Narayankhed (1709)Branch Observations during the Audit Period
from 01.01.2024 to 31.03.2024
Excess cash retention limit:
Total No of Days Excess Cash Holding: 32
Average Excess Cash Holding to Excess Holding Days 9,40,236.44
Average Excess Cash Holding During The Period: 3,30,632.59
Average Cash Holding During The Period: 39,74,166.73
Account opening forms:
It is observed that for witness not obtained for thumb impression customers. -
OBTAINED
It is observed that mode of operation not mentioned on account opening forms opened
during the period. -MENTIONED
It is observed in the application form customer signature not obtained at required
places. - OBTAINED
Most of the account opened under product code 2202 during the period are not signed
by Authorized officer and verifying officer.- UPDATED
FD account opening forms:
Senior citizenship/Staff not mentioning on application form. - MENTIONED
Disposal instructions not mentioned.- MENTIONED
Gold loan forms:
Sanction order &Joint custody manager/authorized officer signature not obtained. -
OBTAINED
Amount in words not specified in DP note. - UPDATED
Appraiser stamp and sign not obtained on schedule part in the application form. -
OBTAINED
For, thumb impression customers witness sign not obtained. - OBTAINED
Loan and Advances Observations:
Accoun Disb Disbur Complianc
S Sancti
t Custome Sanctione urse sed Observatio e
N on
Numbe r Name d Amount d Amoun ns
o Date
r Date t
SHG SwayamKrushi Loans
1.Post Post dated
dated cheque
cheque form
170951 11-
ARSHIYA 11-03- 1,00,000.0 1,00,00 form not obtained
1 920000 03-
ANJUM 2024 0 0.00 obtained. and KYC
008 2024
2.KYC not verified by
verified by FO/BM.
FO/BM.
2 170951 MARICA 11-03- 1,00,000.0 11- 1,00,00 1.Post Post dated
920000 ARROLA 2024 0 03- 0.00 dated cheque
form
cheque
W/O obtained
009 2024 form not
SAILU and
obtained.
enclosed
Rural Housing Loans
Sanction -
170952 BADARG 25-
12-07- 15,00,000. 5,25,00 order not
1 910000 AMA 01-
2023 00 0.00 filed(updat
040 VITTAL 2024
ed)
PMEGP LOANS TO INDIVIDUAL
Post dated
MACHUK Post dated cheque
170953 28-
URI 28-03- 19,00,000. 9,00,00 cheques form
1 690000 03-
THUKAR 2024 00 0.00 not obtained
012 2024
AM obtained. and
enclosed
LT-RCF Societies
1.Insurance Insurance
not obtained
170958 31-
PACS 31-01- 4,79,000.0 4,79,00 obtained. and
1 000000 01-
MANOOR 2024 0 0.00 2.UC not enclosed
234 2024
filed(updat
ed)
1. 2nd EC -Insurance
not filed. obtained
(updated) and
170958 PACS 07- 2. enclosed
07-03- 4,58,325.0 4,58,32
2 000000 NARAYA 03- Insurance
2024 0 5.00
236 NKHED 2024 not filed
3.UC not
filed(updat
e)
170958 PACS 07- 2nd EC not -
07-03- 5,00,000.0 5,00,00
3 000000 NARAYA 03- obtained(u
2024 0 0.00
237 NKHED 2024 pdate)
1. 2nd EC Insurance
not filed. obtained
(updated) and
170958 PACS 12- 2. enclosed
12-03- 4,58,325.0 4,58,32
4 000000 BACHEPA 03- Insurance
2024 0 5.00
238 LLY 2024 not filed
3.UC not
filed.
(updated)
1. 1st Insurance
insurance obtained
170958 21-
PACS 02-01- 15,00,000. 7,23,35 expired. and
5 000000 03-
MANOOR 2023 00 0.00 2.UC not enclosed
075 2024
filed.
(updated)
170958 26- 1. 1st Insurance
PACS 10-03- 19,94,000. 10,30,5 and DP
6 000000 03- instalment
MANOOR 2023 00 00.00 note
114 2024 dairy
Insurance obtained
expired on and
25.03.2024. enclosed
2.Dp note
not
obtained
Rs.10,30,50
0.00
1.Insurance Insurance
not obtained
170958 PACS 26-
26-03- 4,58,325.0 4,58,32 obtained and
7 000000 NARAYA 03-
2024 0 5.00 2.UC not enclosed
239 NKHED 2024
filed.
