YES BANK has announced the appointment of MSKA & Associates LLP and the reappointment of CNK & Associates LLP as Joint Statutory Auditors for the financial year ending March 31, 2027. This decision, approved by the Reserve Bank of India, follows recommendations from the Board’s Audit Committee and is subject to shareholder approval at the upcoming Annual General Meeting. MSKA & Associates LLP will serve for their first year, while CNK & Associates LLP enters their third year.
Key Auditor Appointments Announced
YES BANK has officially announced the appointment of new joint statutory auditors, a move critical for financial transparency and compliance. The Reserve Bank of India (RBI) has approved the appointment of MSKA & Associates LLP, Chartered Accountants, as a Joint Statutory Auditor for the financial year ending March 31, 2027. This marks MSKA & Associates LLP’s first year in this role.
Reappointment and Rotation
Concurrently, CNK & Associates LLP, Chartered Accountants, has been reappointed as a Joint Statutory Auditor for their third year, also covering the financial year ending March 31, 2027. This dual appointment ensures continuity and robust auditing practices for the bank. The appointment of MSKA & Associates LLP replaces M/s. G. M. Kapadia & Co., Chartered Accountants, who are rotating out as per RBI guidelines.
Board and Regulatory Approval
The decision was made by the Board of Directors on April 18, 2026, based on the recommendation of the Audit Committee. The appointment of MSKA & Associates LLP is contingent upon the approval of YES BANK’s shareholders at the ensuing Annual General Meeting. This process aligns with the guidelines issued by the RBI for the appointment of statutory auditors for commercial banks.
About the Appointed Auditors
MSKA & Associates LLP, established in 1978, is a leading Chartered Accountancy firm with offices across 15 cities in India. They offer a range of services including Audit & Assurance, Taxation & Accounting Advisory, and have significant experience auditing financial services clients, including large banks. The firm holds the ICAI Firm Registration No. 105047W/W101187.
CNK & Associates LLP is also a recognized Chartered Accountant firm with Firm Registration No. 101961W/W100036.
Source: BSE
