Recovery — Audit-Readiness Checklist
Enforcement, wilful/large-defaulter and recovery-related circulars. Walk into your next audit or internal review already prepared, with a personal, timestamped record of what you did and which official RBI circular you followed — kept only in your own browser, never sent to BankPulse.
- Official RBI source is on file and hyperlinked for every circular you rely on -- not just remembered.
- The action this circular asked for has a recorded owner and a recorded date it was done.
- If the circular set a deadline or an effective date, that date is tracked -- not just known informally.
- If a circular you relied on has since been superseded or withdrawn, you have a note of when you last checked its status.
- If a manager or colleague asked you to do something that conflicts with a circular's own text, you have a timestamped record of what the circular actually said.
Recent circulars in this desk with a real action item
Review all loan portfolios for any director-related advances and ensure immediate recovery or regularization. (+3 more actions on this circular)
Review all loan sanctions to ensure no director-related loans are extended without explicit RBI approval. (+2 more actions on this circular)
Review loan sanction limits for nominal members against RBI exposure norms. (+3 more actions on this circular)
Ensure CRAR remains above regulatory minimum at all times. (+3 more actions on this circular)
Review and tighten single borrower exposure monitoring systems to ensure compliance with RBI limits. (+3 more actions on this circular)
Review your bank's KYC/AML policies against RBI's latest master directions. (+3 more actions on this circular)
Review all director-related loan sanctions and renewals for compliance with Section 20 of BR Act. (+3 more actions on this circular)
Review all loan sanctions to ensure no director's relative is a beneficiary. (+3 more actions on this circular)
Review all loan sanctions to ensure no director-related advances are made. (+3 more actions on this circular)
Verify your bank's credit data submission to all four CICs is complete and timely. (+3 more actions on this circular)
Review and upgrade your transaction monitoring software to ensure it can effectively identify and report suspicious transactions as per KYC guidelines. (+3 more actions on this circular)
Review your transaction monitoring software to ensure it can effectively identify and report suspicious transactions as per RBI KYC directions. (+2 more actions on this circular)
Audit all loan repayment schedules and statements to ensure clear bifurcation of interest and principal. (+3 more actions on this circular)
Review your bank's loan sanction process to ensure no loans are extended to directors' relatives without proper board approval and compliance with RBI directions. (+3 more actions on this circular)
Review your bank's policy on inoperative accounts to ensure no penal charges are levied for minimum balance shortfalls. (+3 more actions on this circular)
Review and tighten policies on director-related loans to ensure full compliance with Section 20 of BR Act. (+3 more actions on this circular)
Review your bank's exposure norms compliance, especially for advances to single/group borrowers. (+3 more actions on this circular)
Review internal processes for responding to RBI inspection requests to ensure timely and complete information submission. (+3 more actions on this circular)
Review the revised penalty framework and update internal compliance manuals accordingly. (+4 more actions on this circular)
Review loan policies and procedures (+2 more actions on this circular)
Review your KYC policy to ensure risk categorisation of accounts is reviewed at least once every six months. (+3 more actions on this circular)
Review all loan accounts to ensure interest charged matches the contracted rate exactly. (+3 more actions on this circular)
Review single borrower exposure limits against SAF requirements and ensure 50% reduction where applicable. (+3 more actions on this circular)
Review and update processes for timely transfer of eligible unclaimed amounts to the Depositor Education and Awareness Fund. (+2 more actions on this circular)
Review your CKYCR upload process to ensure records are submitted within RBI-prescribed timelines. (+3 more actions on this circular)