Bank of Baroda Promotion Material PDF

R R Mr V P Mr P R Mr P R S HI S H HIV S H...

R R Mr V P Mr P R Mr P R S HI S H HIV S H H IV A I K A A IS K A I S K A rR R A rR R A RA r RA M I VP HReference study H M material VP I for promotion H M IV P S A S S H S H R A I exercise A K of A I Officers 2025-26 A K A A IS K A R R R A Mr I V P M r V P R M r P R S H S H H I S H H IV I K A I S A I S A R A A R A A K A A K Mr P R M r P R M rR P R HI V H IV H IV S A S S H S S H A I K A I K A I K A R A A A Mr P R M rR P R r R P R A IV I V M I V H S H H S H H A IS K A A I S K A IS K A R R A R A R A A Mr I V P M r V P R M r P R S H S H H I S H H IV I K A I S A I S A R A A R A A K A A K Mr P R Baroda M r Academy P R M rR P R HI V H IV H IV S A S S H S S H A I K A I K A I K A R A Bank of Baroda A A Mr P R M rR P R r R P R A IV I V M IV S H S H H S H H I For K A internal I S circulation only A I S A R A A R A A K A A K Mr Do Not Print P R M r P R M rR P R HI V unless H Environment. extremely required. SaveI VPaper, Save H Trees and preserve IV S S H S H A I A K A A IS K A A I S K A R R R A R A Mr P M r IVis to supplementHthe learning efforts P R M r Vof the promotionH aspirants. P R S H This booklet S H I S H Topics IV I K A in nature and Apex I S Academy advises S A the readers toI refer A R A incorporated are indicative A R A A K A A K R SOPs, Circulars, R Mr to P Book of Instructions, IV M r Master Circulars, P R Policy guidelines, M r etc. for PR updated information. H S H H IV H H IV S This Ibooklet is focusing I S Amainly on the promotion S A the Bank (based Son A R A A K A exam within A K A I K R R r Rand latest PR A Mr are supposed Rcirculars, guidelines previous trends) and should not be considered as an instruction manual. Employees toPupdate themselves M rby reading Bank’sP IV other general IVnews. M IV H banking industry/ S S H awareness related H S H H I K A I S A I S R A A R A A K A r P R r P R r R M IV M V M H S H H I H I S A I S A S RA A K A AK r P R r R R M V M V P I I I SH A SH S H AK I r RA R r R A M V P M HI H  R R Mr V P Mr P R Mr P R S HI S H HIV S H H IV A I K A A IS K A I S K A rR R A rR R A RA R A M VP M VP Mr P S HI S H AUDIT S H I S H VH I AI K A I K A IS A R A R A A R A A K Mr Introduction ItoVAudit PR M r P R M r P R Hfor proper functioningSH Central Internal Audit Division (CIAD), is an independent H V I vertical in the Bank’s H structure and isIV I S A S A S S H responsible A Bank in respect ofAInternal K I of the Bank’s Internal Audit System (RBIA) AAudit Policy conforms and for formulating the Kto the guidelines issued A I K A R Audit Policy of the Bank. The Risk Based Internal R Audit Policy document A clearly enunciates the policies R Audit A Mr Reserve BankIofVIndia, of the PRGovernment of India, Audit r Board and Audit Committee functions. M P R of the Board onr Internal M by the P R H from time to time and best practices S Hadopted in the financial H IVindustry. H H IV S I sets out the principles, A standards andI S S AAudit at the Bank.IItSputs A A The policy R A K A approach for Internal A K A K R of the Internalr control, R Risk Management, R and A Mr assess R Governancersystems in place a comprehensive framework to ensure that the internal audit function will independently P the effectiveness M P M P R processes set H IVby the Bank. H H I V H I V I Sstandards S A policies and procedures S S of the Bank areAadhered to by the operating H R A CIAD ensures A K that the systems, A I desired A K A IS K A units and of control are not diluted Rfunction plays an important R while pursuing level of growth. R A Mr A sound internal P M r role in contributing IVThe audit functionH should provide high audit V P R to the effectivenessr of the internal PR M H I quality counsel toHmanagement on the IV control system. S of risk management A S and internal controls S Hincluding regulatoryScompliance by the bank. S H TheA I effectiveness Bank has implementedK A I K A I K A R A a Risk Based Internal R Audit (RBIA) System in A A line with the guidelines issued A Mr “Internal AuditIVFunctionPR by Reserve Bank of India. M r P R M rR P R H serves the role of the last lineIin H H Vthe 3 lines of defence H model.” IV S 1.I The first line of defence S A being the Operations S S / Business UnitsAthemselves who have H Sthe A A K A