Banking · Audit Functions in Banks
Which audit function is primarily responsible for ensuring that the credit risk exposure of a bank to a single borrower or group of borrowers does not exceed the ceiling limits prescribed by the Reserve Bank of India (RBI) during ongoing operations?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Management Audit
- 2Internal Audit
- 3Concurrent Audit✓
- 4Financial Audit (Statutory Audit)
Correct answer
Concurrent Audit
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