Bank of Baroda ASM Cashpor Micro Credit Tender 2026

Quick Glance

Bank Bank of Baroda · Account M/s Cashpor Micro Credit · BOB Exposure Rs. 194.34 cr · Last Date 30 May 2026 · Initial Tenure 1 year (extendable to 3 years) · Vacancy 1 ASM

Overview

• Recruiting Organisation - Bank of Baroda, Credit Department, Varanasi Zone

• Nature of Tender - Offer for Appointment as Agency for Specialised Monitoring (ASM)

• Borrowal Account - M/s Cashpor Micro Credit

• Banking Arrangement - Multiple / Consortium banking

• Bank's Exposure (as on 31 March 2026) - Rs. 194.34 crores (approximate)

• Other Banks' Exposure (as on 31 March 2026) - Rs. 2,465.66 crores (approximate)

• Eligible Bidder - IBA empaneled agencies for specialised monitoring

• Engagement Basis - Common engagement basis in exposures of a specialised nature, per extant guidelines

• Initial Tenure - 1 year, extendable up to a maximum of 3 years subject to satisfactory conduct, performance and consortium decision

• ASM Period Start - Q1 FY 2026-27

• Report Frequency - Quarterly (submitted by the 10th to 15th of the next month from end of quarter)

• Subject Line for Quote - "Quote for Specialised Monitoring Assignment"

• Submission Mode - Sealed hard copy at office address OR email at the dedicated zonal email ID

• Vacancy - 1 ASM for the said account

• Location - Varanasi (account monitoring; ASM is expected to have a setup in the city of the office / unit / factory of the Account)

• Issuing Authority - Asst. Gen. Manager (Incharge), Credit Department, Bank of Baroda, Varanasi Zone

• Document Classification - Confidential - Not for Public Consumption or Distribution

Important Links

• Bank of Baroda Career Listing: https://bankofbaroda.bank.in/career/current-opportunities/appointment-of-asm-31-05

• Detailed Advertisement (PDF): https://bankofbaroda.bank.in/-/media/Project/BOB/CountryWebsites/India/Career/2026/26-05/ASM-Apointment-20-04.pdf

• Bank of Baroda Career Portal: https://www.bankofbaroda.bank.in/Career.htm

Important Dates

The signed PDF offer document lists the last date as 30 May 2026, while the Bank of Baroda career landing page lists 31 May 2026 - applicants should treat the earlier date as binding and confirm with the Bank if in doubt.

Tender Details

Purpose

Bank of Baroda is inviting quotations from IBA empaneled agencies for appointment as ASM in its borrowal account of M/s Cashpor Micro Credit. As per extant guidelines, agencies for specialised monitoring are appointed on a common engagement basis in exposures of a specialised nature.

Account and Exposure

Engagement and Tenure

• The appointment of ASM will be for 1 year initially.

• It may be extended for a maximum of up to 3 years subject to satisfactory conduct, performance and consortium decision.

• Period of ASM will start from Q1 FY 2026-27.

• Report frequency will be Quarterly, to be submitted by 10th to 15th of the next month from end of the quarter.

• The report must cover all the points given in the Scope of ASM (Appendix-1) and should be conclusive for taking decisions by the lenders.

• The offer is not binding for empanelment - Bank reserves the right to decline / not consider an offer without assigning any reason, and the decision of the Bank prevails in any dispute.

Scope of ASM (Appendix-1)

The broad scope of work for the external ASM agency, as suggested by IBA, includes:

1. Monitoring of purchases / invoices - about quantum and reasonableness of rates for procurement of raw material, spares, transportation etc., on daily / weekly basis and comparing vis-à-vis monthly operation budget submitted by the company.

2. Review of inventory build-up - including trade receivables and advances to the Company.

3. Monitoring actual operations - production / supplies etc. vis-à-vis projections.

4. Verification of high-value transactions / payments - as regards beneficiary and purpose.

5. Assessment of financial information - provided by the company to lenders including short-term and long-term cash flows.

6. Identifying key issues - and submitting reports with suggestions for smooth operations of the project.

7. Additional verification of evidence of end use of facilities - and utilization as per conditions laid by the lenders / consortium.

8. Inspection / verification of stock / book debts - and submission of monthly report on inventory and receivables position to arrive at correct drawing power.

