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Indusind Bank informs about resignation of statutory auditor

15 Jul 2019 Evaluate

Indusind Bank has informed that S.R. Batliboi & Co. LLP, Chartered Accountants, (ICAI Firm Registration number: 301003E / E300005), have tendered their resignation as Statutory Auditors of the Bank with effect from July 10, 2019. Reason for resignation: The Reserve Bank of India vide their Press Release dated June 3, 2019, in terms of their Enforcement Action Framework had decided not to approve S. R. Batliboi & Co. LLP, Chartered Accountants, for carrying out Statutory Audit assignments in commercial banks starting from April 1, 2019. A copy of this intimation is also available on the Banks website at www.indusind.com.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
HDFC Bank 718.65
ICICI Bank 1356.00
Axis Bank 1236.45
Kotak Mahindra Bank 413.00
Indusind Bank 963.80
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