Exper panel for Bank Audit ..............., Income leakage issues some ponts.

Dear Members,

This is a sample list of income leakage issues in bank audit that can be used for quick reference. Many more such points can be added. It is illustrative and not exhaustive.

• ͏   Locker Rents
• ͏   Issue of duplicate pass book/ statement-Charges to be collected
• ͏   Cheque book issue charges
• ͏   ATM card maintenance charges
• ͏   Duplicate ATM card charges
• ͏   Stop payment instruction-Charges to be collected
• ͏   Account closure before 12 months-Charges to be collected
• ͏   Cheque return charges
• ͏   No Dues Certificate-Charges to be collected
• ͏   Minimum service charges for not maintaining minimum balance
• ͏   Processing of Standing Instructions(SI)other than bank transfers-Charges to be collected
• ͏   Cash handling charges
• ͏   Solvency Certificate-Charges to be collected
• ͏   Electronic Clearing Service Charges
• ͏   Deposit of cash at non-home CBS branches
• ͏   Transfer of funds from Home branch to 3^rd party a/c s at another CBS branch
• ͏   RTGS/ NEFT Charges
• ͏   Loan processing charges
• ͏   Inspection Fees
• ͏   Commitment Charges (on unutilized prtion) – Term Loans & Overdraft a/c s
• ͏   Non-submission of audited balance sheet-Charges to be collected
• ͏   Non-submission of stock statements-Charges to be collected
• ͏   Commission on Bank Guarantees, Letter of Credit(LC)s

 Regards,

S.V.Subba Rao, FCA