Concurrent Audit of Bank MTP

📚 Resource Downloads

1. Manual on Concurrent Audit of Banks

2. Early Signals of Fraud in Banking Sector

3. Compliances of Service Tax/GST in Banking Sector

4. Guidance Note on Audit of Banks (2022 Edition)

With CAB certification, you’re not just advancing your career—you’re becoming a vital part of the financial ecosystem.

📚 This course provides a comprehensive overview of banking and finance, drawing from a wide range of topics relevant to the banking industry, with a focus on the concepts, regulations, and practices that are essential for banking professionals.

Our Topic Wise Quizzes consist of all these Frequently asked topics in Exam

I. Core Banking Operations & Regulations:

This module delves into the foundational aspects of banking, covering the legislative framework that governs banking operations in India, including:

• 📜 The Banking Regulation Act of 1949 which is the primary legislation that governs and controls banking companies in India.
• 🏛 The Reserve Bank of India Act of 1934 which outlines the functioning and powers of the Reserve Bank of India.
• 📄 RBI circulars and guidelines that provide specific instructions for banks.
• 🔑 Key committees and their roles.
• 💻 Core Banking Solutions (CBS), which are comprehensive software solutions that enable banks to manage their operations.
• 🏦 The regulatory framework for Cooperative Banks and Regional Rural Banks (RRBs).
• 🌐 The Basel Accords, which set international standards for banking regulation and supervision.
• 📊 Income Recognition and Asset Classification (IRAC) norms which are used by banks to classify their assets based on quality.
• 📑 Various sections of banking-related acts.
• 📝 Centralized Credit Processing Units (CCPUs) and their role in processing loan applications.
• 💵 Counterfeit currency and the procedures for handling and reporting it.
• 🧾 Stamp duty regulations and their application in various financial documents.

II. Legal and Regulatory Compliance:

This module focuses on the legal and compliance aspects that banks must adhere to, including:

• 📜 The Income-tax Act of 1961.
• 💼 Insolvency procedures and the Insolvency and Bankruptcy Code (IBC).
• 🚨 The Prevention of Money Laundering Act (PMLA) of 2002, and other Anti-Money Laundering (AML) laws.

III. Customer Accounts & Services:

This module covers the various types of accounts and services banks offer to customers, as well as the related regulations and guidelines including:

• 👥 Joint accounts.
• 💰 Savings Bank Accounts.
• 📄 Small accounts designed for individuals with limited KYC documentation.
• 🌍 Non-resident ordinary (NRO) and Non-resident external (NRE) accounts.
• 🔍 Know Your Customer (KYC) guidelines for customer verification.
• 📝 Nomination facilities for bank accounts and locker services.
• 🔒 Locker services, including deposit requirements and regulations.

IV. International Banking and Finance:

This module deals with international transactions and regulations, such as:

• 💱 Foreign exchange markets and trading.
• 🏦 The Fixed Income Money Market and Derivatives Association of India (FIMMDA).
• 🧾 Interest Not Collected Account (INCA).
• 💸 The Liberalized Remittance Scheme (LRS) for individuals to remit funds abroad.

V. Financial Transactions & Instruments:

This module focuses on the various financial instruments used in banking, as well as their specific use:

• 🏧 Automated Teller Machines (ATMs), their transactions and customer rights.
• 📈 Call money market operations.
• 📄 Certificates of deposit (CDs) and their regulatory guidelines.
• ✍ Cheques and their handling as per banking norms.
• 💼 Commercial paper.
• 💵 Cash management and related transactions.
• 📊 Cash flow analysis and budgeting.
• 💰 Treasury bills and their issuance by the Government of India.
• 📉 Short term finance options.
• 💳 Factoring of accounts receivable.
• 📜 Unrealized income in prior year (URIPY).
• 🌍 Nostro accounts and their functions.
• 📒 Ledger and its use in banking.

VI. Lending, Credit & Security:

This section covers the different aspects of lending, credit risk, and the various forms of security:

• 💸 Loans and their classification.
• 📅 Term loans.
• 🏦 Working capital management and assessment.
• 💳 Lines of credit and their utilization.
• 🏢 Micro, Small, and Medium Enterprises (MSME) lending and restructuring.
• 💼 The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.
• 🌐 Export finance and related mechanisms.
• 📜 Guarantees, including bank guarantees and corporate guarantees.
• ⭐ Credit rating and its significance.
• 🚨 Non-Performing Assets (NPAs) and their management.
• 📝 Special Mention Accounts (SMAs) and their classification.
• 📊 Provisions for potential losses.
• 🛡 The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act of 2002.
• 🏡 Mortgages and related concepts.
• 📑 Immovable property and its valuation.
• 🚚 Movable goods and their use as collateral.

VII. Bank Lending and Operations:

This section includes topics related to the day-to-day operations of banks that were not covered elsewhere.

VIII. Financial Management & Risk:

This module encompasses crucial areas of financial planning and risk management within banks, including:

• 📊 Budgeting principles and practices.
• 📈 Capital budgeting techniques.
• 💵 Cash budget.
• 🏦 Capital Adequacy and its importance in maintaining financial stability.
• 🛡 Risk management strategies and their importance.
• 📈 Portfolio management and diversification.
• 💰 Investment strategies and asset allocation.
• 📉 Interest calculation methods.

IX. Audit & Compliance:

This module focuses on the various auditing and compliance functions within a bank, including:

• 🔍 Concurrent audit.
• 📋 General audit procedures.
• 📑 Legal audit requirements.
• 📝 Statutory audit.
• 🧾 Due diligence procedures for loans.

This course provides a blend of theoretical knowledge and practical insights, enabling participants to gain a holistic understanding of the banking sector and its various facets. By covering these topics, the course aims to prepare individuals for a variety of roles within the banking industry, while ensuring they are knowledgeable about the regulatory and compliance aspects of banking operations.