LC of LC Party LC devolve devolvemen recover s
No. (Inland / in In d (Y/N) t y
Foreign) (FC) INRs.
1
2
3 NONE
4
5
Details of Forced Loans, if any: NONE
(ANNEXURE -23 BRANCH’S RECORD MAINTENANCE )
VOUCHERS & RECORD MAINTENANCE :
120
Yes / No *
specify)
Voucher
Register is not
1 Voucher Register is maintained properly.
maintained
properly
2 All vouchers are in order as regards to genuineness, authenticity and proper accounting. Yes
No
3 The vouchers are checked through EVVS by Branch Officials on the next day.
(Refer Note 1)
P&L vouchers (debit) bear two signatures and approved by I line Manager before
4 Yes
payment.
Vouchers are segregated, stitched and sealed on the following day and the voucher Yes
5
bundle is signed by Daftary and Branch Manager. (Refer Note 2)
6 Upkeep of records and vouchers, stationery items is satisfactory. Yes
7 All the vouchers are duly signed by second signatory wherever required. Yes
8 Secrecy of password is maintained and being changed regularly Yes
Notes: -

1. Checking of vouchers is delayed i.e. not checked on the next day of voucher being prepared.

1. Vouchers are segregated, stitched and sealed but voucher bundle is not signed by Daftary and Branch
Manager.
(ANNEXURE -24 : CLEARING TRANSACTIONS )
CLEARING TRANSACTIONS: (TRANSACTION RELATED CONTROLS)
121
S.No Yes / No *
Particulars
. (Please specify)
1 All clearing transactions taken place during the month are in order. Yes
Cheques received for clearing are immediately branded with Bank’s special
2 Yes
crossing stamp
Withdrawals against
Withdrawals allowed against un-cleared effects are with proper authority and
3 un-cleared cheques ar
within discretionary power of the branch. Interest is debited without omission.
e not allowed
No such transactions
4 No suspicious transaction giving room for kite flying operations noticed.
observed
No such transactions
5 No inward cheques are retained to the debit of Suspense Account.
observed
6 Cheque returned both Inward / Outward are properly accounted for. Yes
7 Applicable service charges have been recovered for returned cheques. Yes
Yes
The customer is
intimated about the
8 Cheques returned are promptly dispatched to the customers on the next day
return of cheque and
also asked to collect
the same.
The position of outstanding entries and clearing difference remaining unreconciled are as
listed below :
(Rupees in Lakh)
In CCO
In Branch Books
Books
Debit Credit Debit Credit
Period
Amoun Amoun
No. Amount No. Amount No. No.
t t
0 – 3 (Months)
3 – 6 (Months)
Above 6 months Reconciliation is centralized by Clearing House
Total
122
(ANNEXURE -25 CONTROL RETURNS )
SUBMISSION OF CONTROL RETURNS / STATEMENTS:
(This is one of the most important format to be completed and to be brought to the notice of the Branch
Manager about the pendency if any)
Yes / No *
S.No. Particulars
(Please specify)
Due Date Diary
is not
1 Branch is maintaining Due Date Diary for submission of Statements.
maintained by
Branch
Yes
Subject to
2 All returns / statements are submitted to ZO / HO
Annexure
attached below
The integrity of data furnished in the vital returns / statements are found correct and
3 Yes
submission of returns / statements is in order.
Date of
Periodicit Confirmation
S.No. Name of Statement Submission of Last Remarks
y Received up to
Statement
Confirmation
Advances Sanctioned
1 Monthly 10-07-2022 has not been NA
By Branch Manager
received yet
Control Return with
respect to TOD/EOD
2 TOD/EOD Statement Weekly Not sent NA Statement has not been
done since the month of
January, 2022
3 BP/BD Statement Weekly NA NA NA
BP/BD Returned
4 Weekly NA NA NA
Unpaid
Control Return with
respect to Certificate of
Confirmation
Balancing was sent
5 Certificate of Balancing Monthly 10-07-2022 has not been
along with Statutory
received yet
Audit Report as per
Branch.`
123
(ANNEXURE -26 INCOME LEAKAGES )
IDENTIFICATION OF INCOMELEAKAGES:
Yes / No *
S.No. Particulars
(Please specify)
Yes
1 All the vouchers are checked by us on daily basis
On random basis
Income from business such as Locker rent, folio charges, supervision charges,
deposit / advances interest applied, service charges, commission, exchange,
processing charges , mortgage charges (wherever applicable), Penal interest for
2 delayed / non-submission of QIS, Stock Statements / Financial papers, excess over DP Yes
/limit, Overdue interest on all types of bills / advances, eligible commission on LC,
LG , charges on Safe Custody Items, Forex transactions and cash handling charges for
receipt of cash are verified and are in order (Exceptions given below)
3 Branch is exercising effective control over expenditure. Yes
LEAKAGE OF INCOME DETECTED:
(Rupees in Lakh)
Balance yet to be Staff lapses, if Reasons for non-
Details of income leakage AmountRecovered
recovered any recovery
ROC Filing Charges Refer Notes as attached below
CERSAI Charges Refer Notes as attached below

CIBIL Verification
Refer Notes as attached below
Charges
Notes:-

1. CERSAI-id has not been done for the list of accounts referred in ANNEXURE 18, not creating
CERSAI-id for advances sanctioned leads to revenue leakage. As per the report attached in ANNEXURE
18; there are 130 accounts for which CERSAI-id has not been created. CERSAI charges to be recovered
per advances are Rs.200 (i.e., revenue leakage amounting to Rs. 26,000/-)

1) During the course of audit, it has been observed that ROC filing charges for advance sanctioned to
JIJAU CONSTRUCTIONS ROAD BUILDER PVT LTD have not been recovered.
2) Penal interest on non submission of stock statement is not being recovered by the branch
124
(ANNEXURE -27 : LOCKER MODULE
Details of the Lockers in the Branch
No of lockers available in the branch:
Size A B C D
No of Lockers
Refer Note below
available
No of lockers vacant 34 - 1 1
No of lockers where Refer Note below
the rent is in arrears
Amount in arrears Refer Note below
1. Whether the master creation of all cabinets is completed? Yes

