The Karnataka Bank Limited has informed the Exchange regarding Change in Auditors of the company.
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Karnataka Bank has appointed two new joint statutory auditors, M/s. Ravi Rajan & Co. LLP (New Delhi) and M/s. R.G.N. Price & Co. (Chennai), following approval from shareholders at its 101st Annual General Meeting on September 23, 2025. Ravi Rajan & Co. LLP will serve until the 102nd AGM, while R.G.N. Price & Co. will serve until the 103rd AGM. The Reserve Bank of India had already approved both firms via its letter dated July 18, 2025. Both are well-established audit firms — Ravi Rajan & Co. LLP was set up in 1989 with about 200 professionals and 15 partners, while R.G.N. Price & Co. has over 75 years of experience in audit and consulting. This is a routine, regulatory-driven rotation of auditors as part of the bank's normal governance cycle.
This is a standard auditor appointment and does not signal any governance concern. Shareholders can expect a smooth transition with two reputed firms jointly auditing the bank's books, and the RBI's prior approval adds credibility to the process.