Auditor15 May 2026, 06:11 pm
Federal Bank Appoints Price Waterhouse & K S Aiyar as Joint Auditors
AI Summary
Federal Bank Ltd has received RBI approval to appoint M/s. Price Waterhouse LLP and M/s. K S Aiyar & Co as Joint Statutory Auditors for the financial year 2026-27. The Board of the Bank acknowledged the RBI approval on May 15, 2026. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The change in auditors is due to the completion of the term of the existing auditors, M/s. Suri & Co and M/s M S K A & Associates, as per RBI guidelines.
Key Highlights
- RBI approves appointment of Price Waterhouse LLP and K S Aiyar & Co as Joint Statutory Auditors.
- Appointment is for the financial year 2026-27.
- Board of Federal Bank acknowledges RBI approval on May 15, 2026.
- Appointment is subject to shareholder approval at the upcoming AGM.
- Existing auditors' term completion leads to the proposed change.
Price Impact
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