9. Periodic reports on:

   • Temporary / long-term / unscheduled closure of manufacturing facilities

   • Any untoward incident, suspicious business or unrelated activity

   • Non-cooperation from borrower to provide general information

   • Source of margin towards working capital / LC / BG

   • Quality of book debt, appropriateness, age-wise classification and eligible book debts for Drawing Power

   • Confirmation on availability of adequate insurance for securities / stocks / assets with Bank clause noted

   • Monitoring of milestones for contracts against which performance Bank Guarantees were issued

   • Monitoring of ESCROW / designated accounts to verify advance payments against guarantees

   • Other services as requested by the lenders and mutually agreed

   • Details of related-party transactions and arm's-length dealings

   • Stock Audit / BG Audit etc.

   • Monitoring of cash flows (both inflow and outflow)

   • Validation of securities offered including inflation of value of stocks / higher valuation

   • To highlight diversion of short-term funds for long-term uses

   • Highlight diversion of funds for purposes other than stipulated in sanction

   • Other services requested by the Lenders / Consortium

   • Obtaining balance confirmation from top 5 debtors / creditors

   • Comments on related-party details for Debtors / Creditors

   • Receipts and payments channelised through related parties instead of TRA accounts

   • Property purchased by related party from borrower funds

   • Borrower booking inflated profits by selling property to group companies

10. ASM Reports must also include:

    • Intelligent analysis on the movement of stocks / book debts, realisable values, levels of holdings

    • Whether sales of the company are in tune with past trends / projections and whether turnover routed through the Bank

    • Tendency to show higher sales at year end for booking profits

    • Accounting practices adopted by the company

    • Pricing policies for procurement and sale of raw materials and finished goods

    • Systems of maintenance of stocks, movement of stocks / goods and clear title

    • Adequacy of the inventory management system

11. Other Scopes:

    • Verification of Major parameters - bank limits both actual and contingent as per books and confirmation from banks as on Quarter end

    • Collecting information from all consortium lenders from time to time

    • In case of consortium lending, ASM monitors status of borrowing with member bank, conduct of accounts, business sharing

    • Base of assignment - previous three months stock / statements; audit movement of assets and physical verification of stocks; verify DP calculation

    • Obtain pass sheets of all Banks and reconcile credits with movement of current assets

    • Verify the nature of transactions in account TRA and report critical observations

    • Level of cash holding at end of period vis-à-vis nature / line of activity

    • Verify movement of debtors with Sales Book and creditors with Purchase Book (not applicable for NBFC)

    • Fixed asset register verification for additions / deletions

    • Contingent liabilities - LC / BG, outstanding and trade-relatedness

    • Forex exposures - details of remittance sent and received vis-à-vis turnover reported and ECGC compliances

    • Un-hedged exposure to be analysed and reported with reasons

    • Legal cases of the company

    • Whether statutory payments are remitted promptly

    • Cases of siphoning of funds, third-party transactions, non-business transactions, fraudulent practices

    • Cash flow adequacy for operations to meet debt obligations

    • Related-party transactions to be separately studied and reported

    • Necessity of each high-value payment

    • Assessment of short-term and long-term cash flow information

    • Transactions with banks other than the consortium / MBA Bank, deficit in cash flows on account

    • Compliance of Sec 177 of Companies Act 2013 regarding Corporate Audit Committee findings on end use of borrowed funds

    • Cases of misrepresentation of facts, malfeasance, unfair trade practices

    • Overall assessment in the status of the account and likely performance and health

    • Information regarding floating of new subsidiary / joint venture, resignation of key management / technical personnel

12. Non-Cash Parameters:

    • Industry-specific prevailing trends, cyclical changes, government policies, precautionary / mitigation measures

    • High-value vendor due diligence, market values vis-à-vis invoice prices

    • Technological obsolescence and substitution measures

    • Industry experts to be involved during stock audit in technical sectors

    • Reporting on litigation, court cases, asset classification of associate concerns

    • Submission of report covering the entire scope of ASM assignment

The above list is only indicative; the Bank reserves the right to include any other post-monitoring activity and account-specific monitoring activity in the scope.

Financial Bid (Appendix-2)

The Financial Bid format requires the following:

• Name of the Firm

• Financial Bid for the Account

• Period / Tenure for Engagement

Compensation Structure:

Key conditions for Financial Bid:

• Lump-sum fee is to be mentioned and not as a percentage of the value of account.

