DCB Bank Appoints Deloitte Haskins & Sells as Joint Statutory Auditor for FY27
DCB Bank's joint statutory auditors for FY27 will be Varma & Varma (reappointed for 3rd year) and Deloitte Haskins & Sells (newly appointed). RBI approved this change, which requires member approval at the upcoming AGM.
Auditor changes are common and typically do not have a direct, immediate impact on the bank's operations or financial performance.
The change in auditors is a routine regulatory process and does not inherently indicate positive or negative performance for the bank.
DCB Bank Limited has announced a change in its joint statutory auditors for the financial year 2026-27. The Reserve Bank of India (RBI) has conveyed its approval, subject to certain conditions, for the reappointment of M/s Varma & Varma, Chartered Accountants, for their third year. Additionally, M/s Deloitte Haskins & Sells, Chartered Accountants, has been appointed as a joint statutory auditor for the first year, replacing M/s B S R & Co. LLP. The outgoing auditors, M/s B S R & Co. LLP, will complete their term at the conclusion of the upcoming Annual General Meeting (AGM).
This reappointment and new appointment are subject to the approval of the Bank's Members at the ensuing AGM. Brief profiles of both M/s Varma & Varma and M/s Deloitte Haskins & Sells have been provided. M/s Varma & Varma, established in 1935, has 35 partners and extensive experience in the BFSI sector. M/s Deloitte Haskins & Sells, part of the Deloitte network, has been auditing financial statements of banks for many years and has a significant professional team.
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DCB Bank Limited 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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See the model portfoliosA plain-language summary of a public exchange filing by DCB Bank Limited. Read the original for the full detail.