2. Whether the KYC of locker holder and its joint holder is obtained No.
3. Whether the CIF of joint holder and Nominee is linked? No.
4. Signature of the locker holder is scanned and is operational? No.
5. Whether any locker is brake opened from last CV date ? No.
6. Whether the locker cabinet is displayed with the “NO ACCESS” slip.
sticker for the arrears due lockers ? No.
7. Whether the proper charges after the 12th entry is collected
from the locker holder in a year?
Any such notice is put in locker hall. Yes.
8. Whether the Locker rent register is properly updated ? No.
9. Whether the branch has prepared the list of prospective
Customers for letting out the locker? Yes
Note: 36 Lockers are vacant. Bifurcation of lockers available is not provided by the branch.
Amount in arrears is Rs. 19,279/- without GST, bifurcation of the same has not been provided by the bank.
ANNEXURE-28 PROFIT AND LOSS ACCOUNTS )
OPERATIONS IN PROFIT & LOSS ACCOUNT –

S.No. AREA Yes / No
Abnormal debits in Income Accounts (Interest on Advances,
1 Commission, No
Charges etc.
2 Whether proper control on expenditure is observed Yes
Subject
Any abnormal debits under Expenditure accounts such as Sundry
3 to Annexur
Charges, Local Conveyance, Printing & Stationary etc.
e 43
Whether the expenses made are duly sanctioned by appropriate
4 Yes
Authority?
5 Whether the bills / sanctions are properly preserved at the Branch Yes
125
ANNEXURE-29 GST )
GOODS AND SERVICES TAX CERTIFICATE
We certify that during the month ending on

a) Branch has correctly collected goods and services tax on various customer services
b) Branch has transferred the goods and services tax collected manually to G/L GST Pool Manual account.
c) Branch has properly filed all original bills/invoices in respect of input goods and services and the bills are in
agreement with the entries in the books of account. (If not, please specify the nature of irregularities)

________________
CA Vinod L. Tikmani
Partner
126
(ANNEXURE—30 GOVERNMENT BUSINESS
GOVERNMENT BUSINESS:
Yes / No *
specify)
Pension
1 PPO for all the pensioners maintained. NA
2 Branch is submitting claim to Link Branch without any delay. NA
3 Pension balances are extracted monthly and tallied with General Ledger. NA
4 Reimbursements are received from link branch without delay. NA
Life Certificate / Non-marriage Certificate / Non-employment Certificate are obtained NA
6
every year in November in all cases.
The instructions contained in the Treasury Rules issued by the Head, State NA
7
Governments are generally followed.
Subsidiary Register for Pension Paid and Recoverable Account is maintained and NA
8
balanced monthly.
PPF, RBI Relief Bond etc.
1 Branch is maintaining proper registers / records for the above accounts. NA
2 Branch is submitting claim to Link Branch without any delay. NA
Branch is scrupulously following the guidelines with regard to remittances, operations NA
3
etc. in the accounts.
Other Government Business
Government funds are transferred for credit of Government Accounts through OLTAS NA
1
(Online Tax Accounting system) on the same day
The instructions regarding conduct of Government business under various schemes NA
2
being meticulously followed.
3 Commission of Government Transactions received and credited to P & L account. NA
4 Discrepancies if any noticed in Government Accounts reconciled then and there. NA
CBEC / CBDT Business
1 Whether such Government Accounts are opened at the branch NA
2 Whether only one set of such accounts exists in the branch NA
3 Whether the punched data under CBDT/CBEC checked and confirmed daily NA
4 Whether CDT/CBEC challans alongwith statements set to Nodal Branch Daily NA
5 Whether all balance in Government accounts is brought to ZERO daily NA
127
(ANNEXURE –31 TAX RETURNS )
SUBMISSION OF TAX RETURNS COMPLINACES AND DELAYS IN SUBMISSION OF RETURNS
Yes / No *
S. No. Particulars
(Please specify)
TDS is deducted on various payments viz. Professional and Technical Fees,
1 Contractors Payments, Commission, Rent etc. and paid to the Government without any Yes
delay
Proportionate income tax is deducted from the staff salary, leave / LFC encashment,
2 Done by HO
arrears (if any) etc. and remitted to Income Tax authority immediately.
Filing is Centralized.
3 E-filing of quarterly TDS returns is done within the period stipulated.
by HO
4 Revised TDS return filed in case of TRACES default, if any NA
Lease Agreement of branch premises is in force. (Date of Expiry Branch premises ~
5
) Owned by bank
Refinance is claimed / obtained from EXIM Bank / IDBI / SIDBI wherever eligible
6 Not Applicable
and as per sanction stipulation
COMPLIANCES IN RESPECT OF TAXES BY BRANCHES
Remark
S No. Particulars
s
I Income Tax (TDS, 15 G/H)
Whether branch has ensured and verified that system has deducted TDS on all eligible interest,
1 including Recurring Deposit accounts on the interest amount of Rs. 10000/- and above in the Yes
deposit account, Bank as a whole.
Whether branch has deducted TDS on all eligible expenses as per the rates of TDS. In case Yes
2
"No" then give the details in the format given TABLE A.
Whether Branch has remitted TDS amount to Govt. account within due date. In case "No" then centraliz
3
give the details. ed
Whether branch has obtained 15G /15H from all customers who do not want their TDS to be
4 No
deducted and the same are flagged in system.
centraliz
Whether branch has filed e-TDS return for the previous quarter with in stipulated time. In case
5 ed
of delay, Please mention reason for delay.
If yes, Receipt number: Date of filling: No
Whether any defaults are reported in TRACES in respect of e-TDS returns of previous quarter
6 NA
filed by the branches
If the defaults are reported, whether steps are taken to rectify such defaults and those are
7 No
rectified. If yes, mention the date of filing of revised return.
centraliz
Whether branch has downloaded Forms 16A from the TRACES for the previous quarter and
8 ed
the same are issued to the customers and vendors.
9 Whether proper records i.e. challans, returns etc are maintained for the future reference. No
10 Whether register for TDS on other payments is maintained. Yes
II Goods & Service Tax (GST)
128
1 Whether GSTIN obtained from all eligible customers are entered against their accounts. Yes
2 Proper accounting entries have been passed in the system as per guidelines issued by HO Yes
In case of manual charges recovered from customer, whether GST as per law also recovered
3 Yes
and credited to GST Pool Manual account.
4 Whether GST on the amount of expenses has been paid only against the proper invoices. Yes
5 Whether such invoices are showing Bank’s GSTIN and customer’s GSTIN Yes
Yes
Whether such invoices are showing proper amount of CGST& SGST or IGST, as the case may
6
be, separately.
7 Whether GST paid as per invoices has been accounted for in G/L Input Tax credit account Yes
Whether invoices are issued to the respective customers for charges/commission etc recovered
8 No
from the customers.
9 Whether expense details are updated in ULC/Intranet properly and on daily basis Yes
10 Whether each expense are entered in CBS separately Yes
Whether Input Tax credit of GST, debited to input tax credit account at branch level is in
11 Yes
agreement with input tax credit claimed by the branch in GST Expense utility?
S. No. Nature of payment Amount of Delay in days Reasons for delay

