3
g.
Sol Id and SET Id are the concepts found in Finacle. SOL id – Service Outlet
Id is Branch or Back Office and SET id is Branch or Back Office which
initiated the transaction. Similar concept may be there in other CBS
software packages.
h.
Auto generated reports like Exception Reports and Transaction Logs.
4.0Study findings:
4.1 Non-Generation of Statutory Reports:
In the banks visited, none of the
prescribed returns were generated for the NABARD inspection purpose.
However, in Punjab StCB Cash Transaction Report (CTR) and statutory returns to
be submitted to RBI are generated successfully. The reasons quoted for non-
generation of returns by the visited banks are as under:
Cooperative banks indicated that the returns are not accurate. The ASP is
not much helpful in generating the returns. There are enormous delays in
programming the returns by ASP.
The ASP indicated that the banks are not in a position to understand data
mapping requirements for the returns for want of technical personnel
with them. In the absence of data mapping, the ASP indicated their
helplessness to programme the returns.
As the standardization of accounting is not attempted by the banks before
migration to the CBS, the generated reports prepared by the ASP for one
bank are not working for the other banks without further customization.
The banks are too busy in getting essential aspects like running day-to-
day accounting in CBS due to lack of technically qualified manpower. And
as such the banks could not spend time for verification of the OSC returns
created and submitted by the ASP to the banks. This is also due to lack of
priority given to this aspect by these banks.
4.2 Exception Reports:
None of the cooperative banks studied are generating
exception reports as a part of their daily routine, as is the practice in banking
sector. However, an Audit File Print (AFP) option is available in the system for
taking print of the exceptions, which is neither given attention by any of the
banks visited nor there is a system in place to verify the same.
4.3 Data Migration:
Another concern is migration process from legacy system
to CBS and its audit. As discussed earlier the banks were advised by NABARD to
study and rationalize the General Ledger and accounting heads and also
reconcile/tally all the accounting heads before migrating the accounts to CBS.
Further, a standard excel sheet was provided to the banks for filling it with
legacy data in a systematic manner to be ported to the CBS, as an intermediary
step. All the banks attempted data migration in a time-bound manner and the
accounts which could not be tallied are put in migration account which is a
suspense account.
4.4 Migra A/c
: Migration Account is a suspense account, which holds amounts
for tallying the General Ledger account heads at the time of migration of data
