CSB Bank Limited has informed the Exchange regarding '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 appointment of M P Chitale & Co as a new Joint Statutory Auditor for FY 2026-27, replacing Walker Chandiok & Co. LLP whose term ends at the upcoming AGM. Sundaram & Srinivasan will continue as the other Joint Statutory Auditor, being their 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 over 70 years of experience, registered with RBI, ICAI, and IRDAI, with expertise in banking and financial services audits.
Routine regulatory update with minimal direct impact on stock price. The change follows standard RBI guidelines for auditor rotation, and the incoming auditor brings extensive BFSI sector experience.