TDS
Centralized
129
(ANNEXURE- 32 LIFE CERTIFICATES)
CERTIFICATES -49
Transaction and Life Certificate verification of Central Government Pension Accounts
Ref No.: Date: 05/07/2022
M/s V. L. Tikmani & Associates
This is to certify that we have verified transactions/life certificates of Central Government Pension accounts at
Vartaknagar branch. The verification covered following areas:
1. A/cs where life certificates are not on record but pension is continuing.
2. Debits in pension accounts where pension is stopped due to non-receipt of life certificate, after the date of
stoppage of pension
3. Debits during the month in pension accounts where life certificate is received but the debits are after a gap of
6 months.
4. Debits in pension accounts where debits are only through ATM
5. Debits in pension accounts where age of the pensioner is over 75
6. Debits in joint pension accounts (i.e. whether the pension withdrawal is by the pensioner himself or by the
joint account holder)
We certify that there are no irregularities/details of irregularities (Account wise) are as under (strike out which is not
applicable)
Life
Mode of
Account No. Name certificate Irregularities observed
Withdrawal
obtained
20054613743 Hemant Kumar Mitra Yes - -
20146188419 Ganpat Sakharam More Yes - -
20054614770 Umanath Santappa Kamath Yes - -
20054609792 Ranjana Ramesh Surve Yes - -
20054608846 Vatsala Vasant Bhat Yes - -
20054607911 Subhash Govindrao Gavand Yes - -
20054608653 Chandrakant Prabhakar Raje Yes - -
20054608212 Madhukar Yashwant Bhosle Yes - -
20054608303 Anandi Anant Kadam Yes - -
60092757250 Sunanda Shantaram Jadhav Yes - -
60056938057 Kantabai Sahebrao Sawant Yes - -
20054607999 Chandrabhaga Krishna Chavan Yes - -
20054611009 Snehlata Bhagwan Sawant Yes - -
20054608121 Ramchandra Tatoba Sorate Yes - -
20054610561 Vasant Baburao Mane Yes - -
60211466769 Sahebrao Ajabrao Dhoke Yes - -
20054608303 Anandi Anant Kadam Yes - -
20054611009 Snehlata Bhagwan Sawant Yes - -
60026116248 Ambadas Shripati Kharat Yes - -
20054607911 GAWAND SUBHASH G Yes - -
20054609317 DEO WAMAN NARHAR Yes - -
20054613562 KHOBRAGADE JAIDEO HARI(1/3 RD REST) Yes - -
130
68010539182 MR.MOHAN PANDURANG KOLAMBEKAR Yes - -
20054614985 NARMADA NARHARI MADHAVI(1/2 pen) Yes - -
20054616198 CHANDRAKANT DHAKU DHANKATKAR Yes - -
60043095848 SHARMA VEERADEVI V Yes - -
60337346326 AKARTE ASHLESHA ASHOK Yes - -
20007605342 UGAONKAR R P Yes - -
20054608915 PATIL PRAMILA RAMESH Yes - -
20054608303 KADAM ANANDIBAI A Yes - -
20054608948 ADIYATTI P JOHNY Yes - -
20054609351 AHIRE BALKRISHNA K Yes - -
20054615865 IYER SUBHALAKSHMI Yes - -
20054616518 KHILARE SAMPAT GANPAT Yes - -
60055855092 PHATAK LAXMI JANARDHAN Yes - -
60066918109 JAWALE ASHA VASANT Yes - -
60179280917 TAMBE SNEHA SANJAY Yes - -
60204591017 BODHARE ARUNA BHIMRAO Yes - -
60314479524 WAGH EKANATH PUNDLIK Yes - -
60322742076 PINTO MARIA Yes - -
60268562752 ARUN NAMDEV KESARKAR Yes - -
60262541364 RAGHUNATH VISHNU KADAM Yes - -
60117395524 KADAM SHEELA DHANAJI Yes - -
60079964149 S.UMA PARVATHI Yes - -
20177234993 LEELABAI SADASHIV SHINDE Yes - -
20146188419 MORE GANPAT SAKHARAM Yes - -
20070217728 ZENDE SHOBHA MARUTI Yes - -
20054614850 SONAWADEKAR JYOTI D Yes - -
20054612161 GITANJALI SHAM Yes - -
20054610594 MANJAREKAR DEVYANI J Yes - -
20054609544 TAWDE PARSHURAM RAJARAM Yes - -
20054609180 THORAT TUKARAM VITHA Yes - -
20054607864 DEO ROOP Yes - -
60095774238 MRS BABY RAJARAM KAMBLE (F.PEN) Yes - -
60095697615 ARUNA SHANTARAM SALUNKE Yes - -
68012750217 DAINE VISHWANATH SHIVRAM Yes - -
20054613641 NARSALE VASANTI V Yes - -
20054616405 YERUNKAR GANPAT KRISHNA Yes - -
60142423915 CHAVAN VILAS YESHWANT Yes - -
20054609088 RANGARAJAN G Yes - -
20054609656 YADAV DATTARAM R Yes - -
60068325128 NIKHALE VIJAY NAMDEO Yes - -
60354826107 MARGARET JOHNPETER ANTHONY Yes - -
60143305649 PHANSEKAR AJITKUMAR SHRIDHAR Yes - -
68006412617 RAMESH ANNA THORAT Yes - -
60257338915 MAHESH KRISHNARAO PARNERKAR Yes - -
20054608212 BHOSALE MADHUKAR Y Yes - -
60232688959 CHAVAN RAJSHRI RAMAKANT Yes - -
131
60307410071 VAIDYA PRAKASH DAMODAR Yes - -
68010539954 SALUNKHE SUDHAKAR YASHWANTRAO Yes - -
68033979671 GARATE GOKULDAS BALKRISHNA Yes - -
60264555568 GANESH VISHNU PAVASKAR Yes - -
20054609486 DEVASTHLI VAIJAYANTA Yes - -
20054609340 KATARE THAKUBAI H Yes - -
20054615195 GUPTE KUNDA ANIL Yes - -
SUWARNA CHANDRAKANT DANGE Yes
20054615322 - -
(F.PEN)
60165723730 SAWANT SHRADHA ASHOK Yes - -
20054608314 VANJARI CHHABU K Yes - -
20054610561 MANE VASANT BAPURA Yes - -
