RBI Audit

The RBI Audit reviews financial records and operations within the Reserve Bank Of India. Compliance with proper regulations and accuracy in financial reporting is ensured.The audit also evaluates internal controls and manages potential risks

Core Functions:
  • Implementing financial policies to maintain price stability and economic growth.
  • Handling issuance, distribution, and design of Indian currency notes.
  • Ensuring that banks and financial institutions consistently maintain the stability of financial systems.
  • Managing foreign exchange transactions and reserves.
Key Systems:
  • Core Banking Solutions (CBS): Maintaining a controlled environment that allows seamless banking operations within all branches of the banks.
  • Real-Time Gross Settlement (RTGS): A system focusing on real-time settlement of transactions with high values within banks.
  • National Electronic Funds Transfer (NEFT): A system to transfer funds within banks from country to country electronically.

Features of RBI

The Reserve Bank of India (RBI) ensures compliance in payment and settlement systems through a robust and comprehensive framework. Key features include:

  • Monetary Authority: RBI implements appropriate monetary policies to control inflation, manage the supply of currency, and increase economic growth. This includes setting key interest rates such as Repo Rate and Reverse Repo Rate.
  • Regulator: RBI supervises and observes banks and financial institutions to ensure that their stability is maintained. It sets guidelines and conducts inspections regularly to maintain financial health management.
  • Currency Management: RBI is responsible for issuing and managing Indian currency. This includes designing, producing, and delivering Indian notes and coins, ensuring a secure supply of currency.
  • Foreign Exchange Management: RBI manages FEMA (Foreign Exchange Management Act) and handles the foreign exchange market, including managing Indian foreign exchange reserves to stabilize the currency and support economic growth.
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Contact Us

What We Offer?

The Reserve Bank of India (RBI) ensures the stability and efficiency of the country's payment and settlement systems through a comprehensive approach:

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Planning and Preparation

At the beginning stage, we determine which areas are to be reviewed through a detailed risk assessment

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Data Collection

During this stage, we conduct on site assessments and review the clients financial records.

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Analysis

We then use the data collected to evaluate clients compliance to RBI regulation standards and identify gaps.

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Report

A detailed report is provided to clients including our findings, observations and compliance issues identified.

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