Services
Banking & Financial Institution Services
Specialised professional services for banks, NBFCs, and financial institutions covering credit monitoring, financial review, risk assessment, and investigation. Our banking practice is built around real empanelments - MEF Category I for RBI bank audits, IBA empanelment for ASM and forensic audit - backed by 50+ bank audit engagements since 2007.
Who This Is For
Public and private sector banks that need concurrent or statutory audit coverage, NBFCs managing credit risk across a large borrower book, and financial institutions requiring independent credit monitoring, ASM, or account-level investigation.
What's Included
- ✓Concurrent Audit of Banks
- ✓Stock & Receivable Audit
- ✓Special Audit
- ✓Credit Monitoring
- ✓Financial & Transaction Review
- ✓End-Use Verification
- ✓Account Review & Irregularity Identification
- ✓Fraud Risk Assessment
- ✓KYC / AML Review
- ✓Agency for Specialized Monitoring (ASM)
- ✓Credit Due Diligence
- ✓Project & Security Verification
Our Approach
Understand the credit exposure.
Each banking engagement starts with the nature of the exposure - the borrower's sector, the lending structure, and the specific concern or compliance requirement driving the engagement.
Apply the right audit or monitoring framework.
Concurrent audits, ASM assignments, credit due diligence, and account irregularity reviews each have different methodologies. We apply the right one and document it properly.
Report with clarity and timeliness.
Banking clients need reports that arrive on schedule and flag what matters clearly. We structure our outputs around what the bank's credit or risk team actually needs to act on.
Why SASVA & Associates
- ✓We hold MEF Category I empanelment for RBI bank audits
- ✓We are IBA-empanelled as Agency for Specialized Monitoring
- ✓We are IBA-empanelled as Forensic Auditor (up to and above ₹50 crore)
- ✓50+ bank statutory and concurrent audit engagements since 2007 - including Central Bank of India, Bank of India, State Bank of India, UCO Bank, Indian Bank, Bank of Baroda, and others
- ✓4 partners with ICAI concurrent audit certification
- ✓Partners certified in Anti Money Laundering Laws (ICAI)
Related Services
Frequently Asked Questions
Which banks have you worked with on statutory and concurrent audits?
Our bank audit track record includes Central Bank of India, Bank of India, State Bank of India, Jammu & Kashmir Bank, UCO Bank, Indian Bank, Bank of Baroda, Punjab & Sind Bank, Saurashtra Gramin Bank, Gujarat Gramin Bank, and The Sutex Co-Operative Bank, among others.
Are you qualified to conduct concurrent audits for private sector banks?
Yes. We hold MEF Category I empanelment for RBI bank audits and 4 of our partners hold ICAI concurrent audit certification.
Can you review borrower accounts for irregularities?
Yes. Account review and irregularity identification is a specific part of our banking services, alongside credit monitoring and financial transaction review.
Do you conduct credit due diligence for new lending decisions?
Yes. Credit due diligence and project and security verification are covered under our banking and financial institution services.
Are your KYC and AML reviews compliant with RBI requirements?
Yes. Our KYC/AML reviews are conducted in line with applicable RBI and PMLA requirements, and one of our partners holds ICAI Anti Money Laundering Laws certification.