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Banking > Advanced Banking
> Head Office > Inspection
Inspection Departments
Most Banks have a network of branches which act as customer interface. Banks need to strictly enforce the policies/guidelines of the Central Bank (RBI) and also ensure that these branches function in an efficient and transparent manner. The systems and procedures adopted by the bank also have to be uniformly applied across all branches. Banks, therefore, employ the method of on-site inspection to enforce these objective. These inspections are carried out by senior officers of the Bank under a well defined policy of inspection. This policy normally lays down not only the frequency of inspection but also the parameters and structure under which the Inspection department officials have to function. The Inspection Department also ensures that irregularities observed during any inspection are removed and necessary remedial measures, if any, initiated.Depending on the size of the Bank, there may be more than one type of Inspections/audits conducted in the branches. The Inspections carried out by Inspection Department Officials are in addition to obligations of Statutory Inspection, if any.
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