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ICAI issues advisory for Statutory Bank Branch Auditors

ICAI issues advisory for Statutory Bank Branch Auditors

Advisory for Statutory Bank Branch Auditors   Specific Considerations while conducting Distance Audit / Remote Audit / Online Audit of Bank Branch under current Covid-19 situation  Dear Professional Colleagues,  We hope this communique will find you safe and healthy. We are sure that by now most of us must have …

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Govt. raises excise duty on petrol by Rs 10 per litre, diesel by Rs 13

Govt. raises excise duty on petrol by Rs 10 per litre, diesel by Rs 13

The Center Govt., on tuesday, announced a Rs 13 a litre hike in excise duty on diesel and a Rs 10 a litre hike in excise duty on petrol in an attempt to shore up revenues as demand remains subdued due to the lock-down.   Retail prices of petrol and …

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RBI cancels licence of Mumbai based CKP Cooperative Bank (Read Order)

RBI cancels licence of Mumbai based CKP Cooperative Bank

The Reserve Bank of India (RBI) has cancelled the licence of The CKP Co-operative Bank Ltd., Mumbai, to carry on banking business, with effect from the close of business on April 30, 2020. “The financial position of the bank is highly adverse and unsustainable,” RBI said in a statement. “There …

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