Central Bank of India CEO, MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 31 Jul 2026, 7 fund houses so far (houses' deadline to file 15 Oct 2026)

• 1. To discuss, approve and adopt the Audited Standalone and the Consolidated Balance Sheet of the Bank as at 31st March 2026, Standalone and Consolidated Profit and Loss Account of the Bank for the Financial year ended 31st March 2026, together with the report of the Board of Directors and Auditors’ thereon.MoreLess

  ›Against Angel One Mutual Fund, DSP Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Non-Compliant Audit Committee. Absence of a compliant Audit Committee casts serious doubts over the integrity/ accuracy of the financial statements.
  • DSP Mutual Fund, Jio BlackRock Mutual FundWe have relied upon the auditors’ report which has placed an emphasis of matter, in the financial statements, in respect of possible tax benefits arising out of deferred tax assets and increase in arising from change in the method of depreciation. Based on the auditors’ report, which is unqualified, the financial statements are in accordance with generally accepted accounting policies. Typical of public sector banks, Central bank of India has four joint auditors. The audit committee must provide clarity on how it establishes accountability of these auditors and ensures that issues do not fall through the cracks, while allocating audit responsibilities. We raise concern that during FY 2026 and FY 2025, 86 and 1003 frauds amounting to Rs. 5.9 bn and Rs 1.2 bn respectively, were reported. Even though the number of frauds has reduced, the total amount involved therein has increased by 391.7%. The bank must articulate the steps it has taken to limit the risks of such frauds in the future. The high value of frauds indicates a serious internal governance lapse and weak control environment within the bank. Further, we raise concern that the company has not constituted an audit committee in line with regulations and does not have sufficient independent directors on the board. In the absence of critical oversight provided by the audit committee, we are unable to support the resolution.
  • Navi Mutual FundUnqualified Financial Statements. Governance concern: Non-Compliant Audit Committee. Absence of a compliant Audit Committee casts serious doubts over the integrity/ accuracy of the financial statements.

  3 for4 against
• 2. To confirm the payment of 04 (four) Interim Dividends aggregating to ₹1.20 (12%) per equity share having face value of ₹10 each of Bank for the financial year 2025-26 as declared and approved by Board of Directors of Bank.MoreLess

  ›Against Angel One Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance Concern is raised in adoption of financial statements of the Bank under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
  • Navi Mutual FundSufficient funds available for payment of dividend. Governance Concern is raised in adoption of financial statements of the Bank under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.

  5 for2 against
• 3. To approve the appointment of Shri Baldeo Purushartha as Government Nominee Director (Non-Executive) on the Board of the Bank.

  7 for0 against
• 4. To approve the extension of term of Shri M V Murali Krishna as an Executive Director on the Board of the Bank.

  ›Against Angel One Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with respect to requirement of requisite number of Independent Directors and woman director/ woman Independent Director.
  • Navi Mutual FundCompliant with law. No concern on the merits of proposed appointees. Governance concern: Board is non-compliant with respect to requirement of requisite number of IDs and woman director/ woman ID.

  5 for2 against
• 5. To approve the appointment of Shri Kalyan Kumar as Managing Director and Chief Executive Officer on the Board of the Bank.

  ›Against Angel One Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with respect to requirement of requisite number of Independent Directors and woman director/ woman Independent Director.
  • Navi Mutual FundCompliant with law. No concern on the merits of proposed appointees. Governance concern: Board is non-compliant with respect to requirement of requisite number of IDs and woman director/ woman ID.

  5 for2 against
• 6. To approve the appointment of Shri E. Ratan Kumar as an Executive Director on the Board of the Bank.

  ›Against Angel One Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with respect to requirement of requisite number of Independent Directors and woman director/ woman Independent Director.
  • Navi Mutual FundCompliant with law. No concern on the merits of proposed appointees. Governance concern: Board is non-compliant with respect to requirement of requisite number of IDs and woman director/ woman ID.

  5 for2 against
• 7. To approve the appointment of Shri Chandradeep Kumar Jha as Government Nominee Director (Non- Executive) on the Board of the Bank.

  ›Against Angel One Mutual Fund, DSP Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with respect to requirement of requisite number of Independent Directors and woman director/ woman Independent Director.
  • DSP Mutual Fund, Jio BlackRock Mutual FundChandradeep Kumar Jha, 50, is currently serving as Statistical Advisor, Department of Financial Services, Ministry of Finance, Government of India. He holds experience of working in the organisations under Ministry of Statistics and Programme Implementation (MoSPI), Ministry of Commerce & Industry (MoCI) and Ministry of Home Affairs (MHA), Government of India. The bank does not have sufficient Independent Directors on board. Considering prevailing board composition, we do not support the resolution.
  • Navi Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Board is non-compliant with respect to requirement of requisite number of IDs and woman director/ woman ID.

  3 for4 against
• 8. To consider raising of Equity Capital aggregate upto ₹7000 crore through various modes such as QIP/FPO/ Rights issue.

