Basant Kumar Sah
SENIOR AUDIT ASSOCIATES, EX-BANKER
Dumka,Jharkhand
Summary
Senior Audit Associate leading statutory audits, concurrent bank audits, and financial compliance reviews for commercial and institutional clients. Conducts stock and inventory audits, tests internal controls, and checks accounting standards adherence to surface reporting gaps and valuation issues. Brings banking and legal-risks knowledge from branch recovery leadership into audit execution and compliance review.
Overview
3
3
Languages
1
1
Certification
21
21
years of professional experience
Work History
Senior Audit Associate
Rakshit & Co., Chartered Accountants
2022.01 - Current
- Lead and execute comprehensive statutory audits, concurrent bank audits, and financial compliance reviews for commercial and institutional clients.
- Conduct specialized stock and inventory audits, assessing valuation integrity and identifying financial discrepancies for corporate and SME borrowers.
- Evaluate internal control systems, accounting standards adherence, and reporting frameworks to ensure full statutory alignment.
Senior ManagerHead of Department – Recovery,Legal
UCO Bank, Zonal Office (Suri Zone)
2012.06 - 2022.01
- Headed the Recovery and Legal Department for the entire Suri Zone, overseeing NPA recovery strategies across 110+ bank branches.
- Managed high-value litigation, Debt Recovery Tribunal (DRT) matters, SARFAESI enforcement, and negotiated compromise settlements to accelerate asset resolution.
- Supervised zonal legal compliance, coordinated with empanelled advocates, and designed recovery drives to minimize slippages and optimize loan collections.
Second-in-Charge (Scale-II Officer)
UCO Bank, Rampurhat Branch
2009.01 - 2012
- Managed core operational verticals, including the Advances Section, Accounts Section, and Branch-Level Recovery.
- Appraised retail and commercial loan proposals, performed risk assessments, and monitored post-disbursement credit health.
- Ensured operational efficiency, audit readiness, and consistent resolution of delinquent accounts at the branch level.
Branch Manager (Scale-I Officer)
UCO Bank, Kurumgram Branch (Suri Zone)
2008.05 - 2009.01
- Appointed as Branch Manager post-probation; steered complete branch administration, customer service, and business development.
- Drove deposit mobilization, prioritized priority sector lending, and maintained overall operational compliance.
Probationary Officer (Scale-I)
UCO Bank
2007.05 - 2009.01
- Completed extensive foundational and operational banking training covering credit, forex, accounting, and retail branch management.
Deputy Manager – Marketing
Bank of Maharashtra
2006.01 - 2007.05
- Managed business acquisition efforts by identifying prospects and expanding the branch customer base.
- Maintained client relationships through regular follow-up, responsive service, and issue resolution.
- Promoted retail banking financial products to support cross-sell opportunities and branch revenue growth.
Education
MBA - Marketing Management
Tilka Manjhi Bhagalpur University
Bhagalpur2003-01
MATHEMATICS HONOURs
S.P. College
Dumka, Jharkhand1999-12
Higher Secondary - Science
B.S.E.B. Patna
Patna1994-06
Skills
- Branch Administration
- Credit Analysis
- Advances & Loan Underwriting
- Accounts Management
- SARFAESI Act
- DRT/NCLT Proceedings
- Compromise Settlements
- Zonal Legal Portfolio Management
- Statutory Audits
- Bank Concurrent Audits
- Stock & Inventory Audits
- Financial Statement Analysis
- Multi-Branch Supervision (110 branches)
- Team Leadership
- Regulatory Compliance
- Stakeholder Relations
Certification
UCO Bank Officer Induction & Advanced Banking Management Training
Personal Information
- Date of Birth: 06/12/1977
- Nationality: Indian
Timeline
Senior Audit Associate
Rakshit & Co., Chartered Accountants
2022.01 - Current
Senior ManagerHead of Department – Recovery,Legal
UCO Bank, Zonal Office (Suri Zone)
2012.06 - 2022.01
Second-in-Charge (Scale-II Officer)
UCO Bank, Rampurhat Branch
2009.01 - 2012
Branch Manager (Scale-I Officer)
UCO Bank, Kurumgram Branch (Suri Zone)
2008.05 - 2009.01
Probationary Officer (Scale-I)
UCO Bank
2007.05 - 2009.01
Deputy Manager – Marketing
Bank of Maharashtra
2006.01 - 2007.05
Higher Secondary - Science
B.S.E.B. Patna
MATHEMATICS HONOURs
S.P. College
MBA - Marketing Management
Tilka Manjhi Bhagalpur University