RBI Auditor Appointments | The slip between the cup and the lip

While the RBI’s new regulations on appointment of statutory auditors for the banks and the NBFCs are well intentioned, they will not address audit quality. The private sector banks and significant NBFCs on one side, and large audit firms on the other, will all be impacted by these regulations

from Moneycontrol Business News https://www.moneycontrol.com/news/business/rbi-auditor-appointments-|-the-slip-betweencupthe-lip_15173241.html