Industries
Banking & Financial Services
Banks, NBFCs, and financial institutions operate in one of the most heavily regulated environments in India, with specific audit empanelment requirements, RBI guidelines, and IBA frameworks governing who can provide professional services to them. We are MEF Category I empanelled for RBI bank audits, IBA-empanelled as both an Agency for Specialized Monitoring and a Forensic Auditor, and have completed 50+ bank audit engagements since 2007.
Who This Is For
Public and private sector banks, co-operative banks, NBFCs, financial institutions, and other lending organisations that need statutory audit, concurrent audit, credit monitoring, forensic investigation, or ASM services from a qualified and empanelled firm.
What We Offer
- ✓Statutory and Concurrent Audit of Banks
- ✓Stock & Receivable Audit
- ✓Special Audit
- ✓Agency for Specialized Monitoring (ASM)
- ✓Credit Monitoring
- ✓Financial & Transaction Review
- ✓End-Use Verification
- ✓Account Review & Irregularity Identification
- ✓Fraud Risk Assessment
- ✓KYC / AML Review
- ✓Forensic Audit & Investigation
- ✓Credit Due Diligence
- ✓Project & Security Verification
Our Approach
Apply the right empanelment.
Different banking assignments require different empanelments - MEF for statutory and concurrent audits, IBA for ASM and forensic work. We hold both and assign accordingly.
Focus on what lenders need to know.
Whether it's an account-level irregularity review, an ASM monitoring visit, or a forensic audit, our output is structured around what the bank's credit, risk, or compliance team needs to act on.
Flag issues before they become defaults.
Early warning signal identification is built into our monitoring work, not added as an afterthought.
Why SASVA & Associates
- ✓We hold MEF Category I empanelment for RBI bank audits
- ✓We hold IBA ASM Empanelment No. 2025-26/0078-F
- ✓We are IBA-empanelled Forensic Auditor - up to and above ₹50 crore
- ✓50+ bank statutory and concurrent audit engagements since 2007 - including SBI, Bank of India, Central Bank, UCO Bank, Indian Bank, Bank of Baroda, and others
- ✓30+ ASM engagements since 2020
- ✓75+ forensic and transaction audit assignments since 2018
- ✓Partners certified in Concurrent Audit of Banks and Anti Money Laundering Laws (ICAI)
Related Services
Frequently Asked Questions
Are you empanelled for bank statutory audits?
Yes. We hold MEF Category I empanelment for RBI bank audits.
Can you conduct ASM for a borrower account?
Yes. We are IBA-empanelled as an Agency for Specialized Monitoring with 30+ engagements since 2020.
Do you cover co-operative banks?
Yes. Our experience includes audit and financial review of co-operative banks and financial institutions.
Can you investigate suspected fund diversion in a borrower account?
Yes. Forensic audit, fund diversion review, and end-use verification are core parts of our banking services.
Do you work with NBFCs as well as scheduled banks?
Yes. NBFC is one of the key sectors covered under our ASM, forensic audit, and concurrent audit practice.