In a move to eliminate manual processes, Canara Bank has launched its Digital Balance Confirmation Certificate through the PSB Alliance Pvt. Ltd portal. This initiative reduces the time required for auditors to complete the auditing process by replacing the traditional manual approach with a seamless digital solution, according to the comapany

Previously, auditors had to approach banks individually with authority letters to obtain Balance Confirmation Certificates, a time-consuming process. With this digital service, confirmation will flow directly to auditors through the online portal after obtaining online consent from the customer, eliminating the need for manual intervention.