Bank of Baroda Seeks CA Firm for 36-Month Concurrent Audit of Specialized Treasury Branch; Bids Close September 1

Bank of Baroda has invited eligible Chartered Accountant firms to bid for the concurrent audit of its Specialized Integrated Treasury Branch in Mumbai under RFP reference RFP: CIAD: 118/3. The assignment is proposed for 36 months, from September 1, 2026 to August 31, 2029, and the last date for online submission of the RFP response is 5:00 PM on September 1, 2026.

What the Bank is appointing

The RFP says Bank of Baroda intends to appoint one Chartered Accountant firm for concurrent audit of its Specialized Integrated Treasury Branch, or SITB, in Mumbai. The engagement sits within the Bank's Central Internal Audit Division and is designed as an ongoing audit assignment rather than a one-time review.

The official document states that competent CA firms registered with both ICAI and RBI may participate, subject to meeting all eligibility conditions specified in the RFP and Annexure 3. The Bank also makes clear that documentary evidence and required declarations must accompany the bid, and failure to satisfy any eligibility condition can lead to summary rejection.

Key dates for interested firms

- RFP issue date: August 12, 2026.

- Pre-bid meeting: August 18, 2026 at 3:30 PM.

- Closing date for online RFP submission: September 1, 2026 at 5:00 PM.

- Opening of eligibility-cum-technical bids: September 2, 2026 at 11:00 AM.

- The financial bid will be opened only for technically qualified bidders, with the date to be communicated separately.

EMD and e-tendering requirements

The RFP specifies an earnest money deposit of ₹50,000 through NEFT. It also provides an exemption mechanism for eligible Micro and Small Enterprises, subject to submission of the prescribed bid-security declaration and supporting registration documentation.

Participation is through Bank of Baroda's e-tendering portal. The document states that bidders must register on the portal and use a valid Class III Digital Signature Certificate with signing and encryption components. The Bank specifically recommends that bidders avoid waiting until the final day because connectivity, browser, system or DSC issues will not extend the deadline.

What the audit is expected to cover

The RFP describes the broader purpose of concurrent audit as identifying system lapses and irregularities, detecting income leakage and fraud indicators, checking compliance with sanction terms and highlighting emerging weaknesses promptly. Because the assignment relates to a specialized treasury branch, the selected firm's technical suitability, methodology and proposed team are part of the evaluation process.

Technical submissions are expected to include the prescribed eligibility declarations, authorization documents where applicable, methodology and work plan, proposed team profile, key personnel details and other annexures specified by the Bank. The financial proposal is submitted separately.

What CA firms should do now

Interested firms should first test themselves against every eligibility condition in Annexure 3 rather than relying only on the headline requirement of ICAI and RBI registration. They should also assemble documentary evidence in the sequence prescribed by the RFP, confirm DSC and portal access, review the technical-evaluation framework and monitor the Bank's tender pages for any addendum or schedule change.

The Bank states that dates are tentative and can change, so firms planning to bid should re-check the official tender portal immediately before submission.

For CA firms with relevant banking and treasury-audit capability, this is a live three-year concurrent-audit opportunity. The operational deadline to watch is September 1, 2026 at 5:00 PM, and the strongest preparation step is an early eligibility and documentation check against the full RFP rather than a last-day upload.

Key takeaway

This is a live professional opportunity for eligible CA firms with a near-term September 1 deadline and a 36-month treasury concurrent-audit mandate.