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Private Sector Bank
Auditor21 Aug 2026, 09:20 pm

CSB Bank Appoints M P Chitale & Co as Joint Statutory Auditors

AI Summary

CSB Bank Limited announced the appointment of M P Chitale & Co, Chartered Accountants, as one of its Joint Statutory Auditors. This decision was approved by the shareholders at the Bank's 105th Annual General Meeting held on August 21, 2026. The appointment is for a continuous period of three years, from FY 2026-27 to FY 2028-29, and will be effective from the conclusion of the 105th AGM until the conclusion of the 108th AGM. The appointment is subject to the Reserve Bank of India's approval for each financial year during their tenure, as per Section 30(1A) of the Banking Regulation Act, 1949. This disclosure was made pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Highlights

  • M P Chitale & Co appointed as Joint Statutory Auditors.
  • Appointment is for a three-year term (FY2026-27 to FY2028-29).
  • Shareholder approval received at the 105th AGM on August 21, 2026.
  • RBI approval required annually for the tenure.
  • Disclosure made as per SEBI Listing Obligations and Disclosure Requirements.