I K A I K A R responsibility Rline of defence being to prevent the risk r Rthe CompliancePand at the source. A R of the A Mr 2. The Bank.IV second P M V R Risk Management rFunction M P R S 3. Audit H S being third line of defenceH plays the vital H role I in the Bank in terms S H of safeguarding H the Bank IV I against risks and assessing K S A the risk profile Iof the Bank itself. KA I S A R A A R A A A A K Mr The objectives P R of audit M r to the board of directors P R M r R on the PR H IVand effectivenessHof a bank’s internal control, To provide independent assurance H IV risk management,Hgovernance systems & senior management IV S quality I and S A helping the boardI S& senior management S A in safeguarding theI S H A A K processes, thereby A K A Bank K A R and its reputation. R A Rfunction to A Mr To PR remain independent have V r activities, of the audited M P R the internal audit which requires M r P R H I out their assignments H with objectivity. HI sufficient standing and authority V within the bank, thereby enabling internal H auditors to IV S carry I To ensure appropriate S A professional competence, S including the knowledge S Aeffectiveness H S of A A K A I K A I and experience K A R each internal auditor Rfunction. and of internal R auditors collectively, A for the of R the bank’s A Mr internal I V P audit M V R ra suitable risk basedPinternal M rcommensurate PR I IV To define, design and implement audit strategy H the underlying risks,H H H S with I To undertake an independent A S organizational structure. S S Aformulating S H A A K A I forrisks risk assessment the purpose of K I the risk-based A K A R audit plan keeping in view the R inherent business of an Aactivity / business profile and the A Mr effectiveness P Rof the control systems M r for monitoring P R risks of the business the inherent M rR activity. P R H I V To enable risk identification, H prioritisation of audit IVareas and allocation H of audit resources in IV S accordance S with risk assessment. H S H A I To ensure every activity every entity of A A (including outsourced theKbank should fall within A ItheSoverall activities and riskAmanagement function)Sand scope of K A I R R R A the internal audit function. R Mr To ensure adequate coverage of rmatters of regulatory interest I V Poffering of suggestions M P R within the auditrplan. V role in protecting M To enable H S H H I for mitigating current risks. H S To anticipate areas of potential risks and play an S important S bank from various R AI To lay greater emphasis risks. A KA on internal auditor’s A I role in mitigatingKrisks. A A Mr To have P R internal audit asraRdeterrent and preventive effective P R mechanism for frauds. IV M IV H S H H A IS K A A I S r R R A R M P M r H I V H  R R Mr V P Mr P R Mr P R S HI S H HIV S H H IV A I AK A IS A A K I S A K A M rR P R r R P R A r R R A IVandupgetforconfirmations M V outrectification M for correctiveIV P To follow H rectification of irregularities pointed H H I in the Audit Reports H I S AS of internal control S and report the levelAofScompliance in respect Hof action from Controllers regarding of irregularities. A K I I S A R To assess the effectiveness A R A compliance toAtheKManagement. RA A K Mr Organization Structure P R internal instructions, regulatory and statutory r P R r R I V M V M P S CIAD functionsH independently andHis situated at Head S H I Baroda and operates Office, S H through Zonal H IV InternalI Audit Divisions located K Aat Zonal Head Quarters. I S A I S A R A A R A A K A A K CIAD (The Head, PR with functional Mr periodically andIVcoordinates Internal Audit) reports M rheads and controlling the progress of its R various P activities to rofRcompliance PR Executive M Director IV Inspection of RBIHand LFAR (Long form offices for submission and RC (Rectification certificate) inH S H S H respect of Annual Financial S H IV I audit report). K A I S A I S A R A A A A K A K Mr by Zonal P R of the Board and examine Internal Audit Divisions M r R adherence P carry out inspection of branches to R / offices as per the Rcontrol and periodicity r decided P R A the Audit Committee IV including various I such systems of internal V Your CustomerH(KYC)/ M Anti- MoneyIV H risk management S (AML) etc. S H aspects such as Know H S H Laundering