LFAR

i have recently done the audit of bank of baroda, there the limit is Rs.10 lakhs for non corporate entities.

Hi! In the LFAR format submitted to me by the Vijaya Bank, the limit for audit of non-corporate borrowers is Rs.10 Lakhs.

Hi,

I have completed Audit of Bank of India and the LFAR contains following question.

"Indicate cases of advances to Non-Corporate entities with  limits beyond  Rs.  10.00 lacs  where  the branch   has   not  obtained    the accounts of borrowers, duly audited under  the  RBI   guidelines   with regard to compulsory audit or under any other statute."

So the limit is Rs. 10 lacs

Till today limit is Rs. 10 lakhs only. U can refer "Guidence note of Audit of Accounts of Non Corporate Entities (Bank Borrowers)".