Capital Small Finance Bank Appoints GSA & Associates LLP as Statutory Auditors
Capital Small Finance Bank Limited announced the appointment of M/s GSA & Associates LLP as statutory auditors for a three-year term from FY 2026-27 to FY 2028-29. The board approved this appointment on April 29, 2026, with RBI approval already secured and subject to shareholder approval at the upcoming 27th Annual General Meeting.

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Capital Small Finance Bank Limited has announced the appointment of M/s GSA & Associates LLP as its statutory auditors for the upcoming three-year term. The board of directors approved this significant appointment on April 29, 2026, marking an important step in the bank's corporate governance framework.
Board Approval and Regulatory Compliance
The bank's board of directors, in their meeting held on Wednesday, April 29, 2026, approved the appointment of M/s GSA & Associates LLP, Chartered Accountants (FRN - 000257N/N500339), as statutory auditors. The appointment is subject to shareholder approval at the ensuing 27th Annual General Meeting and covers the period from FY 2026-27 to FY 2028-29.
| Parameter: | Details |
|---|---|
| Audit Firm: | M/s GSA & Associates LLP |
| FRN: | 000257N/N500339 |
| Term: | FY 2026-27 to FY 2028-29 |
| Approval Date: | April 29, 2026 |
| RBI Approval: | Obtained |
The bank has already secured the necessary RBI approval for this appointment, ensuring compliance with regulatory requirements for banking sector auditor appointments. The appointment has been communicated to both BSE Limited and National Stock Exchange of India Limited under the bank's scrip codes 544120, 951995 & 953739 and symbol CAPITALSFB.
About GSA & Associates LLP
GSA & Associates LLP is a leading audit and consultancy firm with a mission of providing world-class financial solutions. The firm brings significant credentials and experience to its new role with Capital Small Finance Bank.
Key Credentials and Experience
The audit firm is empanelled with several prestigious institutions:
- Comptroller and Auditor General (C&AG)
- Reserve Bank of India (RBI)
- Indian Banks' Association (IBA)
The senior-most partner of the firm, Dr CA Amarjit Chopra, brings exceptional experience as an Ex-President of the Institute of Chartered Accountants of India (ICAI). He has served on the boards of two public sector banks and currently holds positions on the board of SBI Mutual Funds Trustees, in addition to various other companies.
Sector Expertise
GSA & Associates LLP has extensive exposure across multiple industry sectors:
| Sector Categories: | Coverage Areas |
|---|---|
| Financial Services: | Banking sector, Insurance sector |
| Infrastructure: | Energy and Power, Infrastructure, Oil & Gas |
| Technology: | IT & Communication, Media & Service sectors |
| Manufacturing: | Automobiles & Auto, FMCG, Textile |
| Other Sectors: | Real Estate, Agricultural, Mining, Aviation, Hospitality |
Regulatory Disclosure
The appointment has been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. The bank has provided comprehensive details regarding the appointment through its Company Secretary & Compliance Officer, Amit Sharma (Membership No.: F10888).
The appointment represents a strategic decision by Capital Small Finance Bank to engage experienced statutory auditors with proven expertise in the banking and financial services sector, supporting the bank's commitment to robust financial reporting and regulatory compliance.
Historical Stock Returns for Capital Small Finance Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.93% | +7.78% | +26.84% | -2.54% | -4.59% | -35.73% |
What factors led Capital Small Finance Bank to change statutory auditors, and how might this impact investor confidence?
Will GSA & Associates LLP's appointment signal any changes in the bank's audit approach or financial reporting standards?
How could the new auditor's extensive banking sector experience influence Capital Small Finance Bank's compliance and risk management practices?


































