The South Indian Bank Limited — Others, 20-08-2025: Change in Auditors

The South Indian Bank's shareholders have approved the appointment of M/s Borkar and Muzumdar, Chartered Accountants, as a Joint Statutory Auditor for a three-year term. This firm will work alongside existing auditor M/s M P Chitale & Co. This change follows the retirement of M/s K Venkatachalam Aiyer & Co. after their term concluded. This move ensures the bank maintains robust external financial oversight, a key element for investor confidence and transparent reporting. The appointment is subject to annual Reserve Bank of India approval, reinforcing sound governance.