Appointment of Joint Statutory Auditors of CSB Bank Limited for the financial year 2026-27 - Receipt of Approval of Reserve Bank of India
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CSB Bank has received RBI approval for the appointment of M P Chitale & Co as one of its Joint Statutory Auditors for FY 2026-27. M P Chitale & Co replaces Walker Chandiok & Co. LLP, whose term concludes with the ensuing Annual General Meeting. Sundaram & Srinivasan continues as the other Joint Statutory Auditor for its third year in office. The appointment of M P Chitale & Co is subject to shareholder approval at the ensuing AGM. M P Chitale & Co is a well-established firm with 70 years of experience, empaneled with RBI, ICAI, and IRDAI, with expertise in the BFSI sector.
Routine auditor change as per RBI guidelines for rotation of statutory auditors. This is a standard corporate governance action and should not have any negative impact on shareholders. The bank continues its relationship with Sundaram & Srinivasan while adding M P Chitale & Co to its audit team.