The following branches of Banks, business activities/verticals of a bank may be subject to concurrent audit: Branches rated as high risk or above in the last Risk Based Internal Audit (RBIA) or serious deficiencies found in Internal Audit. All specialized branches like Large Corporate, Mid Corporate, exceptionally large/very large branches (ELBs/VLBs), SME. All Centralized Processing Units like Loan Processing Units (LPUs), service branches, centralized account opening divisions, etc. Any specialized activities such as wealth management, portfolio management services, Card Products Division, etc. Data Centers.
Treasury/branches handling foreign exchange business, investment banking, etc. and bigger overseas branches. Critical Head Office Departments. Any other branches or departments where, in the opinion of the bank, concurrent audit is desirable. Source: RBI website.