Question

what is the purpose of inspection department in a bank ?​

Answer 1

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• Inspection Department, Central Office, oversees the functioning of the internal audit systems with a view to consolidating and co-ordinating all the activities relating to Concurrent Audit (CA) and Control Self Assessment Audit (CSAA) undertaken at all the offices of the Reserve Bank and ensure its smooth functioning.

Answer 2

Answer:

Inspection Department, Central Office, oversees the functioning of the internal audit systems with a view to consolidating and co-ordinating all the activities relating to Concurrent Audit (CA) and Control Self Assessment Audit (CSAA) undertaken at all the offices of the Reserve Bank and ensure its smooth functioning