Pursuant to the provisions of Section 30(1A) of the Banking Regulation Act, 1949 and Guidelines for Appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs) dated April 27, 2021 issued by the Reserve Bank of India (‘RBI Guidelines’), the Board of Directors recommended appointment / reappointment of two audit firms as joint statutory auditors for the financial year ending March 31, 2024 for the approval of the Reserve Bank of India (‘RBI’). In this regard, Yes Bank has informed that RBI vide its letter dated June 06, 2023 has approved the re-appointment of Chokshi & Chokshi LLP, Chartered Accountants (CA) (Firm Registration No. 101872W/W100045) for their third year and approved the appointment of G. M. Kapadia & Co., Chartered Accountants (Form Registration No. 104767W) for their first year, as the Joint Statutory Auditors of the Bank for the financial year 2023-24. For the appointment of G. M. Kapadia & Co., Chartered Accountants, the Bank will separately seek relevant Shareholders approval, at the forthcoming Annual General Meeting of the Bank. Brief Profile of Chokshi & Chokshi LLP, Chartered Accountants and G. M. Kapadia & Co., Chartered Accountants is enclosed.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
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ICICI Bank | 1149.90 |
Axis Bank | 1166.15 |
Indusind Bank | 1515.60 |
Kotak Mahindra Bank | 1623.75 |
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