  7 for0 against

Mutual fund votes, meeting of 19 Jul 2025, 14 fund houses

• To discuss, approve and adopt the Audited Standalone and the Consolidated Balance Sheet of the Bank as at 31st March 2025, Standalone and Consolidated Profit and Loss Account of the Bank for the year ended 31st March 2025, the report of the Board of Directors on the working and activities of the Bank for the period covered by the accounts and the Auditors report on the Balance Sheet and Accounts.MoreLess

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundMaterial portion of financial statements of the Bank are unaudited.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundUnqualified Financial Statements. Governance concern: Material portion of financial statements of the Bank are unaudited.
  • Groww Mutual FundUnqualified Financial Statements. Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: The Bank has not disclosed financials of subsidiaries for FY 2024-25 on its website. Governance concern: Material portion of financial statements of the Bank are unaudited.
  • Nippon India Mutual FundGovernance concern: Material portion of financial statements of the Bank are unaudited.

  7 for7 against
• To approve and declare dividend on the Equity Share of Rs. 10 each of Bank for the financial year 2024-25.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundGovernance Concern is raised in adoption of financial statements of the Bank under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundSufficient funds available for payment of dividend. Governance Concern is raised in adoption of financial statements of the Bank under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
  • Nippon India Mutual FundGovernance Concern is raised in adoption of financial statements of the Company under resolution #1, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.

  7 for7 against
• To approve the appointment of Shri Manoranjan Dash as RBI Nominee Director on the Board of the Bank.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundGovernance concern: Board does not have requisite number of Independent Director and women director/ women Independent Director. Delayed shareholders’ approval.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundAppointment compliant with law. No concern on the merits of proposed appointee. Governance concern: Board does not have requisite number of ID and women director/ women ID. Delayed shareholders’ approval.
  • Nippon India Mutual FundGovernance concern: Board does not have requisite number of ID and women director/ women ID. Delayed shareholders’ approval.

  7 for7 against
• To approve the Re-appointment of Shri Pradip P Khimani as Part time Non Official Director on the Board of the Bank

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundAppointment without serving the cooling off period of three years; Term of appointment is ambiguous and against spirit of the law; Delayed shareholders’ approval.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundAppointment without serving the cooling off period of three years. Governance concern: Term of appointment is ambiguous and against spirit of the law. Delayed shareholders’ approval.
  • Groww Mutual FundAppointment not in accordance with law: Approval sought through ordinary resolution. Appointment without serving the cooling off period of three years. Governance concern: Term of appointment is ambiguous and against spirit of the law. Delayed shareholders’ approval.
  • Nippon India Mutual FundGovernance concern: Term of appointment is ambiguous and against spirit of the law. Delayed shareholders’ approval.

  7 for7 against
• To consider raising of Equity capital aggregate upto Rs.5000 crore through various modes such as QIP/FPO/Rights issue.

  14 for0 against
• To approve appointment of M/s Ragini Chokshi and co, practicing company secretaries, Mumbai as Secretarial Auditor of the Bank for a period of five years commencing from FY 2025-26 till FY 2029-2030

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundTransparency concern: The Bank has not disclosed the audit fee paid to outgoing auditors and any material change in the proposed audit fee and justification behind material change if any.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency concern: The Bank has not disclosed the audit fee paid to outgoing and any material change in the proposed audit fee and justification behind material change if any.
  • Nippon India Mutual FundTransparency concern: No adequate disclosure

  7 for7 against

• Fine or penaltyReserve Bank of IndiaSince 2 Apr 2026

  The Penalty Amount levied by RBI Rs. 4350

  Short/Mutilated/Fake note/any other deficiency while RBI remittance by Currency Chest
• Fine or penaltyReserve Bank of IndiaSince 6 Apr 2026

  The Penalty Amount levied by RBI Rs. 16600

  Short/Mutilated/Fake note/any other deficiency while RBI remittance by Currency Chest
• Fine or penaltyReserve Bank of IndiaSince 7 Apr 2026

  The Penalty Amount levied by RBI Rs.40000

  Penalty for ATM Cash out on 4 sites
• Fine or penaltyReserve Bank of IndiaSince 8 Apr 2026

  The Penalty Amount levied by RBI Rs.1450

  Short/Mutilated/Fake note/any other deficiency while RBI remittance by Currency Chest
• Fine or penaltyReserve Bank of IndiaSince 13 Apr 2026

  The Penalty Amount levied by RBI Rs.450

  Short/Mutilated/Fake note/any other deficiency while RBI remittance by Currency Chest
• Fine or penaltyReserve Bank of IndiaSince 17 Apr 2026

  The Penalty Amount levied by RBI Rs.3300

  Short/Mutilated/Fake note/any other deficiency while RBI remittance by Currency Chest
• Fine or penaltyReserve Bank of IndiaSince 21 Apr 2026

  The Penalty Amount levied by RBI Rs.810

  Short/Mutilated/Fake note/any other deficiency while RBI remittance by Currency Chest
• Fine or penaltyReserve Bank of IndiaSince 21 Apr 2026

  The Penalty Amount levied by RBI Rs.60000

  Penalty for ATM Cash out on 6 sites

In the company's own words, from its latest governance filing.

The board is made up as the listing rules require

No

The board has a regular chairperson

No

The company has a risk management committee

Yes

The chair is related to the managing director

No

The filing has a part on fines and penalties

Yes

The filing has a part on tax disputes

No

There was a cyber security incident in the quarter

No

The company's own answers in its filing.