Federal Bank Appoints Price Waterhouse LLP & K S Aiyar & Co as Joint Auditors
Federal Bank has received RBI approval to appoint Price Waterhouse LLP and K S Aiyar & Co as Joint Statutory Auditors for FY 2026-27. The appointment is subject to shareholder approval at the upcoming AGM, replacing the outgoing auditors whose term is concluding.
A change in statutory auditors can have a medium-term impact as new auditors will review the bank's financial statements. This is a significant regulatory requirement and impacts corporate governance.
The appointment of new auditors is a routine regulatory process and does not inherently indicate a positive or negative development for the bank's financial performance or operations. It's a procedural change.
The Federal Bank Limited has announced the appointment of M/s. Price Waterhouse LLP and M/s. K S Aiyar & Co as Joint Statutory Auditors for the financial year 2026-27. This appointment has received approval from the Reserve Bank of India (RBI).
The Board of Directors recorded the RBI's approval on May 15, 2026. The appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
This change in auditors is necessitated by the completion of the term for the current Joint Statutory Auditors, M/s. Suri & Co and M/s M S K A & Associates, as per RBI guidelines. Further details required under SEBI regulations will be submitted post shareholder approval at the AGM.
What to do with a filing like this
The Federal 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 medium impact: worth reading, rarely worth acting on by itself.
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