I K A I S A I S A R Afrom onsite inspection A R Aoff-site surveillanceAthrough K Centralized Exceptional A A K R Mr Monitoring Unit.IV PR Apart CIAD also carries out Mr P R r P R execution frameworkH I V M IV Internal Audit S HAudit: S S H S H Processing Centres, H A I Data Centre, Trade Centralized Audit of the K AForex Back Office, etc., centralized and I will be conductedKunder specialized offices such A the supervision ofI CIAD as Loan S A R Treasury, A R A A A A K Mr DecentralizedIVAudit: PR through respective ZIADs. M r P R M rR P R beH H the supervision ofHCIAD. Internal Audit of Branches, City Back S IVOffices, RegionalHOffices, Zonal Offices, H IV etc., will S I conducted by ZIAD under A I S A S S A R A A K A A K A I K RTeam under CIADr will R monitor the transactions R and A Mr system, Off-site Audit / Continuous Auditing: The Bank is introducing Off-site Audit system. Under this P Offsite Audit M P R r at both centralized P R V / offices / functions, decentralized Iunits identify exceptionsV I M to the units / IV H S to Offsite AuditATeam H S within defined timelines. and communicate the same H Reports on suchSexceptional H H offices / functions I for rectification K of the same. The I S branches / units / offices A will have to communicate I S A R A the remediation A R A auditor. A K transactions A A K Mr Internal Audit IFunction R rR will also be provided to the concurrent and internal P M r of Audit: P R P R V execute following types V I by Internal Audit Division, M details of which IV H types of inspections/ At present various S S H audits are undertaken H S H H I are given below: K A I S A I S A R ABased Internal Audit A R A A K A A K PR Operations/ Activities R Mr ii Internal AuditIVof Specific Mr R r R i Risk of Branches V P M P S H S H H I S H H IV a. I Internal Audit of Bank’s K ATreasury I S Aout) I S A R A b. Revenue Audit for A Branches (where R A Concurrent Audit is not A K carried A A K Audit R R Mr c. FEMA I V P r pertaining to Forex business M (to be carriedR V P out at Trade Forex rBack Office & M P R I IV Authorised “B” Category Branches) S H Chain d. Internal Audit of Retail CPC S H / SMS/ SMELF / H Centralize S Loan ProcessingH Centres/ CAMPs/ H I Supply K /SAMANVAYA Chests Cell etc. I S A I S A R A e. Internal Audit of A Currency R A A K A A K Rin case of Rural & rSemi Urban Branches) R office Mr f. HR P Audit (only V M P R& HR Audit of Administrative M rCity, P R H I Apex AcademyHGandhinagar & GovtHBusiness (i.e. Region, Zone, Zonal S Academy, OA IV New Delhi) H Departments BCC, HO,NSSC Gift DR Site H IV S Hyderabad, g. I Lead Bank A(Along with RBIA) I S A S S A R i. Pension Payment h. BCSBI Audit/EASE K A AAudit / GovernmentRBusiness Audit RA 4 K A I r P R r P r R M j. KYC /IAML VAudit of Retail Liability M Vand City Back Offices M H / CFT Audits S H H I H S Central ProcessingACentre k. Internal l. I HR Back Offices (RLBO) I S A S (CBO) RA A K A AK r P R r R R M V M V P I I I SH A SH S H AK I r RA R r R A M V P M HI H  R R Mr V P Mr P R Mr P R S HI S H HIV S H H IV A I K A A IS A A K I S A K A rR M m. Snap I&VSystem PR Audit (Only for M r R P R A r R R A & to be done within 6M Vcarried P S H S H new Branches opened H I S H months from date H IV of opening. I in six months). KA For High Risk Branches the same I S will be out at Regional Office level once IS A- Main & Local Area Offices/ A R A A R A A K A A K Internal Audit Rof Contact Centres / Baroda Financial Solutions Ltd. R Mr o. BOB R n. P Markets Ltd./ IFSCBUretc. r R Capital V M V P M P Internal I Audit of National H of Outsourced Activities Shared Services H (as & when advised at I by O & S Dept H Gandhinagar. H IV S p. Audit I Outsourcing Policy)KA S S S in compliance with the S H A A A I time to time KA A I K A R R A A R rR Any such other activities as deemed fit from Mr R q. P M r P P R V IV / Various identified M HI a. Internal AuditSofHRegional and Zonal IV iii. Internal Audit of Administrative Offices: S H S H S Offices e.g.AFacility Management,I Office Offices H A I K A of Head Office &ICorporate K S A R Departments A A A A K Mr R and Expenditure r RAudit of Office AdministrationR R A Administration, Risk Management, Compliance, CBO-DPO, Fintech etc. b.PIncome M P r M Baroda IV Departments at P R H IV CO/ HO/ Zonal Office/ Regional OfficesV Academies/S H H I / Zonal Internal Audit H Divisions/ I S c. Audit of High A BSVS/ FLCC etc. S A S S H A A K Value Purchases/ A I Purchase K Authorizations. A I K A R R R A R A Mr r R r R d. Audit of Central Stationery Cells V P M P M P H I H: H I V H IV S S S S H I ofA I A S iv Information System Audit A a. IS AuditK A A K A I K A R A branches and Administrative Offices R R R and other officesr R A Mr c. P r R b. IS Audit of Software Applications V M P M P HI d. IS Audit of Digital IV IS Audit of Specialized Integrated Treasury Branch S S HApplication H S H H IV I v Management Audit K A I S A I S A R A A A A K A K r R / Regional A of Controlling Offices: R R / Head Mr IV P a. Management Audit of Zonal M P Offices, V R r Departments of Corporate M P R I IV Office / Subsidiaries/ Associates (Domestic)/ Sponsored RRBs. S H S H H S H H Iplan will be made byKCIAD S A for conduction ofI Management Audit.KCIAD A will identify Executives I S / A A Central Internal Audit Division will co-ordinate and responsible for the Management Audit function. A R A R A A A A K r R Audit PR yearly under whoseRleadership the Management Mr Officials IV P M r reportingAudit will be R P conducted. The Management M Plan will be finalized H in consultation S H with the IV Executive H Director. H H IV S I Business, Management A Audit is to be carried I Sout by appropriateKExternal S A Firm, as decided S by A R A In case of Subsidiaries, A K Associates & Joint Ventures A having Business A model not related to A Inormal K Banking R R Rout on the principle rofRRisk Based PRA Mr respective V P Board of Subsidiaries, IFramework/ Associates M r & above Joint Venture. V P M I IV All the above stated Audits described herein are carried S Internal Audit H S H Methodology. H S H H I K A I S A I S A R A A R A A K A A K R while deciding ther coverage of the Risk R Mr taken into consideration RBased Internal Audit rsystems in the PR The RBI guidelines as amended from time to time as well as directions given by ACE/ ACB is to be P M P M Bank. H IV H H I V H IV S I Internal AuditKA S S A S S H RiskA Based A A I K A I K A R R A A Mr the Bank’s interest Risk Based Internal Audit P R (RBIA) is an examination and objectives. The M r of Internal Controls Bank has put in place aP R in place at the Bank M rR to safeguard P R V I that the internal auditHfunction will independently Hmanagement, IV assess the effectiveness comprehensive framework H for Internal of the internal IV Audit to ensure S S Aassurance on theseIsystems S H S ThisS H control, A Ilong run ensures quality risk governance K systems and A processes, created by K Athe business units. I also r R in the R A R and A processes. R A M The Audit system P r P R r I V in the banks has beenM concentrating on V M onH I and reliability of accounting I  H S Transaction testing S financial reports. A sample basis, accuracy I S H A SH records and R A  Testing the integrity, A K reliability and timeliness A AK r R  ReviewPof quality of assets r R of control reports R M V M V P I I I SH A SH S H AK I r RA R r R A M V P M HI H  R R Mr V P Mr P R Mr P R S HI S H HIV S H H IV A I A K A ISA A K I S A K A M rR P R r R P R A r R R A IV to legal andHand M regulatory requirementsV M P  Adherence  H S S H I S H H IV I Compliance of system K A procedures I S in bank A IS A R A A R A A K A A K R R Mr I V P M r V P R M r P R S H Based Internal Audit S Hor e-Audit H I S H H IV I (e-RBIA) e-Risk K A S I Bank has implemented A I S A R A A R A A K A A K Mr ofimplemented Ron the online Platform. r R has been PR In the journey of Automation and transformation our Risk Based Internal Audit Universal Branches P M r At present, Automated P R system of e-RBIA IVall BOB Branches H in across the Bank. IV M IV S H S H S be as under: A S H H The flow A I of compliance by K A on IT PlatformI will Branches K I S A R A A A A K Mr a. As soon as the necessaryP R Report is vetted byr R R ZIAD report will be available to Audltee Unit/RO/ZO P r R for R A IVwill login to AAS project.