Intimation of receipt of Approval of the Reserve Bank of India for the Appointment of Statutory Auditors of the Bank
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Suryoday Small Finance Bank has received RBI approval for its statutory auditor appointments for FY 2025-26. The RBI approved the re-appointment of M/s. Mukund M. Chitale & Co. for a second year and the appointment of M/s. Gokhale & Sathe as a new Joint Statutory Auditor for the first year. Both firms will now serve as Joint Statutory Auditors of the Bank. The Bank will still need to secure Board and shareholder approvals to formalize the appointments.
This is a routine regulatory compliance update and should have no material impact on shareholders or the stock price. It confirms continuity in audit oversight with the addition of a joint auditor, which is standard for banks under RBI norms.