1. Scrutiny of the Credit Appraisal Memorandum on following details:a. Internal Rating and External Rating.b. Fund based and Non Fund Based Facilities provided to the borrowerc. Securities provided by the borrower against the facilitiesd. Industry code, Priority sector lending categorization, Capital Market and Real Estate Categorization.e. General Covenants, Internal Covenants, Financial and other Covenants to be tracked for the borrower.2. Verification of the CAM, Sanction letter and Facility documents for ensuring:a. The covenants and deferrals tracked in the system are in line with those mentioned in CAM and Sanction Letter.b. Approvals have been sought for the loan in accordance with the approval grid based on the CAM Exposure and rating.c. All the Security and Facility Documents have been signed by the authorized signatories mentioned in the Board Resolution approving the sanction.d. Prescribed Stamp Duty is recovered for all the Documents as per the Place of execution of the same.e. Limit is released for each Facility only after the requisite documents and approvals are provided.f. Charge is created on the securities and the same are registered with Registrar of Companies and CERSAI.g. CRILIC and CIBIL Report are available and the borrower does not appear in the defaulter list

1. Concurrent Audit of Trade Products: a. Ensuring compliance with laid down systems and procedures and with all the regulations stated by the Reserve Bank of India in its circulars and amendments.b. Detection of any leakage of income and reporting any inefficiency in the operational level.c. Follow up with authorities to ensure timely rectification of irregularities reported that were not rectified on the spot. Verify prompt timely and regular submission of the periodical and statutory returns.d. Verification of Daily cash transactions with particular reference to any abnormal receipts and payments. Proper accounting of inward and outward cash remittances and Expenses incurred by cash payments involving sizable amounts.e. Check new accounts opened. Operations in new Current/Savings Bank accounts may be verified Also examine whether the formalities connected with the opening of new accounts have been followed as per RBI instructions. Complete check of KYC documents and authentication. Ensure Risk categorization of accounts completed in accordance with PMLA guidelines.f. To conduct various checks of foreign exchange transactions such as Cash verification (Foreign currencies & Traveller’s Cheques), Maintenance of records with respect to foreign exchange, Purchase/Sale of Foreign Currency, Foreign bills negotiated under letters of credit and bank guarantees, Inward and Outward Remittances and verification of import and export bills & whether the same has been completed within the stipulated period. Verification of permissible debits and credits in NRO and NRE accounts and Checking of inward and outward remittances.2. Concurrent Audit of Capital Products: a. Verification of all the documentation, forms, and timely reporting relating to Foreign Direct Investments and Overseas Direct Investments, External Commercial Borrowings and Liaison offices , Branch offices and Project Offices.