Announced Fri, 15 May · 18:09 IST
Appointment of Joint Statutory Auditors of the Bank
Management Changes View source PDF
FEDERALBNK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹282.05
prior close
₹280.75
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.6-0.8-0.3+1.6+2.6+0.7+1.7+2.8+2.4+11.9+13.9+24.6—
Up moveDown movePending
AI summary
Federal Bank has received RBI approval to appoint two new joint statutory auditors: Price Waterhouse LLP and K S Aiyar & Co for FY 2026-27. The current auditors, Suri & Co and M S K A & Associates, are completing their term at the conclusion of the ensuing AGM as per RBI guidelines. The appointment is subject to shareholder approval at the upcoming AGM. The Board took note of this RBI approval on May 15, 2026.
Likely market impact
This is a routine auditor rotation as per RBI guidelines and has no immediate impact on shareholders. The change will be formalized after shareholder approval at the AGM.