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Appointment of branch statutory auditors of Public Sector Banks - Chartered Accountants from North Eastern Region.
RBI has decided to relax the eligibility norm in respect of professional standing of individual auditors/proprietary audit firms from the North-Eastern Region (viz. the states of Assam, Meghalaya, Arunachal Pradesh, Manipur, Mizoram, Nagaland, Sikkim and Tripura) by reducing the period from 3 years to 1 year from the year 2008-09 and onwards.

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