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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