The Federal Bank Limited has informed the Exchange regarding Change in Auditors of the company.
FEDERALBNK · price
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Federal Bank has received RBI approval to appoint M/s. Price Waterhouse LLP and M/s. K S Aiyar & Co as Joint Statutory Auditors for FY 2026-27. The existing auditors, M/s. Suri & Co and M/s M S K A & Associates, are stepping down following completion of their term at the conclusion of the ensuing AGM. The appointment is subject to shareholder approval at the upcoming AGM. The change is in line with RBI guidelines on auditor rotation.
This is a routine auditor rotation mandated by RBI guidelines and poses no immediate concern for shareholders. The two large chartered accountancy firms appointed may bring stronger audit oversight to the bank.