Federal Bank has announced the appointment of Price Waterhouse LLP and K S Aiyar & Co as its new Joint Statutory Auditors for the financial year 2026-27. This transition follows the completion of the term for the bank’s previous auditors. The appointments received necessary regulatory approval on May 15, 2026, and remain subject to final confirmation by shareholders at the bank’s upcoming Annual General Meeting.
Leadership Transition in Auditing
Federal Bank is set to refresh its auditing team for the upcoming fiscal cycle. The bank has successfully received official approval to appoint Price Waterhouse LLP and K S Aiyar & Co to serve as the Joint Statutory Auditors for FY 2026-27. This change marks the conclusion of the tenure for the outgoing firms, Suri & Co and M S K A & Associates, who will step down following the bank’s next Annual General Meeting.
Next Steps and Formal Approval
The transition process was formally acknowledged by the bank’s board on May 15, 2026. While the regulatory green light has been secured, the finalization of these appointments depends on a formal vote by shareholders during the ensuing Annual General Meeting. Once approved by the shareholders, the bank will provide further detailed disclosures regarding these professional appointments as required by standard corporate governance practices.
Source: BSE
