The auditing process is an essential aspect of ensuring transparency and maintaining trust in the financial sector. Statutory Central Auditors and Statutory Auditors play a crucial role in the financial system by examining the financial statements of banks and ensuring their compliance with regulatory requirements. They provide assurance to shareholders, regulators, and the public at large that the banks’ financial statements are accurate and reliable.
Here we are sharing the list of audit firms that have been approved by the RBI for appointment as Statutory Central Auditors (SCAs) and Statutory Auditors (SAs) for various types of banks in India, including Private Sector Banks, Foreign Banks, Small Finance Banks, Payments Banks, and Local Area Banks for the financial year 2022-23. These audit firms are appointed based on their expertise, experience, and reputation in the field.
RBI Approved List of Audit Firms for Private Sector Banks (FY 2022-23): Updated 20/03/2023
Audit Firms Approved by RBI for Private Sector Banks, Foreign Banks, Small Finance Banks, Payments Banks, and Local Area Banks (FY 2022-23)
| Sl. No. | Bank Name | Audit Firm | Year of Term |
| 1. | Axis Bank Ltd | M/s M P Chitale & Co., CAs (FRN 101851W) | 2nd |
| M/s C N K & Associates LLP, CAs (FRN 101961W/W100036) | 2nd | ||
| 2. | Bandhan Bank Ltd | M/s M M Nissim & Co. LLP, CAs (FRN 107122W/W100672) | 2nd |
| M/s Singhi & Co., CAs (FRN 302049E) | 1st | ||
| 3. | City Union Bank Ltd | M/s Jagannathan & Sarabeswaran, CAs (FRN 001204S) | 2nd |
| M/s K Gopal Rao & Co., CAs (FRN 000956S) | 2nd | ||
| 4. | CSB Bank Ltd | M/s B S R & Co. LLP, CAs (FRN 101248W/W100022) | 3rd |
| M/s Mukund M Chitale & Co., CAs (FRN 106655W) | 2nd | ||
| 5. | DCB Bank Ltd | M/s S R Batliboi & Associates LLP, CAs (FRN 101049W/E300004) | 3rd |
| M/s Sundaram & Srinivasan, CAs (FRN 004207S) | 2nd | ||
| 6. | Dhanlaxmi Bank Ltd | M/s Krishnamoorthy and Krishnamoorthy, CAs (FRN 001488S) | 2nd |
| 7. | Federal Bank Ltd | M/s Varma & Varma, CAs (FRN 004532S) | 3rd |
| M/s Borkar & Muzumdar, CAs (FRN 101569W) | 3rd | ||
| 8. | HDFC Bank Ltd | M/s M M Nissim & Co. LLP, CAs (FRN 107122W/W100672) | 2nd |
| M/s Price Waterhouse LLP, CAs (FRN 301112E/E300264) | 1st | ||
| 9. | ICICI Bank Ltd | M/s M S K A & Associates, CAs (FRN 105047W) | 2nd |
| M/s K K C & Associates LLP (Formerly Khimji Kunverji & Co. LLP), CAs (FRN 105146W/W100621) | 2nd | ||
| 10. | IDBI Bank Ltd | M/s G D Apte & Co., CAs (FRN 100515W) | 2nd |
| M/s Varma & Varma, CAs (FRN 004532S) | 2nd | ||
| 11. | IDFC FIRST Bank Ltd | M/s M S K A & Associates, CAs (FRN 105047W) | 2nd |
| M/s Kalyaniwalla & Mistry LLP, CAs (FRN 104607W/W100166) | 1st | ||
| 12. | IndusInd Bank Ltd | M/s M P Chitale & Co., CAs (FRN 101851W) | 2nd |
| M/s M S K A & Associates, CAs (FRN 105047W) | 1st | ||
| 13. | Jammu and Kashmir Bank Ltd | M/s O Aggarwal & Co., CAs (FRN 005755N) | 2nd |
