BANK & NBFC

KOLATH’s Concurrent Audit service provides real-time, transaction-level assurance to banks and NBFCs, ensuring that operations at branch and business unit level comply with laid-down policies, RBI guidelines and internal procedures. Our auditors are embedded within your operations on a concurrent basis, identifying exceptions and irregularities as they occur — well before they escalate into material risks. We deliver periodic reports with actionable findings that enable management to course-correct swiftly and decisively. KOLATH’s Concurrent Audit teams are experienced, thorough and trusted by some of India’s leading financial institutions.

Our Risk Based Internal Audit service for financial institutions prioritises audit resources and attention on the areas of highest inherent risk, ensuring that audit coverage is both efficient and impactful. We develop a dynamic risk universe for your organisation, mapping key risk drivers to audit objectives and designing procedures that surface material issues. Our findings are reported in the context of regulatory expectations and best practices, giving management and the Audit Committee actionable intelligence. KOLATH’s Risk Based Internal Audit approach is aligned with RBI’s Internal Audit Framework for banks and NBFCs.

KOLATH’s Co-Sourced Audit service provides financial institutions with specialist expertise and additional capacity to complement their in-house audit functions. We work alongside your internal audit teams — seamlessly and collaboratively — to cover specialised domains such as credit risk, treasury operations, IT systems, or regulatory compliance that require external expertise. Our co-sourcing model is flexible, scalable and designed to integrate smoothly with your existing audit governance structure. KOLATH brings best-practice methodologies and sector depth to every co-sourced engagement.

KOLATH’s Stock & Receivables Audit service is specifically designed to help banks and NBFCs verify the quality and realisability of collateral underlying working capital facilities. Our teams conduct physical inspection of inventory, verification of debtors and assessment of the overall working capital cycle of borrower entities. We identify over-valued or ineligible collateral, document irregularities and provide lenders with an objective assessment of credit exposure. This service is essential for financial institutions seeking to proactively manage portfolio quality and reduce NPA risk.

KOLATH’s Mystery Shopping service for banks and NBFCs provides financial institutions with an independent assessment of service delivery quality, sales conduct and regulatory compliance at the customer interface. Our trained evaluators interact with branches, digital channels and customer service teams as real customers, identifying gaps in KYC adherence, mis-selling risks and service standards. The insights generated enable institutions to strengthen their compliance culture, improve customer experience and reduce conduct risk. KOLATH’s Mystery Shopping programme is a proactive tool for institutions committed to ethical and customer-centric banking.

KOLATH’s Field Audit service provides on-ground verification of borrower operations, assets and financial health — critical intelligence for lenders managing large, geographically dispersed loan portfolios. Our field auditors visit borrower premises, verify business activity, assess collateral condition and validate the information submitted to lenders at the time of credit appraisal. This service significantly reduces the risk of fraud, diversion of funds and deterioration in borrower creditworthiness going undetected. KOLATH’s Field Audit teams operate across India with speed, rigour and consistency.

KOLATH serves as an Agency for Special Monitoring (ASM) for banks and financial institutions managing large or stressed accounts that require heightened oversight. As an ASM, we provide continuous monitoring of borrower cash flows, business operations, inventory and financial performance and report findings directly to lenders on a periodic basis. Our involvement enables early detection of stress signals and supports lenders in taking timely corrective action to protect their credit exposure. KOLATH brings the professionalism, independence and domain expertise that large lenders demand from their monitoring agencies.

KOLATH conducts Statutory Audits for banks and NBFCs in accordance with the Companies Act, Banking Regulation Act and RBI directives, delivering opinions that are credible, thorough and compliant with all applicable standards. Our audit teams are well-versed in the intricacies of financial institution accounting, provisioning norms and regulatory disclosures, ensuring that every material aspect of your financial statements is rigorously examined. We approach statutory audit as a collaborative engagement, working with management and the Audit Committee to deliver insights alongside assurance. KOLATH’s statutory audit reports meet the highest standards of independence, quality and regulatory acceptance.