Sector overview
The Banking, Financial Services, and Insurance (BFSI) sector operates under strict regulatory oversight from institutions such as the RBI, IRDAI, and SEBI. Maintaining compliance requires ongoing monitoring, risk-focused internal controls, and independent auditing of loan assets and provisions. We provide statutory branch audits, concurrent audits, asset quality reviews, and regulatory compliance advisory for banking entities, non-banking financial companies (NBFCs), and microfinance institutions.
Common challenges
- Adhering to asset classification and provisioning norms under RBI directives.
- Ensuring operational compliance with KYC, anti-money laundering (AML), and customer data protection guidelines.
- Conducting concurrent audits of high-volume financial transactions.
- Verifying credit exposures and stock-debt limits for borrowers.
How we support this industry
- Statutory Branch Audits and Concurrent Audit services.
- Asset Quality Reviews (AQR) and portfolio risk assessments.
- RBI compliance advisory for NBFC licensing and reporting.
- Stock and Receivables Audits for credit monitoring.