• GST on all expenses / fee is to be paid by the Bank; the fee quoted is exclusive of GST (Professional fees are evaluated exclusive of GST).

• All other charges, wherever reasonable, are to be paid on actual basis.

• Before incurring any major expenses, permission from Branch Head of the concerned branch is to be obtained.

• The financial bid is not the only criteria for selection - the ability of the ASM to complete the task in line with the Bank's objectives is also assessed.

• Final decision on selection of ASM is based on overall assessment of the Bank and is final and binding.

Proforma for Additional Information (Appendix-3) - General Parameters

The Bank requires the following information from each agency:

1. Name of the ASM

2. Name of the Account for which application is submitted

3. Registration No. (if any by IBA / other agency)

4. Constitution

5. GST No.

6. Date of Incorporation / Establishment

7. Address (of all locations / offices / branches)

8. Contact Number(s)

9. E-Mail ID(s)

10. Website

11. Whether blacklisted by any Financial Institution / other organisation / Government Department till the date of application (self-attested affidavit required)

12. Details of Director(s) / Partner(s) / Authorised Person(s) - Name, Address, Contact Number, Email ID, Mobile No.

13. Details of Key Personnel / Employees in the firm (with profile of each)

14. Names of Key Personnel / Employees who would be working on the project / account under the application

15. Whether the ASM or any of its Directors / Employees is / was hired in any form by the Corporate / Firm for which the ASM is desired (Consultant / Engineer / Auditor)

16. Whether the ASM or any Directors / Employees are related in any manner to the Account for which ASM is desired

17. Whether the ASM or any Directors / Employees have ever dealt with the Account / Firm / Borrower including debt syndication

18. Firm / Director(s) / Partner(s) / Promoter(s) / Proprietor / Key Employees involved or charged in tax / regulatory violations

19. Firm / Director(s) / Partner(s) / Promoter(s) / Proprietor / Key Employees involved in litigation

Other Information (Appendix-4)

The Bank requires the following operational metrics for each applicant:

The agency must submit a Declaration that the information given is true and correct and express interest to act as ASM if empaneled.

Model Sample Checklist for Reporting by ASM (Appendix-5)

Part A - General:

The ASM's quarterly report opens with general details including the name and location of the borrower, the line of activity (major and minor), banking arrangement (consortium / multiple), aggregate exposure (FB and NFB), exposure split (WC FB, WC NFB, TL), Lead Bank / Largest Exposure Bank, validity of limits, external rating (short-term and long-term, with rating migration), report quarter, date of report and reference of appointment.

Part B - Reporting Checklist (63 indicative items):

The Model Reporting Checklist for ASM contains 63 indicative items on which the agency provides comments and observations. Key reporting heads include:

• General observations at unit visit

• Level of co-operation and transparency by the borrower

• Adequacy of replies / clarification / justifications for queries

• Adequacy of documents provided for study

• Inspection / verification of stocks / book debts

• Movement of current assets during the review period

• Movement / ageing of debtors and bad debts; list of top ten debtors by value and age

• Drawing Power (DP) calculation - adherence to accounting standards, adequacy

• Deficit, if any - reasons and clarifications from the party

• Margin / security / charges / insurance on current assets

• Build-up of inventories - slow-moving / obsolete stocks

• Movement of stock and book debts vis-à-vis sales turnover; whether SAP / ERP or manual on monthly basis

• Bills including export bills outstanding for more than period stipulated in sanction

• Sales turnover and production achievement vis-à-vis estimates

• Verification of sales invoices and purchase bills with discrepancy comments

• Verification of transactions in operating account / TRA - cheque return, non-payment of statutory dues

• Debits entries vis-à-vis purchases payment expenses

• High-value debits - purpose and beneficiary

• High-value debtors / creditors / LC / BG beneficiary parties verified through public domain

• Assessment of financial information including short-term and long-term cash flows

• End use of facilities by the company per conditions laid down by consortium

• Credits in account vis-à-vis advances from customers (shortfall, if any)

• Sales turnover rotated through bank account vis-à-vis sales register; amount routed through each bank

• Infusion of funds by promoters - capital, preference shares, quasi-capital, unsecured loans; round-tripping post Balance sheet date

• Short-term / long-term loans raised during the period with purpose

• Undisputed statutory dues outstanding for more than 6 months

• Fixed assets register verification - additions vis-à-vis sources, deletions vis-à-vis utilisation

• Devolvement of LC / LoU / Buyers Credit

• Invocation of BG and its impact

• Export credit transactions and discrepancies

• Adequacy of ECGC - pre and post-shipment / buyer-wise policy

• Nature and extent of hedging - reasons for no hedging

• Payment received and paid through third parties

• Related-party transactions with group entities, JVs, subsidiaries; floating of new subsidiary / JV; payments with approval of Lead Bank

• Diversion / siphoning of funds; transactions unrelated to business

• Cash flow adequacy vis-à-vis debt obligations

• Contingent liabilities and any unsatisfactory features

• Legal suits filed by company and against the company including related-party cases pending before NCLT

• Claims against the company (legal or otherwise)

• Short / long-term closure of manufacturing facilities; untoward incidents - fire, floods, Force Majeure; labour unrest, strike, tax raids

• Suspicious activities; fraudulent practices; cases of misrepresentation, malfeasance, suppression of facts

• Changes in key management / technical personnel during the period

• Changes in shareholding pattern and pledge of shares by promoters

• Short / long-term impact of policy changes on the business / cash flows

• Long-term impact of adverse developments on the industry front

• Performance at NSE / BSE - reasons for volatility in case of listed companies

• Identification of key issues with suggestions for smooth operations

• Overall assessment of the health of the account and short-to-medium-term performance

• Comments on Key Financial Indicators as per latest ABS

• Comments on quarterly / half-yearly reports / results

• Comments on any other matter of relevance

• Default in undisputed payment to statutory body as declared in Annual Report

• Frequent overdraft; high-value RTGS to unrelated parties

• Claims not acknowledged as debt high

• Unbilled revenue (advance receipt)

• Substantial related-party transaction (more than 10% of turnover)

• Pro-rata performance - Net Sales and Net Profit after Tax (Estimate vs Achievement till Quarter End vs Pro-rata achievement percentage)

The format is indicative and can be revised based on the specific requirements of each entity.

Certificate to be Submitted by ASM (Appendix-6)

The ASM must submit a certificate at the end of each quarter affirming that:

a) Transactions of the Bank vis-à-vis movement of current assets for the quarter have been verified and are in line with operations of the company.
b) No inventory build-up on account of slow-moving / obsolete stocks; movement of stocks and book debts is satisfactory and in line with industry trends.
c) High-value debits and credits in the account have been verified vis-à-vis purchases of raw material / stores and advances / income from operations, and found to be in order.
d) Related-party transactions have arisen purely on account of business relations.
e) Sales books have been verified vis-à-vis GST / DGFT (for export) / 26AS Returns with no major discrepancy.
f) The company is maintaining the required level of transparency in submission of data / statements to lenders.
g) Cash flows for the review period are normal, with no diversion of funds; loan funds have been utilised for the intended purpose.
h) No suspicious activity, misrepresentation, suppression of facts or fraudulent practices observed; business operations are satisfactory and in accordance with the law.
i) Overall dealings of the company are satisfactory.

The certificate includes a declaration that the facts, figures and data in the report are true and correct, signed with stamp, place and date.

Eligibility / Pre-qualification

• The agency must be IBA empaneled for specialised monitoring assignments.

• The applicant must not be blacklisted by any Financial Institution / other organisation / Government Department (self-attested affidavit required).

• The applicant or its Directors / Partners / Employees must not have a present or past relationship with the borrower (employment, consultancy, related-party, dealing in debt syndication etc.) that would create a conflict of interest.

• The agency should have one or more Chartered Accountants and Industry Experts (with at least 5 years post-qualification experience in the same industry) for deployment on the project.

• A local office / setup in the city of the office / unit / factory of the Account is preferred.

• The agency must furnish details of all ongoing assignments with Bank of Baroda and other banks, completed similar assignments, and turnover and credit-facility profiles of the 3 major ASM accounts handled.

EMD / Earnest Money

The tender notice does not specify any Earnest Money Deposit. Bidders submit a financial quote, profile and supporting documents per Appendices 1-6. Candidates are advised to check the official notification for complete details of any additional pre-bid requirements.

How to Bid

1. Download the detailed offer document from the Bank of Baroda Careers page at https://bankofbaroda.bank.in/career/current-opportunities/appointment-of-asm-31-05 or directly from https://bankofbaroda.bank.in/-/media/Project/BOB/CountryWebsites/India/Career/2026/26-05/ASM-Apointment-20-04.pdf.

