Established in 1951

Banking, Financial Services, and Insurance (BFSI) Services at Dafria & Co

Trusted Chartered Accountant Firm Since 1951

Dafria & Co, a reputable chartered accountant firm established in 1951, offers a comprehensive suite of Banking, Financial Services, and Insurance (BFSI) services to cater to the complex and evolving needs of the industry. Our experienced team of professionals is committed to providing high-quality, reliable, and timely services to ensure the success and compliance of our BFSI clients.

Our BFSI Services include:

  1. Central and Branch Statutory Audit: We conduct central statutory audits of public sector banks and cooperative banks, as well as branch statutory audits for public sector banks, ensuring accurate and transparent financial reporting.
  2. Internal and Concurrent Audit: Our internal audit services for cooperative banks and concurrent audit services for PSBs, private banks, and cooperative banks cover various departments, including Integrated Treasury, Retail Assets Centre, Facility and Support service, and more.
  3. Specialized Audits: We offer specialized audit services such as stock audit, credit audit, revenue audit, “Know Your Customer” (KYC) audit, trade finance audit, retail liability audit, retail assets audit, forensic audit assignments, depository participant audit, and audit of hypothecated securities.
  4. Operations Manual Compilation: Our team assists in compiling and updating operations manuals to ensure compliance with regulatory requirements and industry best practices.
  5. Transaction-based Audit and Certification Work: We provide transaction-based audits in private banks, ensuring that financial transactions are carried out in accordance with applicable laws and regulations. We also perform certification work for BFSI clients.

6. Information System Audit: We conduct thorough system audits to assess the effectiveness of the BFSI clients’ IT systems and processes, identifying potential risks and vulnerabilities, and recommending improvements.

Benefits of our BFSI Services:

  • Compliance assurance: Our services help BFSI clients comply with complex and constantly evolving regulations, reducing the risk of penalties and legal consequences.
  • Enhanced risk management: We identify and assess potential risks, helping clients implement effective risk management strategies to mitigate potential losses.
  • Improved operational efficiency: Our audits and reviews enable BFSI clients to optimize their operations, reducing costs and enhancing overall performance.
  • Informed decision-making: Our comprehensive audit and advisory services provide BFSI clients with valuable insights, enabling them to make informed strategic and operational decisions.

At Dafria & Co, our team of experienced chartered accountants and professionals is dedicated to providing exceptional BFSI services tailored to the unique needs of each client. With our expertise and commitment to quality, we have earned the trust of numerous BFSI clients over the years. Contact us today to learn more about how our BFSI services can help your organization navigate the complexities of the industry and achieve success.