(updated)
1.Insurance Insurance
not obtained
170958 06-
PACS 07-08- 4,79,000.0 4,79,00 obtained and
8 000000 01-
MANOOR 2023 0 0.00 2.UC not enclosed
233 2024
filed.
(updated)
1. 2nd EC Photos
170958 PACS 03- not filed. obtained
03-02- 4,50,000.0 4,50,00
9 000000 NARAYA 02- (updated) and
2024 0 0.00
235 NKHED 2024 2.Photos enclosed
not filed.
1.UC not Insurance
filed. obtained
(updated) and
170958 19-
1 PACS 26-05- 18,00,000. 10,36,0 2.Insurance enclosed
000000 03-
0 MANOOR 2023 00 00.00 for 1st
181 2024
installment
is not
obtained.
1.UC not Insurance
filed. obtained
(updated) and
170958 26-
1 PACS 26-05- 15,00,250. 7,27,25 2.Insurance enclosed
000000 03-
1 MANOOR 2023 00 0.00 for 1st
180 2024
installment
is not
obtained.
1.Insurance Insurance
for 1st obtained
170958 26-
1 PACS 03-06- 19,94,000. 10,36,0 installment and
000000 03-
2 MANOOR 2023 00 00.00 amount is enclosed
184 2024
not
obtained.
1 170958 PACS 03-06- 19,94,000. 26- 10,36,0 1. Insurance
3 000000 MANOOR 2023 00 03- 00.00 Insurance obtained
185 2024 for 1st and
installment enclosed
amount is
not
obtained.
SHG Loans:
Sanction order scrutiny remarks are not rectified. - RECTIFIED
Over writing observed in SHG resolutions, CCL document and dates are modified in
resolutions obtained. - RECTIFIED
SAO loans
A Class:
It is observed HO specified drawl format is not using, and all fields are not filled-
RECTIFIED
Credit limits are not filled completely, ex. Customer details, charge declaration. etc., -
RECTIFIED
For every drawls TP,DP,LoC not obtaining.- - OBTAINED
Before dharani mortgage loans, dharani charge created EC not enclosed to credit limits
application.
Second EC is not enclosed to new credit limits application -ENCLOSED
latest 1B and valuation certificate not enclosed for renewal loans -ENCLOSED
New title books are not enclosing to credit limit for loan amount above Rs. 1,60,000.00 -
ENCLOSED
Over writings observed in credit limit, drawl copies and TP,DP & LoC during the period -
RECTIFIED
B Class:
No due certificate not enclosed to the file during the period. -ENCLOSED
Allotment order from HO is not enclosed to the files during the period. -ENCLOSED
2nd EC not enclosed. -ENCLOSED
KYC verification not done for all SAO B class loans. – KYC Verification Done
Lockers:
Some locker security term deposit receipts are not kept with branch joint custody- OBTAINING
4. Budget exceeded:
Excess Compliance
Expenditure Budget Budget budget
S.No head allotted utilized used
Due to various
enquiries by our
higher agencies and
1,10,000.00 police department
97063- enquiry refreshment
Refreshment 1,16,906.0 charges exceeded than
1 Charges 0 6906.00 allocated budget
2 97105- 6,400.00 13,753.00 7353.00 Due to stationery and
Xerox copies
requirement on
misappropriation of
Purchase Of funds cases stationary
Computer charges exceeded than
Stationery allocated budget
Due to fee paid for
Tree falling fee to
narayankhed
municipality and
2000+5000 sirgapur branch
opening flexi printing
97269- Miscellaneous
Miscellaneous Expenses exceeded
3 Expenses 9188.00 2188.00 than allocated budget
Instead of scavenger
charges head used this
Not allotted
labour charges head,
budget
97060-Labour we will not repeat this
4 Charges 600.00 600.00 again
Instead of scavenger
charges head used this
Not allotted
97059-House labour charges head,
budget
Keeping we will not repeat this
5 Charges 100.00 100.00 again
140547.0
123400.00
Total 0 17147.00
