Equitas Small Finance Bank Receives RBI Approval for Joint Statutory Auditors for FY 2026-2027
Equitas Small Finance Bank has disclosed the RBI's approval, dated May 13, 2026, for its Joint Statutory Auditors for FY 2026-2027. M/s Suri & Co., Chartered Accountants (FRN: 004283S), has been re-appointed for their third year, while M/s Sundaram & Srinivasan, Chartered Accountants (FRN: 004207S), has been appointed for their first year, subject to shareholder approval. The filing was made under Regulation 30 of the SEBI (LODR) Regulations, 2015, and in terms of Section 30 (1A) of the Banking Regulation Act, 1949.

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Equitas Small Finance Bank has informed stock exchanges of the Reserve Bank of India's approval for the appointment and re-appointment of its Joint Statutory Auditors for the financial year 2026-2027. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was filed on May 14, 2026.
RBI Approval for Statutory Auditors
The Reserve Bank of India, vide its letter dated May 13, 2026, accorded approval for the Joint Statutory Auditors of the bank for FY 2026-2027, in terms of Section 30 (1A) of the Banking Regulation Act, 1949. The approval was granted following the Board of Directors' resolution and in accordance with applicable regulatory requirements.
The details of the auditor appointments are as follows:
| Parameter: | Details |
|---|---|
| Re-appointed Auditor: | M/s Suri & Co., Chartered Accountants (FRN: 004283S) |
| Tenure (Re-appointment): | Third year |
| Newly Appointed Auditor: | M/s Sundaram & Srinivasan, Chartered Accountants (FRN: 004207S) |
| Tenure (New Appointment): | First year |
| RBI Approval Date: | May 13, 2026 |
| Regulatory Framework: | Section 30 (1A) of the Banking Regulation Act, 1949 |
Key Conditions and Compliance
While the re-appointment of M/s Suri & Co. has been confirmed, the appointment of M/s Sundaram & Srinivasan is subject to the approval of the shareholders of the bank. The intimation was signed by N. Ramanathan, Company Secretary of Equitas Small Finance Bank, and submitted to both the National Stock Exchange of India Limited and BSE Limited on May 14, 2026.
The disclosure underscores the bank's adherence to regulatory obligations under SEBI's listing requirements and the Banking Regulation Act, ensuring transparency in its governance and audit processes.
Historical Stock Returns for Equitas Small Finance Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.53% | -7.26% | +8.25% | +13.17% | +6.20% | +21.79% |
How might the transition to M/s Sundaram & Srinivasan as a new joint statutory auditor impact the quality and scope of Equitas Small Finance Bank's financial disclosures for FY 2026-2027?
What are the potential risks to Equitas Small Finance Bank's audit continuity if shareholders reject the appointment of M/s Sundaram & Srinivasan at the upcoming general meeting?
As M/s Suri & Co. enters its third and potentially final year of tenure under RBI's rotation norms, what challenges could Equitas Small Finance Bank face in identifying and onboarding a replacement auditor for FY 2027-2028?


































