Appointment of Statutory Central Auditors of Associate Banks of SBI - Payment of fees for certifying data for the preparation of CFS of SBI Group - आरबीआई - Reserve Bank of India
Appointment of Statutory Central Auditors of Associate Banks of SBI - Payment of fees for certifying data for the preparation of CFS of SBI Group
RBI/2004/163
Ref.DBS.ARS.No.BC. 10 / 08.92.001/ 2003-04
April 20, 2004
CONFIDENTIAL
The Managing Director, Associate Banks of SBI
Dear Sir,
Appointment of Statutory Central Auditors of Associate Banks of SBI - Payment of fees for certifying data for the preparation of CFS of SBI Group
Please refer to our circular DBS.ARS.No.BC.7/08.92.001/2003-04 dated March 17, 2004 advising the revised schedule of audit fees and other related remuneration payable to the statutory central / branch auditors of public sector banks from the year 2003-04.
2. We advise that, in addition to what has been prescribed therein, the statutory central auditors of the 7 associate banks of State Bank of India may be paid an amount of Rs.50,000/- collectively for certification of data for compilation of Consolidated Financial Statements (CFS) of the SBI Group.
3. Please acknowledge receipt.
Yours faithfully,
(R M Thakkar)
General Manager
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