Yes Bank Appoints MSKA & Associates LLP as Joint Statutory Auditor for FY27
Yes Bank Limited has received RBI approval to appoint M/s. MSKA & Associates LLP as Joint Statutory Auditors for FY 2026-27. M/s. CNK & Associates LLP has been re-appointed for their third year. The appointment of MSKA & Associates is subject to shareholder approval at the AGM, replacing M/s. G. M. Kapadia & Co.
The appointment of statutory auditors is a routine compliance requirement for banks. While essential for governance, it does not typically have a direct, immediate, or significant impact on the bank's financial performance or strategic direction.
The announcement pertains to a routine regulatory process of appointing statutory auditors, which is a standard procedure for banks and does not inherently indicate a positive or negative development for the bank's financial performance or operations.
Yes Bank Limited (YBL) has announced the appointment of M/s. MSKA & Associates LLP as Joint Statutory Auditors for the financial year 2026-27. This decision was approved by the Reserve Bank of India (RBI) via a letter dated June 12, 2026. M/s. MSKA & Associates LLP will serve for their first year in this role.
The Board of Directors had initially recommended the appointment of audit firms as joint statutory auditors for a three-year term starting FY 2026-27, based on the Audit Committee's recommendation, in line with RBI Guidelines. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
M/s. MSKA & Associates LLP replaces M/s. G. M. Kapadia & Co., Chartered Accountants, who are rotating out as per RBI guidelines after the conclusion of the ensuing AGM. Additionally, M/s. CNK & Associates LLP has been re-appointed as Joint Statutory Auditors for their third year, also for FY 2026-27.
M/s. MSKA & Associates LLP, established in 1978 and headquartered in Mumbai, is a prominent Chartered Accountancy firm with offices in 15 Indian cities. They offer services in Audit & Assurance, Taxation & Accounting Advisory and have significant experience auditing financial services clients, including large banks.
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