| M/s Dharam Raj & Co., CAs (FRN 014461N) | 2nd | ||
| M/s Arora Vohra & Co., CAs (FRN 009487N) | 2nd | ||
| 14. | Karnataka Bank Ltd | M/s Sundaram & Srinivasan, CAs (FRN 004207S) | 2nd |
| M/s Kalyaniwalla & Mistry LLP, CAs (FRN 104607W/W100166) | 2nd | ||
| 15. | Karur Vysya Bank Ltd | M/s R G N Price & Co., CAs (FRN 002785S) | 2nd |
| M/s Sundaram & Srinivasan, CAs (FRN 004207S) | 2nd | ||
| 16. | Kotak Mahindra Bank Ltd. | M/s Price Waterhouse LLP, CAs (FRN 301112E/E300264) | 2nd |
| M/s K K C & Associates LLP (Formerly Khimji Kunverji & Co. LLP), CAs (FRN 105146W/W100621) | 1st | ||
| 17. | Nainital Bank Ltd | M/s Dharam Raj & Co., CAs (FRN 014461N) | 3rd |
| 18. | RBL Bank Ltd | M/s C N K & Associates LLP, CAs (FRN 101961W/ W100036) | 2nd |
| M/s. G.M. Kapadia & Co, CAs (FRN – 104767W) | 1st | ||
| 19. | South Indian Bank Ltd | M/s C N K & Associates LLP, CAs (FRN 101961W/ W100036) | 2nd |
| M/s K Venkatachalam Aiyer & Co., CAs, (FRN 004610S) | 1st | ||
| 20. | Tamilnad Mercantile Bank Ltd | M/s Suri & Co., CAs (FRN 004283S) | 2nd |
| M/s Abarna & Ananthan, CAs (FRN 000003S) | 2nd | ||
| 21. | Yes Bank Ltd | M/s M P Chitale & Co., CAs (FRN 101851W) | 3rd |
| M/s Chokshi & Chokshi LLP, CAs (FRN 101872W/ W100045) | 2nd | ||
| 22. | AU Small Finance Bank Ltd | M/s Deloitte Haskins & Sells, CAs (FRN 117365W) | 2nd |
| M/s G M Kapadia & Co., CAs (FRN 104767W) | 2nd | ||
| 23. | Capital Small Finance Bank Ltd | M/s T R Chadha & Co. LLP, CAs (FRN 006711N/ N500028) | 2nd |
| 24. | ESAF Small Finance Bank Ltd | M/s Deloitte Haskins & Sells, CAs (FRN 117365W) | 3rd |
| M/s. Abarna & Ananthan, CAs (FRN 000003S) | 1st | ||
| 25. | Equitas Small Finance Bank Ltd | M/s T R Chadha & Co. LLP, CAs (FRN 006711N/N500028) | 3rd |
| M/s Varma & Varma, CAs (FRN 004532S) | 2nd | ||
| 26. | Fincare Small Finance Bank Ltd | M/s S R Batliboi & Associates LLP, CAs (FRN 101049W/E300004) | 2nd |
| 27. | Jana Small Finance Bank Ltd | M/s Brahmayya & Co., CAs (FRN 000515S) | 2nd |
| M/s M M Nissim & Co. LLP, CAs (FRN 107122W/W100672) | 2nd | ||
| 28. | North East Small Finance Bank Ltd | M/s Baweja & Kaul, CAs (FRN 005834N) | 2nd |
| 29. | Shivalik Small Finance Bank Ltd | M/s S N Dhawan & Co. LLP, CAs (FRN 000050N/N500045) | 2nd |
| 30. | Suryoday Small Finance Bank Ltd | M/s Walker Chandiok & Co. LLP, CAs (FRN 001076N/N500013) | 2nd |
| 31. | Ujjivan Small Finance Bank Ltd | M/s Mukund M Chitale & Co., CAs (FRN 106655W) | 2nd |
| M/s B K Ramadhyani & Co., LLP, CAs (FRN 002878S/S200021) | 2nd | ||
| 32. | Unity Small Finance Bank Ltd | M/s V Sankar Aiyar & Co., CAs (FRN 109208W) | 2nd |
| 33. | Utkarsh Small Finance Bank Ltd | M/s Deloitte Haskins & Sells, CAs (FRN 117365W) | 1st |
| M/s Kirtane & Pandit LLP, CAs (FRN 105215W) | 1st | ||
| 34. | Airtel Payments Bank Ltd | M/s M P Chitale & Co., CAs (FRN 101851W) | 2nd |
| 35. | Fino Payments Bank Ltd | M/s A P Sanzgiri & Co., CAs (FRN 116293W) | 1st |
| 36. | India Post Payments Bank Ltd | M/s P K Chopra & Co., CAs (FRN 006747N) | 1st |
| 37. | Jio Payments Bank Ltd | M/s K S Aiyar & Co., CAs (FRN 100186W) | 2nd |
| 38. | NSDL Payments Bank Ltd | M/s V Sankar Aiyar & Co., CAs (FRN 109208W) | 2nd |
| 39. | Paytm Payments Bank Ltd | M/s J C Bhalla & Co., CAs (FRN 001111N) | 2nd |
| 40. | Coastal Local Area Bank Ltd. | M/s Ramamoorthy (N) & Co., CAs (FRN 002899S) | 3rd |
| 41. | Krishna Bhima Samruddhi Local Area Bank | M/s A S K & Co., CAs (FRN 013735S) | 2nd |
| 42. | Subhadra Local Area Bank Ltd | M/s Ajay Shobha & Co., CAs (FRN 317031E) | 2nd |
| 43. | AB Bank Ltd | M/s Jain Ashwini & Co., CAs (FRN 002914C) | 2nd |
| 44. | Abu Dhabi Commercial Bank PJSC | M/s Tibrewal Chand & Co., CAs (FRN 311047E) | 2nd |
| 45. | American Express Banking Corporation | M/s S C V & Co. LLP, CAs (FRN 000235N/N500089) | 2nd |
| 46. | Australia and New Zealand Banking Group Ltd | M/s M M Nissim & Co. LLP, CAs (FRN 107122W/W100672) | 2nd |
| 47. | Barclays Bank Plc | M/s A P Sanzgiri & Co., CAs (FRN 116293W) | 2nd |
| M/s Chokshi & Chokshi LLP, CAs (FRN 101872W/ W100045) | 1st | ||
| 48. | Bank of America N.A. | M/s Walker Chandiok & Co. LLP, CAs (FRN 001076N/N500013) | 2nd |
| M/s K K C & Associates LLP (Formerly Khimji Kunverji & Co. LLP), CAs (FRN 105146W/W100621) | 2nd | ||
| 49. | Bank of Bahrain & Kuwait BSC | M/s Raju & Prasad, CAs (FRN 003475S) | 1st |
| 50. | Bank of Ceylon | M/s Jagannathan & Sarabeswaran, CAs (FRN 001204S) | 2nd |
| 51. | Bank of China | M/s Shah Gupta & Co., CAs (FRN 109574W) | 2nd |
| 52. | The Bank of Nova Scotia | M/s Bilimoria Mehta & Co., CAs (FRN 101490W) | 1st |
| 53. | BNP Paribas | M/s Price Waterhouse LLP, CAs (FRN 301112E/E300264) | 2nd |
| M/s Borkar & Muzumdar, CAs (FRN 101569W) | 2nd | ||
| 54. | Citibank N.A. | M/s K K C & Associates LLP (Formerly Khimji Kunverji & Co. LLP), CAs (FRN 105146W/W100621) | 2nd |
| M/s C N K & Associates LLP, CAs (FRN 101961W/W100036) | 2nd | ||
| 55. | Cooperatieve Rabobank U.A. | M/s A P Sanzgiri & Co., CAs (FRN 116293W) | 1st |
| 56. | Credit Agricole Corporate & Investment Bank | M/s Nangia & Co. LLP, CAs (FRN 002391C/N500069) | 1st |
| 57. | Credit Suisse A.G. | M/s Singhi & Co., CAs (FRN 302049E) | 2nd |
| M/s R Devendra Kumar & Associates, CAs (FRN 114207W) | 2nd | ||
| 58. | CTBC Bank Co. Ltd | M/s S N Nanda & Co., CAs (FRN 000685N) | 1st |
| 59. | DBS Bank India Ltd | M/s Price Waterhouse LLP, CAs (FRN 301112E/ E300264) | 2nd |
| M/s. Mukund M Chitale & Co, CAs (FRN 106655W) | 2nd | ||
| 60. | Deutsche Bank | M/s S R Batliboi & Associates LLP, CAs (FRN 101049W/E300004) | 3rd |
| M/s Batliboi & Purohit, CAs (FRN 101048W) | 2nd | ||
| 61. | Doha Bank Q.P.S.C | M/s Chokshi & Chokshi LLP, CAs (FRN 101872W/W100045) | 2nd |
| 62. | Emirates NBD Bank PJSC | M/s A P Sanzgiri & Co., CAs (FRN 116293W) | 2nd |
| 63. | First Abu Dhabi Bank PJSC | M/s Bilimoria Mehta & Co., CAs (FRN 101490W) | 2nd |
| 64. | FirstRand Bank Ltd. | M/s Bilimoria Mehta & Co., CAs (FRN: 101490W) | 2nd |
| 65. | The Hongkong and Shanghai Banking Corporation Ltd. (HSBC) | M/s Kalyaniwalla & Mistry LLP, CAs (FRN 104607W/W100166) | 2nd |
| M/s K S Aiyar & Co., CAs (FRN 100186W) | 2nd | ||
| 66. | Industrial and Commercial Bank of China Ltd. | M/s Shah Gupta & Co., CAs (FRN 109574W) | 2nd |
| 67. | Industrial Bank of Korea | M/s Singhal Matta & Co., CAs (FRN 001288N) | 1st |
| 68. | J P Morgan Chase Bank N.A. | M/s Kalyaniwalla & Mistry LLP, CAs (FRN 104607W/W100166) | 2nd |
| M/s G M Kapadia & Co., CAs (FRN 104767W) | 2nd | ||
| 69. | JSC VTB Bank | M/s K K Soni & Co., CAs (FRN 000947N) | 3rd |
| 70. | KEB Hana Bank | M/s A John Moris & Co., CAs (FRN 007220S) | 2nd |
| 71. | KB Kookmin Bank | M/s Jain Chopra & Co., CAs (FRN 002198N) | 2nd |
| 72. | Krung Thai Bank Public Co. Ltd. | M/s Mahavir & Sanjay, CAs (FRN 116466W) | 2nd |
| 73. | Mashreq Bank P S C | M/s Tibrewal Chand & Co., CAs (FRN 311047E) | 2nd |
| 74. | Mizuho Bank Ltd. | M/s V Sankar Aiyar & Co., CAs (FRN: 109208W) | 2nd |
| M/s Chhajed & Doshi, CAs (FRN 101794W) | 1st | ||
| 75. | MUFG Bank Ltd | M/s Borkar & Muzumdar, CAs (FRN 101569W) | 3rd |
| M/s S K Mehta & Co., CAs (FRN 000478N) | 2nd | ||
| 76. | NatWest Markets Plc | M/s M S K A & Associates, CAs (FRN 105047W) | 5th* |
| 77. | PT Bank Maybank Indonesia TBK | M/s V C Shah & Co., CAs (FRN 109818W) | 2nd |
| 78. | Qatar National Bank (Q.P.S.C.) | M/s Chokshi & Chokshi LLP, CAs (FRN 101872W/W100045) | 2nd |
| 79. | SBERBANK | M/s T P Ostwal & Associates LLP, CAs (FRN: 124444W) | 1st |
| 80. | SBM Bank (India) Ltd. | M/s K S Aiyar & Co., CAs (FRN 100186W) | 2nd |
| 81. | Shinhan Bank Ltd | M/s S K Patodia & Associates, CAs (FRN 112723W) | 2nd |
| 82. | Societe Generale | M/s V C Shah & Co., CAs (FRN 109818W) | 2nd |
| 83. | Sonali Bank Ltd | M/s Kedia Singhania & Co., CAs (FRN 126519W) | 2nd |
| 84. | Standard Chartered Bank | M/s S R Batliboi & Co. LLP, CAs (FRN 301003E/E300005) | 3rd |
| M/s T R Chadha & Co. LLP, CAs (FRN 006711N/N500028) | 2nd | ||
| 85. | Sumitomo Mitsui Banking Corporation | M/s T R Chadha & Co. LLP, CAs (FRN 006711N/N500028) | 2nd |
| M/s Agarwal & Dhandhania, CAs (FRN 125756W) | 2nd | ||
| 86. | United Overseas Bank Ltd | M/s Bilimoria Mehta & Co., CAs (FRN 101490W) | 2nd |
| 87. | Woori Bank | M/s Yardi Prabhu & Associates LLP, CAs (FRN 111727W/W100101) | 2nd |
Related Posts:
ICAI’s Excel Utility for Bank Branch Audit (FY 2022-23)
MEF 2022-23: Final Bank/ Branch Auditors Panel
RBI List of Central Auditors (CSAs) for 12 PSU Banks: FY 2022-23
Where we will get ful list of CA firms eligible for Central Statutory Audit? Why that list is not published anywhere in ICAI/RBI website? How to ensure that the appointment of Central Statutory Auditors is transparent? There are few audit firms continued as Central Auditors for multiple banks..