Statutory auditor has been appointed and audit is in progress for the year 2010-11.
Statutory auditor evaluates the entire yearly performance of the bank & on the basis of various marks obtained, they declare audit rating of the bank. Last many years we have obtained Audit Rating 'A' continuously without any exception. This rating is recognized by all the depositors and customers while transacting business with the bank.
RBI is conducting periodical inspection of the bank. On the basis of last financial year and on the basis of evaluation of the working, they award their inspection rating. This improves & maintains the bright image of the bank in the society. |