Reserve Bank of India (Commercial Banks – Statutory Audit) Directions, 2026

Source: Reserve Bank of India

Category: Digital Lending

Published: Fri, 31 Jul 2026 16:00:00

RBI/DoS/2026-27/414 DoS.CO.ARG.8/08.91.001/2026-27 July 31, 2026 Reserve Bank of India (Commercial Banks – Statutory Audit) Directions, 2026 Table of Contents Chapter I - Preliminary A. Short Title and Commencement B. Applicability C. Definitions Chapter II - Governance and Oversight A. Role of the Board and Senior Management Chapter III - Guidelines for Appointment A. Number of Statutory Central Auditors / Statutory Auditors and Branch Coverage B. Eligibility Criteria of Auditors C. Independence of Auditors D. Professional Standards E. Tenure and Rotation F. Audit Fees and Expenses G. Appointment Procedure H. Appointment of Statutory Auditors for Overseas Branch(es) Chapter IV – Long Form Audit Report A. Procedure and Timelines B. Long Form Audit Report by the Statutory Central Auditors B.1 Objectives, Strategy, Scope, and Coverage B.2 Indicative Coverage C. Long Form Audit Report by the Statutory Branch Auditors Chapter V - Repeal and Other Provisions A. Repeal and Saving B. Application of Other Laws Not Barred C. Interpretations Annex I Annex II Annex III Annex IV Annex V In exercise of powers conferred by Section 30(1A) of the Banking Regulation Act, 1949, Section 1