Our Approach to Revenue Audit
We undertake a detailed review of interest calculations, service charges, fee recoveries and policy adherence to ensure that the bank’s revenue streams are accurate, consistent and compliant with internal and regulatory standards.
Key Audit Coverage & Deliverables
- Verification of interest application on loans, deposits and credit facilities
- Review of service charges, commissions and fee recoveries
- Identification of revenue leakages and incorrect computations
- Examination of system settings and parameter configurations
- Checking compliance with bank policies and RBI guidelines
- Verification of waivers, concessions and overrides
- Actionable recommendations for revenue improvement
Why Choose Us for Revenue Audit
We help banks protect their income by identifying computation errors, missed recoveries and system lapses that impact profitability.
- Strong domain expertise in banking income and fee systems
- Accurate, evidence-based findings with practical recommendations
- Deep understanding of RBI norms and bank-level policies
Frequently Asked Questions
What is a Revenue Audit?
A detailed review of a bank’s income streams to ensure correct interest, charges, and fees are applied and accounted for.
Why is Revenue Audit important?
It helps detect revenue leakages, system errors and policy deviations that impact profitability.
What areas are typically examined?
Interest on loans and deposits, service charges, commissions, system parameters and fee recoveries.
Can Revenue Audit identify system-related errors?
Yes, incorrect system parameters or misconfigured settings are common causes of revenue discrepancies.
What documents/data are reviewed?
Loan statements, interest sheets, charge registers, system reports, waivers, concessions and policy documents.
Does Revenue Audit help banks increase revenue?
Yes, by identifying leakages, missed charges and incorrect calculations.
How frequently should Revenue Audits be conducted?
Annually or as per bank policy; high-volume branches may require more frequent audits.
Will the audit interrupt regular operations?
No, it is performed parallel to daily activities with minimal disruption.
Does Sakariya & Associates have specialised expertise in this area?
Yes, we have extensive experience conducting revenue audits across various bank branches.