Free Demo Request

Constitution of the Audit Committee of the Board

RBI/2015-16/181
DBS.ARS.BC 4/08.91.020/2015-16

September 24, 2015

The Chairman & Managing Director
Public Sector Banks

Dear Sir/Madam

Constitution of the Audit Committee of the Board

We invite a reference to paragraph A(3)(i) of circular DOS.No.BC.14/Admn. /919/16.13.100/95 dated September 26, 1995 on composition of the Audit Committee of the Board (ACB) of Public Sector Banks.

In this connection we advise that should a bank have more than one ED, the ED in-charge of internal inspection and audit should be the member of the ACB whereas other EDs can be invitees to the meeting if the agenda includes any item for discussion from their domain.

Yours faithfully

(Indrani Banerjee)
Chief General Manager

High-volume of Loyal
and Trusted Customers!

We feel pride in offering our customers the wide range of products of the top leading brands of the world.

BCG
Binani
Godrej
Induslnd Bank
Indian Oil
ITC Limited
Jindal Steel Power
Milton
Paharpur
Philips
Reliance
TATA Chemicals Limited
The Times of India
Wipro
Yamaha
Dalmia Bharat Cement
JCB
Pernod Ricard