20054615967 SANGHMITRA V TRIBHUVAN Yes - -
60016604805 KOLAMBKAR PURSHOTTAM Yes - -
60024096855 MEHTA PREM SURENDRAKUMAR Yes - -
60086199417 YASHWANTRAO SUMATI MANOHAR Yes - -
60103181233 BHINGARDE DILIP VASANT Yes - -
60175904656 KADAM SULOCHANA FAKARAJI Yes - -
20054611383 BHAMBHANI DURU N. Yes - -
60095896723 SMT SUDHA KASHINATH JADHAV Yes - -
60327102926 CHASKAR KONDAJI MURLIDHAR Yes - -
60363625569 DERE VIMAL BHALCHANDRA Yes - -
20054608063 SHINDE MADHAVI VIJAY Yes - -
20054613743 MITRA HEMANT KUMAR Yes - -
20070255049 KADAM SHOBHA BALIRAM Yes - -
60060357259 MOREY EKNATH DAULAT Yes - -
60278869523 VITHOBA VISHNU SAWANT Yes - -
60279690373 SHINDE ASHOK MADHAVRAO Yes - -
20054610276 BAMGUDE RADHIKA M Yes - -
20208716043 THORAT PRAKASH BABU Yes - -
60261463431 RADHIKA MOHAN BAMUGADE Yes - -
60274519458 PARAB SIDDHI DAYANAND Yes - -
60276790971 MAHADOO KALOO BHOIR Yes - -
20054609226 SURVE SURESH B Yes - -
20054610720 PARAB VINITA VASANT Yes - -
20054611134 SALUNKE SHIVRAM S. Yes - -
60025545734 GURAV RAMCHANDRA PANDURANG Yes - -
60154963082 SAIM VASUDEO LAXMAN Yes - -
KALPANA NARHARI DASHRAT(1/2 Yes
20054614974 - -
PENSION)
20054615694 SHEWANTABAI GANPAT SAWANT Yes - -
60145293801 AHIRE DIGAMBAR DAGADU Yes - -
60264099750 DESHMUKH RAMKISHAN RAMCHANDRA Yes - -
60337211139 KRIPALI SHIVDARSHAN YADAV Yes - -
20054609930 MORE DURGABAI D. Yes - -
20081527908 SAWANT PARSHURAM K Yes - -
132
60211466769 DHOKE SAHEBRAO AJABRAO Yes - -
20054615037 SONAWANE DAULAT K Yes - -
60064843417 SONAR SHASHIKANT BAPUSHET Yes - -
60090690181 SHRI DADASAHEB SAHEBRAO JADHAV Yes - -
60217450345 JADHAV DHARMA SAKHARAM Yes - -
60002788274 GHAWALE SURESH G Yes - -
20054609237 SHETYE SHRIKANT N. Yes - -
60004282096 BANKAR BANDUGI UTTAM Yes - -
60007222725 KHAMKAR MANDAKINI M Yes - -
NANDANWAR PURUSHOTTAM Yes
60031687704 - -
TUKARAM
20054675438 MEENA RAMDAS DESHMUKH Yes - -
60043437498 CHAVAN VIJAY SADASHIV Yes - -
20054607820 BHOSALE SUVARNMALA Yes - -
60267074674 DASHARATH KERU BUTTE Yes - -
60037440352 SURVE MANDA GOVIND Yes - -
60055249615 DINKAR KASHINATH TARPHE Yes - -
20054614135 CHAVAN SULOCHANA V Yes - -
60351581340 SOLAT DILIP NARHARI Yes - -
20054611009 SAWANT SNEHALATA BHAGWAN Yes - -
20054612977 CHAVAN VRISHALI PRAMOD Yes - -
60158301807 SATHE REKHA VILAS Yes - -
20054610492 BHATT KESHABDUTT Yes - -
20054616052 SMT VEENA R.KARLEKAR Yes - -
20054608664 CHAVAN PRAMOD Y Yes - -
20054613131 YESUGADE VIJAYA B Yes - -
20070275452 MAKWANA AMARBAI L Yes - -
60030759601 SHILOTRI SURYAKANT SHANTARAM Yes - -
20054610899 GHADGE PRAMILA BALU Yes - -
60003507179 MAGDALINE ROGACIANO FERNANDES Yes - -
60134642712 BHOSALE VYANKATESH ATMARAM Yes - -
20054608653 RAJE CHANDRAKANT P Yes - -
60104265168 WANKHEDE PANDURANG TANKU Yes - -
20054607977 BHOSALE YASHODABAI N Yes - -
20054608461 DESAI SUDHIR K Yes - -
20058051765 KANSE SULOCHANA V Yes - -
60032883537 SATPUTE JYOTSNA PRASHANT Yes - -
60040416980 MANDOTHIA HARPYARI B. Yes - -
60141149679 BHAVSAR RAJANI SANJAY Yes - -
60355641320 BANSODE BHAGWAN SAKHARAM Yes - -
60005544018 MORE SURESH KESHAV Yes - -
60102854495 BHUSARA RAJARAM MAVANJI Yes - -
60005134680 BORKAR SUMAN R Yes - -
60200667810 JOG SHRADDHA SHRIKANT Yes - -
60279065882 Mrs. MANGALA HARI DANDGE Yes - -
60005544018 Suresh Keshav More Yes - -
133
20054613084 SHRIVASTAV HARI N Yes - -
20054613302 DHAMANGAONKAR VASANT Yes - -
60251199919 Namdev Babu Saim Yes - -
20054614770 KAMATH UMANATH S Yes - -
60224092796 Rajendra Ganpat Pawar Yes - -
20208716043 Prakash Babu Thorat Yes - -
20054610731 WAGH KARUNA SAHEBRA Yes - -
20054615015 DARNE DILIPKUMAR HARESHWAR Yes - -
60205499259 KUMBHAR AJIT BABANRAO Yes - -
20054615344 BAIDEHI SHARAN Yes - -
60350215567 RANE SADANAND PUNDLIK Yes - -
20054607999 CHAVAN K CHANDRABHGA KRISHNA Yes - -
60099078599 ITHAPE SHANTABAI MACHHINDRA Yes - -
20054608121 SORTE RAMCHANDRA T Yes - -
20054610877 SAWANT PRAJAKTA P. Yes - -
20054608109 MORE SHANKAR K Yes - -
20054616381 SHALINI K GAIKWAD Yes - -
60092757250 JADHAV SUNANDA SHANKAR Yes - -
20054609792 SURVE RANJANA RAMESH Yes - -
68017645072 NAIKNAWARE SUDAM MARUTI Yes - -
60068218082 MANE ASHA KHASHABA Yes - -
20054609838 DEULKAR PRABHA H Yes - -
20054614511 NAIK CHANDRASHEKHAR S Yes - -
60039056939 VEDAK SAVITA YASHWANT Yes - -
60045162349 MAUSKAR SWAPNA ARVIND Yes - -
60029571259 Vanita Tukaram More Yes - -
20054614033 Chetan Shyamrao Pisal Yes - -
60056938057 SAWANT KANTABAI SAHEBRAO Yes - -
60351212883 MOTIWALE SUNITA SHANTARAM Yes - -
Yes
60246083898 SUMAN SANJAY SAWANT - -
60372665523 CHALKE SWAPNALI SHRIKANT Yes - -

60030445119 MAJI PERU Yes - -
60367781749 SUSHILA JAYAWANT AHIRE Yes - -
60175072660 ASHA PRABHAKAR APHALE Yes - -
60342934047 PAWAR BHAURAO SANTU Yes - -
20071767759 SNEHLATA MANOHAR PATHAK Yes - -
VIMAL MACHINDRA MAKARE (DOB NOT Yes
20054610287 - -
IN PPO)
60371992641 SHETKAR DEEPLAXMI DASHARATH Yes - -
20054611906 KAMBLE CHIMATAI LAHU Yes - -
20054608085 KORI SAVITRIBAI G Yes - -
134
- A/cs where life
certificates are not on
record but pension is
continuing.
Debits in pension
accounts where pension
is stopped due to non-
20054608052 JADHAV RAGHUNATH G No receipt of life certificate,
after the date of stoppage
of pension
Debits in pension
accounts where debits
are only through ATM
No - A/cs where life

20054608325 KHANDARE P D
continuing
20054608846 BHATT VATSALA VASANT No - -
20054609373 RANPISE KUSUM B No - -
No - Debits in pension
receipt of life certificate,
of pension
20054612886 CHAVAN ATMARAM RAMCHANDRA
Debits in pension

continuing.
Debits in pension
20054613368 WARE ASHOK DAULAT (1/3 rd rest)
of pension
20054614033 PISAL CHETAN SHYAMRAO receipt of life certificate,
of pension
135
20054614861 THAKARE VILASINI M No - -
continuing.
Debits in pension
60026116248 KHARAT AMBADAS SHRIPATI receipt of life certificate,
of pension
Debits in pension
of pension
60029571259 MORE VANITA TUKARAM
Debits in pension

continuing.
Debits in pension
60224092796 PAWAR RAJENDRA GANPAT receipt of life certificate,
of pension
Debits in pension
60251199919 NAMDEO BABU SAIM No - -

60336878012 BHOGLE DEEPAK DATTARAM No - A/cs where life
continuing.
Debits in pension
136
of pension
Debits in pension
60372497613 MORE SUPRIYA DATTATRAY No - -
Yours faithfully,
________________
CA Vinod L. Tikmani
Partner
137
(ANNEXURE—33 CUSTOMER SERVICES )
CUSTOMER SERVICE AND OBSERVANCE OF RBI GUIDELINES:
Particulars Yes / No *
S. No.
(Please specify)
1 Complaint Register is maintained and details and disposals of complaints are entered. Yes
Suggestion Box is provided and it is being opened regularly. Complaints / Suggestions Yes
2
received if any, are recorded in the Register.
3 The branch has observed Goiporia Committee recommendations. Yes
4 Complaints received from customers are quickly attended to. Yes
5 Claims in respect of deceased account holders are settled promptly. Yes
Interest for delayed collection is paid regularly as per norms. No such case
6
observed
7 Instant credit of cheques is allowed upto stipulated amount as per guidelines. Yes
8 Time norms for various transactions are displayed and observed. Yes
9 Interaction with customers (at random) is done and service found satisfactory. Yes
10 ‘Customers Meet’ is conducted once in six-month and minutes forwarded to RO. Yes
11 ‘May I Help You’ board is prominently displayed No
ANNEXURE-34 SECURITY MEASURES )

SECURITY MEASURES:
Yes / No *
specify)
Gun
1 Gun license is in the name of Branch Manager and name of guard is entered as retainer. No
2 Gun license got renewed (License No. Date of Expiry: ). No
3 Cartridges for the gun have been replaced after their expiry. No
4 Servicing of gun is done within a year. No
5 Main gate is kept closed after banking hours. Yes
Safe Deposit Articles / Securities
1 Prescribed instructions in respect of articles and securities in safe custody are observed. Yes
2 Applicable charges are collected for the safe custody of articles / securities. Yes
Safe Deposit Locker
1 Safeguards regarding operation of safe Deposit Locker / Master Key are observed. Yes
Locker rent is recovered as per the rates fixed by CO and proper follow-up ensured for
2 Yes
recovery of arrears of rent.
3 Prescribed application is stamped as an agreement and signature is obtained. Yes
Locks of surrendered lockers are being interchanged and keys of vacant lockers are
4 Yes
checked.
Yes
5 Branch is following the guidelines in respect of break open of dormant lockers.
6 KYC guidelines are strictly followed while allotment and operations of lockers Yes
7 Nomination facility is made available and recorded properly. Yes
Security items
1 Proper record is maintained for security items such as Cheque Books, Draft Books, Yes
138
Deposit Receipts, Gift Cheques, Bankers Cheques, Travelers cheques etc. and joint
custody is ensured.
2 Physical verification of security items is done by the branch periodically. Yes
Physical verification of security items is done by us every quarter and found to be in
3 Yes
order.
Branch is not
Government Securities held by the branch on behalf of Head Office are checked with holding any
4
records available and found in order. Government
Securities.
The Check cypher, test keys of foreign correspondents, specimen signature books are
5 held with Branch Manager / Official in II line and during overnight they are held in the Yes
strong room / safe. These books are handled by the designated persons only.
Postage & Stamps
1 Mail is dispatched promptly and Dispatch Register is being checked regularly. Yes
Physical balance of stamps verified by the Branch monthly and ensured that it tallies
2 Yes
with books / Dispatch Register.
Franking
Services are
3 Proper accounting procedure being followed including Franking Machine.
not rendered
by Branch.
(ANNEXURE-35 AUDIT COMPLIANCES )

