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Human Resources Development Division Head Office, Dwarka, New Delhi
Human Resources Development Division Head Office, Dwarka, New Delhi
Human Resources Development Division Head Office, Dwarka, New Delhi
DATED: 09.04.2020
RBI has clarified that statutory audit of OBC, United Bank of India and
PNB as at 31.03.20 is to be carried out treating the three banks as if they
are independent entities. In view of this, e-OBC and e-UBI will have to
independently and individually get their annual statutory audit
completed and compile their respective financials as at 31.03.20.
Accordingly, the following process has been laid down for signing and
approval of the Annual Financial Statements as at 31.03.20 of the
erstwhile entities:
b) Financials of OBC & UBI duly audited by their SCAs will be signed by
CFOs of the respective Banks along with their Finance & Accounts
teams and the same will be approved by a Committee of four General
Managers from the respective Banks. The above Committee has been
formed in each of e-OBC and e-UBI who will sign the attached
certificate (Annexure 1& 2 respectively). Such approved Financial
Statements shall be placed by CFO of the respective banksbefore the
MD & CEO and Executive Directors of the amalgamated entity for
their signatures. The following General Managers, who were holding
charge of the Divisions mentioned below as on 31.03.2020 in their
respective Banks, have been nominated on the above said Committee:
3. Commencement of Statutory Audit for the year ended 31.03.20 has got
delayed on account of the prevalent circumstances due to Covid-19
outbreak. However, in view of the stringent timelines for finalization of
Annual Statutory audit and Financial Statements, all General
Managers(including at e-OBC and e-UBI) are advised to personally
monitor the progress of statutory audit pertaining to their respective
Divisions, immediately on commencement and ensure its timely
completion.
All the Chief General Managers/General Managers of PNB, eOBC and eUBI
are advised to note the above instructions for strict compliance.
(R. K. YADUVANSHI)
EXECUTIVE DIRECTOR
For eOBC
To
In this connection the Committee has gone through the annual financial
results/statements of eOBC duly audited by the Statutory Central Auditors
and certify as under:
For eUBI
To
In this connection the Committee has gone through the annual financial
results/statements of eUBI duly audited by the Statutory Central Auditors
and certify as under: