The council of the Institute of Chartered Accountants of India, has decided to limit the number of Banks a Chartered Accountant can do Concurrent Audit of to 4. The council in its 342nd Council Meeting decided that
"The Council decided to fix limit on concurrent audit of banks at 4
audits per member per year. Cooperative banks and RRBs were exempted
from the limit. The above limit will come into effect from 1.1.2016."