COMPLIANCE OF VARIOUS AUDITS :
Date of submission Compliance Date of Closure

Details Date of Report
of reply level of Report
Compliance to
01-06-2019
Business Risk- Low
Control Risk- Moderate
Internal Audit (RBIA) 02-08-2019 93% 10.10.2019
Composite Risk- Moderate
NPA Composite Risk- High
Concurrent Audit
Report from
Concurrent Audit For the month of March 2020 January &March
19/06/2020
Report dated 09/03/2020 2020, closed on 25
August, 2020 by
Thane Zone
Statutory Branch
22/04/2022 22/04/2022 - -
Audit
LFAR 19/05/2020 19/05/2020 - -
Stock Audit, if any - - - -
Revenue Audit - - - -
Surprise Inspection - - - -
Credit Audit - - - -
Legal Audit - - - -
Compliance of sanction
- - - -
terms to ZO / HO
Compliance to recent - - - -
circulars / guidelines
139
from Head Office
COMPLIANCE FUNCTION:
Yes / No *
S. No. Particulars
Please specify
Report closed on -
Whether the branch has rectified last Inspection Report of the Branch and submitted the
1 10-10-2019 DZM
Monthly Compliance to ZONAL Office
Thane
Whether the branch has taken steps to rectify the irregularities in Concurrent Audit /
2 Yes
Inspection reports etc.
Whether all Officers in the Branch have submitted Legal Compliance Certificate every
3 Yes
and Date on which consolidated reporting is made to Zonal Office
Whether the Branch has rectified the irregularities pointed out in Credit Audit Report
4 NA
and submitted compliance to Zonal Office
Date of submission of reply to Concurrent Audit report of previous month:

(Auditors should give their comments on closure of previous Concurrent Audit Reports)
(ANNEXURE-36 APR)
OBSERVANCE OF WEB BASED ASSET PERFORMANCE REVIEW (APR)
No of Accounts
No of Accounts (Rs. 50.00 Web based APRs Account wise Compliance to
pending for
Lakh and above) eligible submitted by the observations of the
submission in
for submission through Branch (No of Zonal Office/ Head observations of
respect of Web
Web based APR Accounts) Office ZO / HO
based APR
34 34 -
(ANNEXURE-37 WILFUL DEFAULTERS )
OBSERVANCE OF SIGNALS IN THE ACCOUNTS FOR WILFUL DEFUALTERS :
41 WILFUName of the a/c Reason for reporting as Wilful Defaulter
No Willful Defaulters have been identified during the month of June 2022
140
(ANNEXURE- 38 EARLY WARNING SIGNALS OBSERVED)
OBSERVANCE OF EARLY WARNING SIGNALS IN THE ACCOUNTS
Name of the a/c where the Early Warning Signals are observed Major deficiency /
Exposure to the Account : irregularity observed by
Details of funded / non-funded credit facilities : concurrent auditor
Refer Annexure mentioned below
Annexure
1. Accounts that are NPA’s
SR NO NAME ACCOUNT NO SANCTION AMOUNT
1 Uday Ajgaonkar 60132939645 570,000.00
2 Devanand Bhange 60132945173 380,000.00
3 Deepti Bagree 60133718626 697,000.00
4 Deepesh Parad 60136307453 1,375,000.00
5 Prakash Kennedy 60136342182 586,000.00
6 Prasad Dhanave 60136378651 550,000.00
7 Anand Bagade 60137237461 1,375,000.00
8 Neelam Mishra 60137894971 1,375,000.00
9 Praveen Coatwala 60138789794 1,268,000.00
10 Mohammad Shaikh 60140558423 894,000.00
11 Gopakumar Pillai 60141023962 562,000.00
12 Suresh Nagvekar 60141741848 653,000.00
13 Tarun Goyal 60142044223 2,600,000.00
14 Nitin Bhalerao 60143525224 2,028,000.00
15 Arvind Ingale 60144403758 1,600,000.00
16 Shunhangi Bhalekar 60145524658 1,900,000.00
17 Kamalakar Patil 60151364694 1,500,000.00
18 Sagar Panchal 60157936124 1,008,000.00
19 Pravin Korade 60170496572 2,175,000.00
20 Rupesh Pakhale 60171437673 784,000.00
21 Rekha Sonawane 60183024162 1,450,000.00
22 Suchit Tatkare 60248275658 1,769,000.00
141
2. Accounts that are probable NPA’s
SR ACC. NO. CUST. NAME SANC. AMT. SANC. AC. OPEN BALANCE
. DATE DATE
N
O.
1 60138780383 BABANRAO 1,344,000.00 22/07/2013 22/07/2013 1,259,213.34
NARAYANRAO
MIRATKAR
2 60144424973 TINA DSOUZA 2,264,000.00 22/07/2013 22/07/2013 1,870,978.98
3 60144397368 ALAGURAM LALLAN 1,850,000.00 22/07/2013 22/07/2013 1,221,782.00
PATEL
4 60145521782 NETRA RAJEUS 2,100,000.00 22/07/2013 22/07/2013 1,535,522.43
BALLAMWAR
5 60147087794 RAJU GHANSHYAM 752,000.00 22/07/2013 22/07/2013 689,226.97
SINGH
6 60137229711 SANTOSH SHIVAJI 653,000.00 22/07/2013 22/07/2013 455,335.66
INDALKAR
7 60136404854 ASHOK GAJANAN 649,000.00 22/07/2013 22/07/2013 485,773.04
PAWADE
8 60140855211 LAKSHMI BALRAM 1,344,000.00 22/07/2013 22/07/2013 1,146,508.00
KATHPALIA
9 60147158906 VISHAL MOHAN ABNAVE 1,612,000.00 22/07/2013 22/07/2013 1,271,749.33
Note:- During the course of audit we came across the above mentioned accounts to be NPA’s and probable NPA’s.
Branch has not yet provided us with details of action taken for the recovery of the above mentioned accounts.
For Bank of Maharashtra For V. L. Tikmani & Associates

