Jila Shahakari Kendriya Bank Maryadit Financial
Audit Services – Review Of Financial Statements , Financial Reporting Framework
, Audit Report , Audit Firm, CA Firm
Nature of Work
Concurrent Audit for FY 2026–27 covering:
- Audit of 47 branches + Head Office
- Cash & vault verification
- Loan/advance verification
- NPA classification review
- Verification of operational activities
- Compliance verification (RBI/NABARD/internal policies)
- Verification/certification of regulatory returns (GST, Income Tax,
investments, etc.)
- Quarterly audit reports with compliance checklist and executive
summary.
Eligibility Criteria
- Firm must be ICAI/ICMAI registered
- Minimum 2 partners with DISA certification
- Minimum 4 years' banking concurrent audit experience
- Minimum 2 years' experience in cooperative bank audits
- At least one similar audit assignment in a
cooperative/commercial bank within last 3 years
- Firm should not be blacklisted
- Bidder/representative should have Head Office in Chhattisgarh
- Office should exist within bank's operational area.
Firm Requirement
- Registered audit firm (ICAI/ICMAI)
- Qualified audit team with certified members
- Required experience and supporting documentation
- Capability to deploy auditors and maintain confidentiality
- Submission of Annexures and supporting credentials.
Advance Requirement
- Loan/Advance verification includes:
- Verification of KCC/loan sanction letters
- Verification of loan documents sanctioned at branch level
- Review of NPA classification
- Verification of subsidy and margin money.
Location Requirement
- Head Office: Jagdalpur, Chhattisgarh
- Bidder's head office/representative office required in Chhattisgarh
- Local office within bank operation area preferred for physical
verification activities
- Audit covers 47 branches + Head Office.
Contract Details
- Contract Type: Rate Contract / Work Order Basis
- Procurement Mode: Open Tender (GeM)
- Service Category: Concurrent Audit
- Bid Validity: 10 days
- Technical and financial bids submitted separately (2-packet bid)
- Audit reports to be submitted quarterly.
Financial Details
- Payment released through GeM portal
- Payment only after:
- Submission of audit report and bill
- Acceptance of audit reports by bank
- Subject to statutory deductions:
- TDS
- GST
- Other applicable taxes
- No other allowance/reimbursement payable
- EMD and Performance Security: As per GeM norms (if applicable)