(URL M compliance and its closure. V M V P b. Branch H S H H I is https://aasapp001.bankofbaroda.co.in) H H I S I delegate c. Branch Head may use A his HRNES User ID I S and password for S Ado the same by self.I S login in the System. He may A A the actionK to other officers alsoA K R A R for compliance or he may Rfor its verification (Torcomply the four EyePConcept.) A R A A K Mr R r R After attending 100% issues by the respective officer or Branch head by sell, it will go to the d. V Branch Head P M M P I H in the compliance e. Region / Zone to identify the Huser H V I RM/DRM/DZHH& ZH for making them at their level including IV S S S Aup the Branches forI100% compliance &Kclosure S S H f. I Region/Zone to follow A of the Audit reports. convenient process. A A K A A I K A R R A A Mr Actions at various g. In the event P R of any operational M / r Technical query, R Branches P may call Regional M rR IT helpdesk. P R V HI levels SH IV H IV S A H S Roles and Responsibility S S H A S.No.I K Name of Office A I K A I K A R A A A Mr 1. Branch R P M r R is the action owner Branch P Rfor compliance andrclosure. R P R A IV Office/Zonal H operation and Hkeep I M for future IV V a track on issuesH reported 2. H Regional SOffice/ Functional Head S compliance Still its closure and A S all the issues SandH A I K A I ensure Kbe. the Branch latest Iby 30 A R A ADays as the case may irregularities R reports are A attended by A A K Mr P R M r Days/45 P R M rR P R V HI Internal Audit SH Will overseeStheHoverall V I compliance, Keep H a track on issuesHIV 3. S Zonal I Division A S A ATRs till its closure. I future complianceKincluding S A R A A K A reported for A A I K R R R A Mr IV P M r V P R M r P R Benefits of H S e-RBIA: S H H I S H H IV 1.I Early rectification of K A S reported irregularitiesI like serious irregularities A and non- compliance I S of A R A A R A A K A A K R R Mr 2. Rectification R Bank's interest.r It will improve PR r on real time basis toPprotect system & procedures. P M M IV of compliance actually of serious irregularities H done on spot IV IV S H the quality S S H S H H A I of non-adhering to KBanks 3. Identification A extant guidelinesI& procedures. KA of Control Gaps, if any observed, and sensitization of the staff in respect of areas I S A R A R A A A A K Mr 4. Issue tracking P Rthrough MIS report M r available on Dash R Board. P Better analysis of M rR risk vertically and P R I V horizontally. Hoffice H IV the physical movementH of papers from IV 5. It will improve S the Banks compliance to another. S A to the controlling offices H culture and reduce S S / Business ownersAabout risk of their portfolio. SH A I one K A I K I r R 7. Report is available A in the system and R 6. It will give a true picture R can be accessed anyR A Saving of resources R Aat various M P M r P time r levels. I V I V M S H S H H SHlevel in System I K A I S A R A Workflow of e RBIA are given A as under Compliance R A K and Closure at Branch AInternal r P R After Completion of Inspection the draft report r will be sent to ZIADRby Auditor/s for finalization. M ZIAD will submit M a copy to ZO & RO.P H IV the Report to Branch with H H IV IS A S S A A K A I r R R r R M V P M H I H  R R Mr V P Mr P R Mr P R S HI S H HIV S H H IV A I A K A IS A A K I S A K A rR M 1. 1 Compliance P R r R P R A r R R A IV Report WithinHCrs M V & -30- days (branches Mwith fund basedIV P st H -15- days (other branches) H I S -30- days (otherSbranches) & -45- days H H I S Compliance Report Credit portfolio of Rs. 100.00 AWithin and above). I A S(branches with fund based S A R A 2. Final A K A A K A I K R Credit portfolio of Rs. 100.00 Crs and above) R R A Mr 3.4. Synopsis I V P to be M replied by branch within r (15 days) from thePdate V R of receipt of AuditrReport. M P R Synopsis 5. ReplyH S reply received at S ZIAD / RO / ZO. H in Sub CommitteeHmeeting I & further compliance S H sought whenever H IV I on synopsis is discussed raised through A K S Idiscussed in forth coming A ZACM,until all actions I S A R A needed A ATR. R A A K A A K Further R compliance received through ATR & R are Mr 7. complied. R 6. P M r P r P R V M S 8. In case HIof Qualified Rectification Entire report is attended by S H Certificate givenHbyIV Auditee units & sent to respective controlling S authority H along with CRC. H IV I days from the dateKofAQRC I S Auditee unit. Branches to submit RC within A till closure (discussedI S A R A 30 A A A K A K R rR R A Open issue given under QRC will be discussed in QRC Committee in Mr 10. subcommittee)