Chief Manager,
Varthaknagar Thane.
________________
CA Vinod L. Tikmani
Partner
142
(ANNEXURE- 39 FREE LANCE REPORTING)
)
FREELANCE REPORTING:
(CONCURRENTAUDITORS MAY INCORPORATE HEREUNDER REPORT REGARDING ANY OTHER

POINTS / SUGGESTIONS OTHER THAN THE ABOVE)
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
__________________________________________.
ANNEXTURE –40 TAKE OVER FINANCE 56
TAKE OVER FINANCE REPORTING
Account Name of the Account taken Reasons for Whether entry level Reasons for early
No borrower from take over due diligence done or mortality, if any.
not?
143
(ANNEXTURE -41 CREDIT AUDIT
OBSERVATIONS IN THE CREDIT AUDIT CONDUCTED IF ANY:
PF Name of the Names .of Credit Audit Irregulari Irregularities Report closed
No. Senior Officer accounts completed and ties rectified by the by Zone and
/ Executive where Senior report submitted to observed branch closure
who has Officer branch / zonal certificate
conducted /Executive has office / Credit submitted to
credit audit conducted Monitoring Credit
credit audit Dept,H.O. Monitoring
Dept,H.O.
Whether reported in Page Date since Brief details of irregularities Remarks

Inspection Report (Specify Number outstanding & Classification of
date / month of the report) Irregularities such as
MAJOR / OTHER
(ANNEXTURE -42 LEGAL AUDIT )

OBSERVATIONS IN THE LEGAL AUDIT CONDUCTED IF ANY:
(Rupeesin Lakh)
No.of Accounts Amoun No.of Amoun No.of Accounts Amoun No.of Accounts Amoun
eligible for t Accounts t where t where Legal t
Legal Audit where observations in Audit Reports
Legal Audit the Legal Audit are closed
has been Report have
completed been complied
with
S.No. Name of the Names .of Legal Audit Irregularitie Irregularitie Report closed by
Panel accounts where completed and s observed s rectified by Zone and closure
Advocate who Panel Advocate report the branch certificate
has conducted has conducted submitted to submitted to
legal audit legal audit branch / zonal Credit
office / Credit Monitoring
Monitoring Dept,H.O.
Dept,H.O.
144
Whether reported in Page Date since Brief details of irregularities & Remarks
Inspection Report Number outstanding Classification of Irregularities such
(Specify date / month of as MAJOR / OTHER
the report)
(ANNEXURE—43 CONTROL ON EXPENDITURE )

CONTROL ON EXPENSES.
Please check that, this statement is sent to the Zonal office for their Noting. Sent Yes /
No
A) Details of Expenses more than Rs.1000.00 under the head Sundry Expenses: (The copy of the statement is to be
attached herewith)
(Rupees in Lakh)
Particulars of Sent to ZO for If yes, ZO
S No. Amount Remarks, If any.
Expenses confirmation Confirmation
1 3010
Bifurcation of the
2 1800
expenses has not been
3 1000
provided by branch.
4 35000
B) Details of Conveyance Expenses:

(Rupees in Lakh)
Particulars of Sent to ZO for If yes, ZO
S No. Amount Remarks, If any.
Expenses confirmation Confirmation
1
2
3
C) Details of Expenses for Tea / Coffee / Refreshments:

Sent to ZO for If yes, ZO
S No Particulars of Expenses Amount Remarks, If any.
confirmation Confirmation
1
2
3
D) Details of Expenses beyond the Sanctioning Powers of the Branch Head, the same has been noted by the approving
authority:
Whether
If yes, name
Amount obtained If yes,
Particulars and designation Remarks
S No Amount Exceeded approval from Approval
of Expenses of the , if any
by Competent date.
Authority.
Authority.
----- END OF THE REPORT ----
145
CHAPTER NO 5
FINDINGS AND SUGGESTION
FINDINGS:
The relationship between service quality dimensions and students’ satisfaction were
analysed and interpreted as follows :
 There is an overall negative response towards the Tangibility, Responsiveness

and a general lack of Empathy is found to be there amongst the employees of
Maha Bank.
 Students did not find any problems with Reliability and Assurance dimensions
of the Maha Bank.
 Students feel that there is a lack of Smartness in delivery of Banking service.

The atmosphere in the bank feels dull with lack of prompt service delivery
 The Junwani Branch of Maha Bank is relatively a small branch and thus lack
the infrastructure and ambience to give a soothing experience
 Young students are often scared and reluctant in handling of cash and they
often lack the awareness of banking procedures; bank should take a step
forward in helping them out.
 Students feel that there should be an ATM near to the campus for ease of
transactions
SUGGESTIONS:
 Reliability is an obvious place to start. Customers of the bank want to know their
resources are safe and within trustworthy institutions. A way to ensure this
peace of mind would be to take steps to ensure bank employees are well trained,
146
so each bank associate is able to offer complete and comprehensive information
at all times. Consistent policies combined with a knowledgeable staff will foster a
high degree of institutional cohesion and reliability.
 Tangibility pleases in banking industry. People tend to visit the same branch of a
bank over and over again. Usually, this is a location close to their home or their
workplace. It is natural that customers become comfortable and habituated to
these branch banks, for the same reason they develop familiarity with a
neighborhood supermarket or convenience store. It makes sense that bank
employees would be encouraged to learn to recognize these regular customers,
learn their names, and begin to identify their basic service requirements.
 The bank should enhance the responsiveness and empathy dimensions to gain a
competitive advantage among the customers.
 The five-dimensional structure could possibly serve as a meaningful framework

