Gold Verification & Inspection Credit Appraisal
- Maintain an Average of 50 60 Gold inspections in a year with a productivity of 150 200 packets per day.
- Verify the purity, weight, and authenticity of pledged gold ornaments in accordance with approved appraisal standards.
- Check for any fake, duplicate, tampered, altered, or suspicious gold items and document observations accurately.
- Perform ornament count verification and confirm correct identification of ornament names and descriptions.
- Ensure all pledged ornaments match system records, appraisal details, and branch documentation.
- Maintain and update Gold Inspection formats during inspection for accurate uploading in the final report.
- Gi need to ensure the packets opened for verification are properly sealed and returned to Solid room.
- Prepare and maintain a detailed list of irregularities identified during the inspection for system updating and audit tracking.
- Clearly update identified irregularities on the top of the Gold Loan cover and in the stock statement to ensure transparency and visibility.
- Immediately update the purity details of irregular accounts in the system to prevent further credit exposure and risk.
- GI need to ensure counting and tallying of packets at the end of Gold inspection before handing over the key to custodian.
- Maintain and update Gold Inspection formats after inspection for accurate uploading in the final report.
- Promptly alert the hierarchy and Head Office in cases requiring immediate intervention, escalation, or corrective action.
- Ensure proper documentation and evidence collection to support all findings and strengthen risk mitigation measures.
Audit of Gold Loan Process
- Review and verify whether branches are strictly following gold loan sanctioning policies, operational guidelines, and approved SOPs.
- Verify the completeness and accuracy of documentation related to loan disbursement, renewal, closure, and related transactions.
- Check compliance with pres