RBL Bank Limited has informed the Exchange regarding outcome of Board meeting held on July 18, 2025.
RBLBANK · price
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RBL Bank's Board of Directors, at a meeting on July 18, 2025, approved the appointment of M/s. Singhi & Co., Chartered Accountants as one of the Joint Statutory Auditors of the Bank for a 3-year term, from the conclusion of the 82nd Annual General Meeting (AGM) to the conclusion of the 85th AGM. They will replace M/s G M Kapadia & Co., whose 3-year term ends at the 82nd AGM, and will serve alongside the existing joint auditor M/s. KKC & Associates LLP. The Reserve Bank of India has approved Singhi & Co.'s appointment for FY 2025-26, and their appointment as joint statutory auditors will require RBI approval each subsequent year. Singhi & Co., established in 1953, is part of the global Moore Global network and brings significant experience in audit and advisory services for the BFSI sector. The board meeting ran from 11:13 a.m. to 6:35 p.m.
This is a routine corporate governance announcement with no material impact on shareholders or the stock price. It simply reflects a planned rotation of statutory auditors, in line with RBI and SEBI norms, and signals continuity of audit oversight with a reputed firm experienced in banking sector audits.