ICAI has been continuously contributing in nation’s progress. To address the concerns regarding the autonomy of banks towards their selection of Bank Branch Auditors. ICAI through its Professional Development Committee has developed automated application for the selection of Bank Branch Auditors. The new software has been used by 7 public-sector banks, i.e. Punjab National Bank, Central Bank of India, Bank of Baroda, Dena Bank, United Bank of India, Punjab & Sind Bank and Oriental Bank of Commerce.
The automated application will surely help in making the process of allotment uniform, fair, transparent and equitable and in the time to come, more banks will adopt this software.