Bank of India Reappoints Four Statutory Central Auditors for FY2025-26
Bank of India reappointed four audit firms as Statutory Central Auditors for FY2025-26, with approval from the RBI. The firms include M/s S Jaykishan, M/s A Bafna & Co., M/s S C V & Co. LLP, and M/s Sarda & Pareek LLP. This marks the 3rd year for three firms and the 2nd year for one.
The reappointment of auditors is a standard operational procedure and is unlikely to have a significant immediate impact on the bank's financial performance or stock price.
The reappointment of statutory auditors is a routine regulatory process and does not inherently carry a positive or negative financial implication for the bank.
Bank of India (BOI) has announced the reappointment of four Audit Firms as its Statutory Central Auditors (SCAs) for the financial year 2025-26. This reappointment follows the approval received from the Reserve Bank of India (RBI).
The four firms reappointed are M/s S Jaykishan from Kolkata, M/s A Bafna & Co. from Jaipur, M/s S C V & Co. LLP from New Delhi, and M/s Sarda & Pareek LLP from Mumbai.
For M/s S Jaykishan, this will be their 3rd year as SCA. M/s A Bafna & Co. and M/s S C V & Co. LLP will also be serving their 3rd year as SCAs. M/s Sarda & Pareek LLP will be entering their 2nd year as SCA for the bank. The announcement also includes a brief profile of each audit firm, listing their FRN/UCN numbers, year of establishment, and names of senior partners.
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Bank of India filed this with the NSE as a statutory disclosure, categorised under auditor changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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