StockWatch
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Public Sector Bank
Auditor29 Sept 2026, 02:46 pm

Bank of Baroda: Auditor change for limited review of Q2 FY27 results

AI Summary

Bank of Baroda announced a change in its Statutory Central Auditors (SCAs) for the limited review of financial results for the quarter and half-year ending September 30, 2026. M/s Batliboi & Purohit, one of the SCAs, expressed inability to continue due to regulatory capacity constraints from another audit engagement. The Audit Committee has approved carrying out the limited review by the remaining SCAs: M/s Shah Gupta & Co, M/s V Sankar & Aiyar & Co, M/s Ravi Rajan & Co LLP, and M/s Gokhale & Sathe LLP. This change is due to regulatory requirements and not due to any disagreement or adverse matter concerning the outgoing auditor.

Key Highlights

  • One of Bank of Baroda's SCAs cannot perform limited review for Q2 FY27.
  • Reason for inability is regulatory capacity constraints.
  • Remaining SCAs will conduct the limited review.
  • Change is due to regulatory compliance, not auditor disagreement.