2. Read all 6 Appendices carefully - Scope of ASM, Financial Bid format, Proforma for Additional Information, Other Information criteria, Indicative Reporting Checklist (Parts A & B), and the Certificate format.

3. Prepare the Financial Bid (Appendix-2) with a lump-sum professional fee for the tenure and a per-month fee in case of extension, both exclusive of GST.

4. Fill in the Proforma for Additional Information (Appendix-3) with complete general parameters - constitution, GST No., registration with IBA, address, contacts, details of Directors / Partners and Key Personnel, blacklisting affidavit if needed, conflict-of-interest declarations and litigation history.

5. Fill in the Other Information (Appendix-4) with details of ongoing / completed assignments, turnover and credit facilities of major ASM accounts handled, number of CAs and Industry Experts deployable, and confirmation of local office setup.

6. Sign and submit the Declaration confirming the information given is true and correct.

7. Pack all the documents in a sealed envelope superscribed with the subject line "Quote for Specialised Monitoring Assignment" and address it to: The Asst. Gen. Manager, Bank of Baroda, Credit Department, Baroda Bhawan, 2nd Floor, Plot No 24, Industrial Estate, Chandpur, Varanasi, Uttar Pradesh - INDIA, Pin 221106.

8. Alternatively, email the application with the same subject line to credit.zovaranasi@bankofbaroda.com.

9. Ensure submission reaches the Bank on or before 30 May 2026 (the PDF deadline; the Bank's career page lists 31 May 2026 - confirm in case of any doubt).

Eligibility at a Glance

Important Point

• The offer is not binding for empanelment - Bank reserves the right to decline or not consider an offer without assigning any reason.

• Professional fees must be quoted as lump-sum, not as a percentage of the value of the account.

• GST is paid separately by the Bank - quoted fee must be exclusive of GST.

• The financial bid is not the sole selection criterion - the Bank assesses overall ability of the agency based on the Annexures.

• Selection includes the ability to complete the task in line with the Bank's objectives - this is independently assessed.

• The ASM must submit a quarterly report by the 10th to 15th of the month following the quarter end, covering all the points in the Scope of ASM (Appendix-1).

• Any conflict of interest, past or present, with the borrower disqualifies the agency.

• The Bank's decision in any dispute will prevail.

• Major expenses require prior permission from the Branch Head of the concerned branch.

Important Instructions

• The offer document is Confidential - Not for Public Consumption or Distribution.

• Bidders must use the exact subject line "Quote for Specialised Monitoring Assignment" on both physical envelope and email.

• The Declaration in Appendix-4 must be signed by an Authorised Signatory, supported by an authority letter or board resolution if applicable.

• Brief write-ups and summary of reports in past assignments (without hurting NDA in annexure) should be provided - Bank reserves the right to take opinion from concerned assignors on satisfaction level.

• Bank may include any other post-monitoring activity in the scope of work and any account-specific monitoring activity, if required.

Contact and Submission Address

• Submission Address - The Asst. Gen. Manager, Bank of Baroda, Credit Department, Baroda Bhawan, 2nd Floor, Plot No 24, Industrial Estate, Chandpur, Varanasi, Uttar Pradesh - INDIA, Pin 221106

• Email - credit.zovaranasi@bankofbaroda.com

• Subject Line - "Quote for Specialised Monitoring Assignment"

• Issuing Authority - Asst. Gen. Manager (Incharge), Credit Department, Bank of Baroda, Varanasi Zone

Source

Source: https://bankofbaroda.bank.in/-/media/Project/BOB/CountryWebsites/India/Career/2026/26-05/ASM-Apointment-20-04.pdf, https://bankofbaroda.bank.in/career/current-opportunities/appointment-of-asm-31-05

Final Words

The Bank of Baroda ASM tender for the Cashpor Micro Credit borrowal account is a one-year specialised monitoring engagement (extendable to three years) for IBA empaneled agencies with the operational reach, CA and industry-expert manpower and conflict-free profile to monitor a multi-banking exposure of over Rs. 2,659 crores in aggregate. Sealed quotations or email submissions must reach the Bank's Varanasi office by the 30 May 2026 cut-off in the PDF (the BOB careers page lists 31 May 2026). For the latest updates, keep visiting SarkariWorld.org.