DCB Bank has received approval from the Reserve Bank of India for changes to its Joint Statutory Audit team for the fiscal year 2026-27. The bank will retain M/s Varma & Varma for a third consecutive term, while M/s Deloitte Haskins & Sells will join as a new Joint Statutory Auditor, succeeding M/s B S R & Co. LLP. These appointments are pending final approval from shareholders at the upcoming Annual General Meeting.
Changes to Statutory Audit Leadership
DCB Bank has confirmed updates to its audit oversight structure for the upcoming fiscal year. Following regulatory approval received on May 7, 2026, the bank is moving forward with a revised panel of Joint Statutory Auditors. This transition ensures continuity and fresh oversight in the bank’s financial reporting and compliance functions.
Auditor Profiles and Continuity
M/s Varma & Varma, a long-standing firm established in 1935, has been reappointed for their third year. The firm brings extensive expertise with over 50 years of audit experience within the BFSI sector and a robust national network of nine offices.
Simultaneously, M/s Deloitte Haskins & Sells has been appointed for their first year as a Joint Statutory Auditor. The firm, formed in 1997, possesses a deep background in auditing private and foreign banks in India and operates with a significant professional team of over 3,400 staff members and 103 partners.
Next Steps
The transition follows the conclusion of the term for the outgoing firm, M/s B S R & Co. LLP, at the end of the bank’s next Annual General Meeting (AGM). The formalization of these appointments for FY 2026-27 remains subject to the final approval of the bank’s members during the forthcoming AGM proceedings.
Source: BSE
