Industries
Co-operative Banks & Financial Institutions
Co-operative banks operate under a distinct regulatory framework - governed by both the RBI and state co-operative acts - with specific audit requirements that differ from scheduled commercial banks. Our firm has direct experience with co-operative bank audit and financial review, and our partners hold co-operative banking certification from ICAI.
Who This Is For
Urban co-operative banks, district central co-operative banks, state co-operative banks, and co-operative credit societies that need statutory audit, internal audit, credit monitoring, KYC/AML review, and financial risk assessment from a qualified and experienced firm.
What We Offer
- ✓Statutory Audit
- ✓Internal Audit
- ✓Concurrent Audit
- ✓Credit Monitoring
- ✓Asset Quality Review
- ✓KYC / AML Compliance Review
- ✓Financial Risk Assessment
- ✓Account Review & Irregularity Identification
- ✓Fraud Risk Assessment
- ✓Compliance Review
- ✓Financial Reporting
Our Approach
Apply the co-operative banking audit framework.
Co-operative banks are audited under specific RBI guidelines and state co-operative acts. We apply the right framework, not a generic bank audit approach.
Focus on asset quality and credit risk.
The most significant financial risks in co-operative banks typically sit in the credit portfolio. Our credit monitoring and asset quality review directly addresses the quality of loans and advances.
Review KYC and AML compliance rigorously.
Co-operative banks often serve large numbers of small customers and face significant KYC compliance challenges. Our KYC/AML review is thorough and practical.
Why SASVA & Associates
- ✓Partners certified in Co-operative banking (ICAI)
- ✓Partners certified in Anti Money Laundering Laws (ICAI)
- ✓We hold MEF Category I empanelment for RBI bank audits
- ✓Statutory audit experience with The Sutex Co-Operative Bank and other co-operative banking entities
- ✓4 partners with ICAI concurrent audit certification
Related Services
Frequently Asked Questions
Do you hold certifications specifically for co-operative bank audit?
Yes. Our partners hold co-operative banking certification from ICAI, alongside MEF Category I empanelment for RBI bank audits.
Have you audited co-operative banks before?
Yes. Our track record includes statutory audit of The Sutex Co-Operative Bank alongside other co-operative banking entities.
Can you conduct KYC and AML compliance reviews for a co-operative bank?
Yes. KYC/AML compliance review is a specific part of our co-operative banking services, and one of our partners holds ICAI Anti Money Laundering Laws certification.
Do you conduct credit monitoring and asset quality review?
Yes. Credit monitoring and asset quality review are core parts of our co-operative bank practice.
Can you identify account-level irregularities in a co-operative bank's loan portfolio?
Yes. Account review and irregularity identification is included in our service for this sector.