Branch Statutory Audits serve as a crucial compliance mechanism within the Indian banking system, ensuring that each branch of a bank adheres to the regulatory and financial reporting requirements prescribed by the Reserve Bank of India (RBI) and other governing bodies. At CHOWDARY & RAO, we bring extensive experience in conducting Branch Statutory Audits for public and private sector banks across India, ensuring accuracy, reliability, and transparency in financial reporting at the branch level.

Our audit procedures encompass a comprehensive review of key operational areas including cash and treasury operations, loan and advance portfolios, asset classification, income recognition, provisioning norms, and compliance with KYC/AML regulations. We verify that the branch accounts reflect a true and fair view of its financial position and ensure that internal controls are functioning effectively. Special attention is given to NPA identification, restructuring, and documentation, all in line with RBI's Master Circulars and other applicable guidelines.

Our firm is empanelled with the RBI and CAG and is well-versed in the audit expectations specific to banking operations. We deploy skilled teams familiar with Core Banking Solutions (CBS), who follow a risk-based approach and adhere strictly to the Standards on Auditing (SA) issued by ICAI. Every assignment is executed with independence, professional skepticism, and confidentiality, ensuring that stakeholders receive credible audit outcomes that support regulatory compliance and institutional integrity.