Jammu And Kashmir Bank Limited
Engagement of external Auditors for conducting Audit of Internal Audit & Compliance (Follow-up) Functions covering the period from 01.04.2022 to 31.03.2025 with regard to Quality assurance & improvement Programme
Basic Tender Information
Purpose of the Tender
J&K Bank wants to appoint an external auditor to conduct a Quality Assurance & Improvement Program (QAIP) audit of:
· Internal Audit Function
· Compliance (Follow-up) Function
Audit period to be reviewed:
📅 1 April 2022 to 31 March 2025
Eligibility Criteria
The bidder must:
1. Be a Partnership Firm / LLP / Company
2. Have minimum 2 FCA-qualified professionals
3. Have at least 3 years of experience in banking audits
4. Have conducted similar audits in PSBs or Private Banks
5. Be profitable for last 3 financial years (FY 2022-23 to 2024-25)
6. Have a permanent office in India for 3+ years
7. Not be blacklisted / banned by any authority
8. Not be related to J&K Bank staff/directors
9. Not appear in IBA caution list
Financial Requirements
Tender Fee (Non-Refundable)
· ₹500 (via NEFT/Transfer)
Earnest Money Deposit (EMD – Refundable)
· ₹25,000 (via NEFT/Transfer)
Bid Submission Details
· Mode: Online only
· Portal: https://jkbank.abcprocure.com
· Bids Required:
o Technical Bid
o Commercial (Price) Bid
💡 Selection Method: Reverse Auction
💡 Quoted price must be all-inclusive (travel, lodging, expenses, etc.)