for tracking a bank’s service quality performance over time and comparing it
against the performance of competitors. Items on some dimensions should be
expanded if that is necessary for reliability.
 Thus, the banking industries must continuously measure and improve these
dimensions in order to gain customers’ loyalty.
CONCLUSION:
Service quality should be used as a strategic tool to get a competitive advantage over the
competitors. With the increasing levels of globalization of the Indian banking industry,
and adoption of universal banks, the competition in the banking industry has
intensified. Any where’ and ‘any time banking now become a reality. Based on the study
conducted it can be concluded that the responsiveness and empathy are the critical
dimensions of service quality. The tangibility, reliability dimensions tend to be
disappointing and proper steps are needed to taken in these dimensions.
147
The study brings about the areas which require urgent attention of the employees, the
management, and the policy makers of the industry. The management should
understand the benefits of service quality. It includes increased customer satisfaction,
improved customer retention, positive word of mouth, reduced staff turnover,
decreased operating costs, enlarged market share, increased profitability, and improved
financial performance. In the days of intense competition, superior service is the only
differentiator left before the banks to attract, retain and partner with the customers.
Superior service quality enables a firm to differentiate itself from its competition, gain a
sustainable competitive advantage, and enhance efficiency. Thus, improving service
quality leads to the customer satisfaction and, ultimately, to customer loyalty.
BIBLOGRAPHY:
BANK AUDIT – BANK OF MAHARASHTRA ( THANE – VARTAK NAGAR BRANCH)
WEBSITES
1) www.icra.com
2) www.google.com
3) www.icai.org
NEWS PAPER
1) ECONOMIC TIMES
2) BUSINESS STANDARD
148
ANNEXURE
149
QUESTIONNAIRE
1) Maharashtra bank has modern equipments as well as large ATM network
a. Highly Disagree
b. Disagree
c. Neutral
d. Agree
e. Highly Agree
2) Maharashtra bank’s physical features are visually appealing
a. Highly Disagree
b. Disagree
c. Neutral
d. Agree
e. Highly Agree
3) Maharashtra bank employees provide accurate information related to e-delivery

channels
a. Highly Disagree
b. Disagree
c. Neutral
d. Agree
e. Highly Agree
4) Maharashtra bank never misuses my personal information
a. Highly Disagree
150
b. Disagree
c. Neutral
d. Agree
e. Highly Agree
5) Employees in Maharashtra bank are always willing to help and provide prompt
services
a. Highly Disagree
b. Disagree
c. Neutral
d. Agree
e. Highly Agree
6) Employees in Maharashtra bank always provide appropriate technology related

information
a. Highly Disagree
b. Disagree
c. Neutral
d. Agree
e. Highly Agree
7) Maharashtra bank is secure for our credit card information
a. Highly Disagree
b. Disagree
c. Neutral
d. Agree
e. Highly Agree
151
8) I feel safe in carrying out my transactions with Maharashtra bank
a. Highly Disagree
b. Disagree
c. Neutral
d. Agree
e. Highly Agree
9) The employees of Maharashtra bank understand my specific needs
a. Highly Disagree
b. Disagree
c. Neutral
d. Agree
e. Highly Agree
10) Maharashtra bank gives individual attention to me
a. Highly Disagree
b. Disagree
c. Neutral
d. Agree
e. Highly Agree
152

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A PROJECT REPORT

[“A STUDY ON BANK AUDIT OF BANK OF MAHARASHTRA

Submitted in Partial Fulfillment for the award of the Degree

MASTERS OF MANAGEMENT STUDIES

Under University of Mumbai

[POOJA SHRIKANT YADAV]

ROLL NO. MS2122084

Under the Guidance of

[Prof. TEJASWI BHOSALE ]

INSTITUTE OF MANAGEMENT & COMPUTER STUDIES

Is a bonafied work undertaken by me and it is not submitted to any other

Name of the Students : POOJA SHRIKANT YADAV

Roll Number : MS2122084

Signature of the Student :

This is to certify that project titled A STUDY ON BANK AUDIT OF

BANK OF MAHARASHTRA WITH SPECIAL REFERENCE TO V.L

Mr. POOJA SHRIKANT YADAV

During the Semester III, in partial fulfillment of the Masters Degree in

Name of the Organizations Representative :

Prof. TEJASWI BHOSALE

Roll Number : MS2122084

Date: Signature of the Guide

BANK OF MAHARASHTRA WITH SPECIAL REFERENCE TO V.L

Prof. TEJASWI BHOSALE

Project Guide / External

I take this opportunity to express my gratitude and extend my thanks to all

SIGNATURE AND NAME OF THE STUDENT WITH DATE

1 INTRODUCTION TO THE STUDY

3 THE CONCEPTUAL BACKGROUND

A STUDY ON BANK AUDIT OF BANK OF MAHARASHTRA

The remuneration of the auditor of a banking company is fixed in the general

1.2 OBJECTIVE OF THE STUDY

1.3 LITERATURE REVIEW

Brahmbhatt, M and Panelia, D (2008) in their study “An Assessment of Service

Hinson, R, Mohammed, A and Mensah, R (2006) through their work on

Singh, SP and Khurana, S (2011) in their research “Analysis of Service Quality

Ananth, A, Ramesh, R and B, Prabaharan (2010) in their paper “A Service Gap

1.4 RESEARCH METHODOLOGY

Research Methodology is the way to systematically solve the problem, in it we

1.4 1 RESEARCH TYPE

1.4 2 DATA COLLECTION

1.4 3 SAMPLING PLAN

1.5 SCOPE OF THE STUDY

Mr. Vinod L. Tikmani,enrolled as a member of the Institute of Chartered

V. L. Tikmani & Associates is a multi-disciplinary Chartered Accountants firm,

ABOUT V.L TIKMANI & ASSOCIATES

2.4 HEAD OFFICE

A banking companies are requires maintaining the books of account in

Various persons such as the owners, shareholders, investors, creditors,

 Mautz define the auditing as “auditing is concerned with the verification of

 International auditing guidelines defines the auditing as “auditing is an

BASIC PRINCIPAL OF AUDITING:

• Integrity, objectivity and independence:

3) Skill and competence:

7) Evaluation of accounting system and internal control:

8) Opinion and report:

Capital & Liabilities: Assets

In pursuance of RBI circular September 26, 1995, a bank is required to

ADVANTAGES OF BANK AUDITING

1) Assurance of true and fair accounts:

2) True and Fair balance sheet:

3)True and fair profit and loss account: