Share price at the NSE close on 23 Oct 2026. Previous close ₹226.27.
- Next results date: the board meets on 28 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹21,997 Cr348th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 28 Jul 2026
- 15.7
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 28 Apr 2026
- 2.1
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.90%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 28 Jul 2026
- 14.0%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 3.57%
- Gross NPAGross NPA, non-performing loans. Gross non-performing loans as a percentage of all loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is below the net share. At the end of Jun 2026.
- 1.73%
- Net NPANet NPA, non-performing loans. Net non-performing loans as a percentage of loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is above the gross share. At the end of Jun 2026.
- 0.61%
- CET1Common equity tier 1 ratio. The bank's core capital, mostly shareholders' money, as a percentage of its loans and other assets weighted by risk, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the figure is outside what it can be. At the end of Jun 2026.
- 21.73%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026.
- 1.52%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 20,21,82560.8% delivered
City Union Bank board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonG Mahalingam
- Managing director and CEOR. Vijay Anandh
- Company Secretary and Compliance OfficerVenkataramanan S
9 directors7 independent2 executive
- G Mahalingam · ChairpersonIndependent · joined Jul 2022 · 50 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 2 as chair
- R. Vijay Anandh · Managing director and CEOExecutive · joined May 2026 · 1 listed board · 1 committee seat
- V RameshExecutive · joined Feb 2025 · 1 listed board
- R MohanIndependent · joined Apr 2026 · 5 months as independent · 1 listed board · 1 as independent
- Vaidyanathan KalyanasundaramIndependent · joined May 2019 · reappointed Apr 2024 · 88 months as independent · 1 listed board · 1 as independent
- T K RamkumarIndependent · joined Jun 2019 · reappointed Apr 2024 · 87 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Prof.V.KamakotiIndependent · joined May 2022 · 52 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- K. SubramanianIndependent · joined Feb 2026 · 7 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Lalitha RameswaranIndependent · joined Nov 2022 · 46 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
4 directors who left
- N Kamakodi, left 30 Apr 2026: Tenure Completion
- V N Shivashankar, left 6 Feb 2026: Tenure Completion
- T S Sridhar, left 6 Feb 2026: Tenure Completion
- NARAYANAN SUBRAMANIAM, left 19 Jun 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 24 Sep 20269 of 9 present7 independent · 40 days in between
- 14 Aug 20269 of 9 present7 independent · 16 days in between
- 28 Jul 20269 of 9 present7 independent · 34 days in between
- 23 Jun 20268 of 9 present6 independent · 28 days in between
3 earlier meetings
- 25 May 20269 of 9 present7 independent · 27 days in between
- 27 Apr 202610 of 10 present7 independent · 15 days in between
- 11 Apr 20269 of 9 present6 independent
Audit Committee
Chair Lalitha Rameswaran
K. Subramanian, T K Ramkumar
- 24 Sep 20263 of 3 present3 independent · 57 days in between
- 28 Jul 20263 of 3 present3 independent · 34 days in between
- 23 Jun 20263 of 3 present3 independent · 28 days in between
- 25 May 20263 of 3 present3 independent · 27 days in between
1 earlier meeting
- 27 Apr 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Vaidyanathan Kalyanasundaram
K. Subramanian, Prof.V.Kamakoti, R Mohan
- 24 Sep 20264 of 4 present4 independent · 57 days in between
- 28 Jul 20264 of 4 present4 independent · 34 days in between
- 23 Jun 20263 of 4 present3 independent · 28 days in between
- 25 May 20264 of 4 present4 independent · 27 days in between
2 earlier meetings
- 27 Apr 20263 of 3 present3 independent · 15 days in between
- 11 Apr 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Prof.V.Kamakoti
G Mahalingam, R. Vijay Anandh, Lalitha Rameswaran
- 28 Jul 20264 of 4 present3 independent · 107 days in between
- 11 Apr 20264 of 4 present3 independent
Risk Management Committee
Chair K. Subramanian
Prof.V.Kamakoti, G Mahalingam, R Mohan, V Ramesh, R. Vijay Anandh
- 23 Sep 20266 of 6 present4 independent · 92 days in between
- 22 Jun 20265 of 6 present3 independent · 27 days in between
- 25 May 20266 of 6 present4 independent
Corporate Social Responsibility Committee
Chair R Mohan
T K Ramkumar, R. Vijay Anandh, Prof.V.Kamakoti, V Ramesh, Lalitha Rameswaran
- 14 Aug 20266 of 6 present4 independent · 51 days in between
- 23 Jun 20265 of 6 present3 independent · 56 days in between
- 27 Apr 20264 of 5 present3 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditors
Named in the results for the quarter to Jun 2026.
- P B VIJAYARAGHAVAN AND COPeer-review certificate valid to Mar 2029
- M SRINIVASAN AND ASSOCIATESPeer-review certificate valid to Feb 2027
5 earlier auditors
- PB VIJAYARAGHAVAN AND CONamed in filings from Dec 2025 to Mar 2026
- M SRINIVASAN & ASSOCIATESNamed in the filing for the quarter to Dec 2025
- P B VIJAYA RAGHAVAN AND CONamed in the filing for the quarter to Sep 2025
- P B VIJAYARAGAHVAN AND CONamed in the filing for the quarter to Jun 2025
- SRINIVASAN AND ASSOCIATESNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
City Union Bank AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.City Union Bank dividend history
Annual general meeting, 14 Aug 2026
2,15,521 shareholders on the register on 7 Aug 2026; present: 0 promoters and 127 others; votes counted by V SHANKAR / M/S KUVS AND ASSOCIATES.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Bank for the Financial Year ended March 31, 2026 and the Reports of Directors and Auditors thereon.Ordinary99.93% for0.07% against
Against: institutions 0.08% · other public 0.00%
Turnout: all 56.29% · institutions 73.80% · other public 24.35%
- To declare Dividend of 200 percent i.e., Rs.2 per equity share on face value of Re 1 each fully paid up for the Financial Year 2025-26.Ordinary100.00% for0.00% against
Against: institutions 0.00% · other public 0.00%
Turnout: all 56.49% · institutions 74.11% · other public 24.35%
To consider the appointment of Messrs. P. B. Vijayaraghavan and Co., Chartered Accountants, Chennai (FRN 004721S) and Messrs. M. Srinivasan and Associates, Chartered Accountants, Chennai (FRN 004050S), as the Joint Statutory Central Auditors of the Bank for a third and final term for FY 2026-27.MoreLess
Ordinary100.00% for0.00% againstAgainst: institutions 0.00% · other public 0.02%
Turnout: all 56.49% · institutions 74.11% · other public 24.35%
To appoint, in consultation with the Joint Statutory Central Auditors of the Bank, the Branch Auditors who are qualified to act as Auditors, including Statutory Auditors pursuant to Section 139, 143(8) and other applicable provisions of the Companies Act, 2013 and the Rules made there under for the purpose of audit of the branches of the Bank for the financial year 2026-27 and to fix their remuneration and reimbursement of out of pocket expenses incurred in connection with the Audit, based on the recommendation of the Audit committee of the Board.MoreLess
Ordinary100.00% for0.00% againstAgainst: institutions 0.00% · other public 0.01%
Turnout: all 56.49% · institutions 74.11% · other public 24.35%
- To increase the authorised share capital of the Bank and consequent alteration of the Capital clause of Memorandum of Association and Articles of AssociationSpecial99.89% for0.11% against
Against: institutions 0.12% · other public 0.04%
Turnout: all 56.49% · institutions 74.11% · other public 24.35%
- To authorize the Board to offer, issue and allot shares by way of Qualified Institutional Placement.Special99.98% for0.02% against
Against: institutions 0.01% · other public 0.08%
Turnout: all 56.49% · institutions 74.11% · other public 24.35%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 29 May 2026, 2 resolutions
2,14,547 shareholders on the register on 24 Apr 2026; votes counted by V SANKAR / KUVS AND ASSOCIATES.The company's voting result (opens in a new tab)
- Appointment of Shri R Mohan (DIN 06902614), as an Independent Director on the Board of the BankSpecial92.76% for7.24% against
Against: institutions 8.58% · other public 0.03%
Turnout: all 50.19% · institutions 66.35% · other public 21.73%
- Issue of Bonus SharesOrdinary97.11% for2.89% against
Against: institutions 3.43% · other public 0.01%
Turnout: all 50.19% · institutions 66.35% · other public 21.73%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 3 Apr 2026, 4 resolutions
2,16,751 shareholders on the register on 20 Feb 2026; votes counted by V SANKAR / KUVS AND ASSOCIATES.The company's voting result (opens in a new tab)
- Appointment of Shri K Subramanian DIN 11519754 as an Independent Director on the Board of the BankSpecial99.69% for0.31% against
Against: promoters 0.00% · institutions 0.27% · other public 0.62%
Turnout: all 47.10% · promoters 0.00% · institutions 64.47% · other public 16.20%
- Appointment of Shri R Vijay Anandh DIN 09656376 Executive Director as the Managing Diretcor and CEO on the Board of the Bank along with remuneration w.e.f May 1 2026Ordinary99.83% for0.17% against
Against: promoters 0.00% · institutions 0.11% · other public 0.64%
Turnout: all 47.10% · promoters 0.00% · institutions 64.47% · other public 16.20%
- To consider the revision of Fixed remuneration for Dr N Kamakodi DIN 02039618 MD and CEO of the Bank w.e.f May 1 2025 as approved by RBIOrdinary99.84% for0.16% against
Against: promoters 0.00% · institutions 0.08% · other public 0.72%
Turnout: all 47.10% · promoters 0.00% · institutions 64.47% · other public 16.20%
- To consider the revison of Fixed remuneration for Shri R Vijay Anandh DIN 09656376 Executive Director of the Bank w.e.f June 24 2025 as approved by RBIOrdinary99.84% for0.16% against
Against: promoters 0.00% · institutions 0.07% · other public 0.77%
Turnout: all 47.10% · promoters 0.00% · institutions 64.47% · other public 16.20%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 13 Aug 2025, 7 resolutions
2,13,225 shareholders on the register on 6 Aug 2025; present: 0 promoters and 92 others; votes counted by V SANKAR / M/S KUVS ASSOCIATES.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Bank for the Financial Year ended March 31, 2025 and the Reports of Directors and Auditors thereon.Ordinary99.85% for0.15% against
Against: institutions 0.17% · other public 0.01%
Turnout: all 53.12% · institutions 73.56% · other public 18.55%
- To declare Dividend of 200 percent i.e. Rs. 2 per equity share on face value of Re. 1 each fully paid up for the Financial Year 2024-25.Ordinary100.00% for0.00% against
Against: institutions 0.00% · other public 0.00%
Turnout: all 53.15% · institutions 73.61% · other public 18.55%
To consider the Appointment of Messrs. P.B. Vijayaraghavan and Co., Chartered Accountants, Chennai (FRN 004721S) and Messrs. M. Srinivasan and Associates, Chartered Accountants, Chennai (FRN 004050S), as the Joint Statutory Central Auditors of the Bank for a second term for FY 2025-26.MoreLess
Ordinary96.30% for3.70% againstAgainst: institutions 4.25% · other public 0.02%
Turnout: all 53.15% · institutions 73.60% · other public 18.55%
To Appoint , in consultation with the Joint Statutory Central Auditors of the Bank, the Branch Auditors who are qualified to act as Auditors, for the purpose of audit of the branches of the Bank for the Financial Year 2025-26 and to decide the Branches to be audited by such Branch Auditors and to fix their remuneration and reimbursement of out of pocket expenses incurred in connection with the Audit, based on the recommendation of the Audit Committee of the Board.MoreLess
Ordinary100.00% for0.00% againstAgainst: institutions 0.00% · other public 0.02%
Turnout: all 53.15% · institutions 73.60% · other public 18.55%
To consider the Appointment of Messrs. KUVS and Associates, Practicing Company Secretaries, Tiruchirappalli, , as the Secretarial Auditors of the Bank to hold the office for a term of 5 years from FY 2025-26 to FY 2029-30 to conduct Secretarial Audit, Secretarial Compliance Audit and such other assignments under the provisions of the Companies Act 2013, SEBI Listing Regulations and any other relevant law at such remuneration as may be decided by the Board or any Committee of the Board thereof and agreed to by the Secretarial Auditor.MoreLess
Ordinary95.68% for4.32% againstAgainst: institutions 4.97% · other public 0.02%
Turnout: all 53.15% · institutions 73.60% · other public 18.55%
- Revision of fixed remuneration for Dr. N. Kamakodi (DIN 02039618), MD and CEO of the Bank w.e.f. May 1, 2024, as approved by RBI.Ordinary99.95% for0.05% against
Against: institutions 0.05% · other public 0.06%
Turnout: all 52.82% · institutions 73.60% · other public 17.66%
- To authorize the Board to offer, issue and allot shares by way of Qualified Institutional Placement.Special99.92% for0.08% against
Against: institutions 0.08% · other public 0.06%
Turnout: all 53.15% · institutions 73.60% · other public 18.55%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 3 May 2025, 1 resolution
2,29,346 shareholders on the register on 21 Mar 2025; votes counted by V SANKAR / KUVS AND ASSOCIATES.The company's voting result (opens in a new tab)
Appointment of Shri Ramesh Venkataraman (DIN: 10954322) Additional Director as a Whole Time Director designated as Executive Director of the bank for a period of three years w.e.f 21-02-2025 on the terms and conditions relating to the said appointment including remuneration as approved by RBI.MoreLess
Ordinary98.14% for1.86% againstAgainst: promoters 0.00% · institutions 2.06% · other public 0.33%
Turnout: all 50.31% · promoters 0.00% · institutions 72.90% · other public 14.75%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 22 Aug 2024, 8 resolutions
Present: 0 promoters and 87 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Bank for the Financial Year ended 31stMarch, 2024 and the Reports of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 55.88% · promoters 0.00% · institutions 76.90% · other public 24.88%
To declare Dividend of 150% i.e. Rs.1.50/- per equity share on face value of Re.1/- each fully paid up (including Re. 0.50 paise per equity share as Special Dividend in commemoration of 120th year of operations of the Bank) for the Financial Year 2023-24.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 55.91% · promoters 0.00% · institutions 76.96% · other public 24.88%
Appointment of M/s P.B. Vijayaraghavan and Co., Chartered Accountants, Chennai (FRN 004721S) and M/s M. Srinivasan & Associates, Chartered Accountants, Chennai (FRN 004050S), as the Joint Statutory Central Auditors of the Bank for a first term for FY 2024-25.MoreLess
Ordinary99.46% for0.54% againstAgainst: promoters 0.00% · institutions 0.66% · other public 0.02%
Turnout: all 55.91% · promoters 0.00% · institutions 76.96% · other public 24.88%
To appoint, in consultation with the Joint Statutory Central Auditors of the Bank, the Branch Auditors who are qualified to act as Auditors, including Statutory Auditors pursuant to Section 139, 143(8) and other applicable provisions of the Companies Act, 2013 and the Rules made there under for the purpose of audit of the branches of the Bank for the financial year 2024-25MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 55.91% · promoters 0.00% · institutions 76.96% · other public 24.88%
- Appointment of Shri Gurumoorthy Mahalingam (DIN 09660723) as the Part-time Non-Executive Chairman of the BankOrdinaryPromoters have an interest in it96.10% for3.90% against
Against: promoters 0.00% · institutions 4.75% · other public 0.04%
Turnout: all 55.91% · promoters 0.00% · institutions 76.96% · other public 24.88%
- Revision of fixed remuneration for Dr. N. Kamakodi (DIN 02039618), MD and CEO of the Bank w.e.f. May 1, 2022 to April 30, 2023 and w.e.f. May 1, 2023 to April 30, 2024, as approved by RBIOrdinary99.94% for0.06% against
Against: promoters 0.00% · institutions 0.06% · other public 0.06%
Turnout: all 55.91% · promoters 0.00% · institutions 76.96% · other public 24.88%
Appointment of Shri R. Vijay Anandh (DIN 09656376), as Additional Director, as a Whole-time Director designated as Executive Director of the Bank, for a period of three (3) years, w.e.f. June 24, 2024, on the terms and conditions relating to the said appointment, including remuneration,as approved by the RBI.MoreLess
Ordinary99.42% for0.58% againstAgainst: promoters 0.00% · institutions 0.70% · other public 0.03%
Turnout: all 55.91% · promoters 0.00% · institutions 76.96% · other public 24.88%
- To authorize the Board to offer, issue and allot shares by way of Qualified Institutional Placement.Special99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 55.91% · promoters 0.00% · institutions 76.96% · other public 24.88%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 30 Apr 2024, 2 resolutions
The company's voting result (opens in a new tab)
- Re- Appointment of Shri K. Vaidyanathan (DIN:07120706) Independent Director for the Second Term w.e.f May 03, 2024 till March 27, 2027Special96.89% for3.11% against
Against: promoters 0.00% · institutions 3.84% · other public 0.21%
Turnout: all 56.93% · promoters 0.00% · institutions 80.82% · other public 26.22%
- Re-appointment of Shri T.K. Ramkumar (DIN:02688194) Independent Director for the Second Term w.e.f June 17, 2024 for three years till June 16, 2027Special80.69% for19.31% against
Against: promoters 0.00% · institutions 24.11% · other public 0.25%
Turnout: all 56.93% · promoters 0.00% · institutions 80.82% · other public 26.22%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 23 Aug 2023, 8 resolutions
Present: 0 promoters and 83 others.The company's voting result (opens in a new tab)
- ADOPTION OF AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2023Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 57.51% · promoters 0.00% · institutions 82.75% · other public 21.82%
- TO DECLARE DIVIDEND @ 100% FOR FY 2022-23Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 57.57% · promoters 0.00% · institutions 82.86% · other public 21.82%
- Re-Appointment of M/s Jagannathan & Sarabeswaran, Chartered Accountants , Chennai and M/s Gopal Rao & Co, Chartered Accountants, Chennai as Joint Statutory Central Auditors for FY 2023-24Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 57.57% · promoters 0.00% · institutions 82.86% · other public 21.82%
- APPROVAL FOR APPOINTMENT OF BRANCH AUDITORS AND TO FIX THEIR REMUNERATION FOR FY 2023-24Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 57.57% · promoters 0.00% · institutions 82.86% · other public 21.82%
- RE-APPOINTMENT OF V.N.SHIVASHANKAR (DIN00929256) AS AN INDEPENDENT DIRECTOR ON THE BOARD FOR A SECOND TERM FOR THE REMAINING TERM UPTO 06-02-2026Special99.74% for0.26% against
Against: promoters 0.00% · institutions 0.29% · other public 0.08%
Turnout: all 57.57% · promoters 0.00% · institutions 82.86% · other public 21.80%
- RE-APPOINTMENT OF DR.T.S. SRIDHAR (DIN01681108) AS AN INDEPENDENT DIRECTOR ON THE BOARD FOR A SECOND TERM FOR THE REMAINING TERM UPTO 06-02-2026SpecialPromoters have an interest in it99.74% for0.26% against
Against: promoters 0.00% · institutions 0.29% · other public 0.08%
Turnout: all 57.57% · promoters 0.00% · institutions 82.86% · other public 21.82%
- AMENDMENT OF ARTICLES OF ASSOCIATION OF THE BANKSpecial93.93% for6.07% against
Against: promoters 0.00% · institutions 7.20% · other public 0.04%
Turnout: all 57.57% · promoters 0.00% · institutions 82.86% · other public 21.82%
- TO AUTHORIZE THE BOARD TO OFFER, ISSUE AND ALLOT SHARES BY WAY OF QIPSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 57.57% · promoters 0.00% · institutions 82.86% · other public 21.82%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 14 Aug 2026, 15 fund houses so far (houses' deadline to file 15 Oct 2026)
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To receive, consider and adopt the Audited Financial Statements of the Bank for the Financial Year ended March 31, 2026 and the Reports of Directors and Auditors thereon.15 for0 against
- To declare Dividend of 200 percent i.e., Rs.2 per equity share on face value of Re 1 each fully paid up for the Financial Year 2025-26.15 for0 against
To consider the appointment of Messrs. P. B. Vijayaraghavan and Co., Chartered Accountants, Chennai (FRN 004721S) and Messrs. M. Srinivasan and Associates, Chartered Accountants, Chennai (FRN 004050S), as the Joint Statutory Central Auditors of the Bank for a third and final term for FY 2026-27.MoreLess
15 for0 againstTo appoint, in consultation with the Joint Statutory Central Auditors of the Bank, the Branch Auditors who are qualified to act as Auditors, including Statutory Auditors pursuant to Section 139, 143(8) and other applicable provisions of the Companies Act, 2013 and the Rules made there under for the purpose of audit of the branches of the Bank for the financial year 2026-27 and to fix their remuneration and reimbursement of out of pocket expenses incurred in connection with the Audit, based on the recommendation of the Audit committee of the Board.MoreLess
14 for0 against- To increase the authorised share capital of the Bank and consequent alteration of the Capital clause of Memorandum of Association and Articles of Association15 for0 against
- To authorize the Board to offer, issue and allot shares by way of Qualified Institutional Placement.10 for0 against
4 proposals not matched to one resolution
- 6) Approve issuance of securities through QIP for an amount not exceeding Rs. 5.0 bn1 for0 against
- Approve Branch Auditors and Authorize Board to Fix Their Remuneration1 for0 against
- Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights1 for0 against
- Approve issuance of securities through QIP for an amount not exceeding Rs. 5.0 bn3 for0 against
Mutual fund votes, meeting of 29 May 2026, 34 fund houses
- Appointment of Shri R Mohan (DIN 06902614), as an Independent Director on the Board of the Bank
Against Angel One Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundGovernance concern: Ex- employee of the Bank. Appointment of an employee who mainly held Executive/Managerial position with the Bank as an independent director is not indicative of a good governance practice.
- Baroda BNP Paribas Mutual FundThe proposed appointment is in compliance with law. However, since the proposed appointee was previously an employee of the bank having a long term association with the bank, it undermines the independence of the appointee proposed because of the long term association.
- Edelweiss Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Ex- employee of the Bank. The appointment of an employee who mainly held Executive/Managerial position with the Bank as an Independent Director is not indicative of a good governance practice.
- Groww Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Ex- employee of the Bank. SES is of the view that the appointment of an employee who mainly held Executive/Managerial position with the Bank as an Independent Director is not indicative of a good governance practice.
- LIC Mutual FundGovernance concern: Ex- employee of the Bank. SES is of the view that the appointment of an employee who mainly held Executive/Managerial position with the Bank as an Independent Director is not indicative of a good governance practice.
- Motilal Oswal Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Ex- employee of the Bank. We are of the view that the appointment of an employee who mainly held Executive/Managerial position with the Bank as an Independent Director is not indicative of a good governance practice.
24 for9 against1 abstained
- Issue of Bonus Shares33 for0 against
1 abstained
6 earlier meetings
Mutual fund votes, meeting of 3 Apr 2026, 32 fund houses
- Appointment of Shri K Subramanian DIN 11519754 as an Independent Director on the Board of the Bank31 for0 against
1 abstained
- Appointment of Shri R Vijay Anandh DIN 09656376 Executive Director as the Managing Diretcor and CEO on the Board of the Bank along with remuneration w.e.f May 1 202631 for0 against
1 abstained
- To consider the revision of Fixed remuneration for Dr N Kamakodi DIN 02039618 MD and CEO of the Bank w.e.f May 1 2025 as approved by RBI31 for0 against
1 abstained
- To consider the revison of Fixed remuneration for Shri R Vijay Anandh DIN 09656376 Executive Director of the Bank w.e.f June 24 2025 as approved by RBI31 for0 against
1 abstained
Mutual fund votes, meeting of 13 Aug 2025, 27 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To receive, consider and adopt the Audited Financial Statements of the Bank for the Financial Year ended March 31, 2025 and the Reports of Directors and Auditors thereon.27 for0 against
- To declare Dividend of 200 percent i.e. Rs. 2 per equity share on face value of Re. 1 each fully paid up for the Financial Year 2024-25.27 for0 against
To consider the Appointment of Messrs. P.B. Vijayaraghavan and Co., Chartered Accountants, Chennai (FRN 004721S) and Messrs. M. Srinivasan and Associates, Chartered Accountants, Chennai (FRN 004050S), as the Joint Statutory Central Auditors of the Bank for a second term for FY 2025-26.MoreLess
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual FundApproval proposed for only 1 year as approved by RBI although RBI itself has mandated appointment for continuous 3 years.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on merit, competence, eligibility of proposed Auditors. Non-Compliance: Approval proposed for only 1 year as approved by RBI although RBI itself has mandated appointment for continuous 3 years. .
- Nippon India Mutual FundNon-Compliance: Approval proposed for only 1 year as approved by RBI although RBI itself has mandated appointment for continuous 3 years. .
21 for6 againstTo Appoint , in consultation with the Joint Statutory Central Auditors of the Bank, the Branch Auditors who are qualified to act as Auditors, for the purpose of audit of the branches of the Bank for the Financial Year 2025-26 and to decide the Branches to be audited by such Branch Auditors and to fix their remuneration and reimbursement of out of pocket expenses incurred in connection with the Audit, based on the recommendation of the Audit Committee of the Board.MoreLess
26 for0 againstTo consider the Appointment of Messrs. KUVS and Associates, Practicing Company Secretaries, Tiruchirappalli, , as the Secretarial Auditors of the Bank to hold the office for a term of 5 years from FY 2025-26 to FY 2029-30 to conduct Secretarial Audit, Secretarial Compliance Audit and such other assignments under the provisions of the Companies Act 2013, SEBI Listing Regulations and any other relevant law at such remuneration as may be decided by the Board or any Committee of the Board thereof and agreed to by the Secretarial Auditor.MoreLess
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, quant Mutual Fund, Quantum Mutual Fund
- Angel One Mutual FundGovernance Concern: Failure to highlight previous non-compliance by the Bank in the Secretarial Audit Report or Compliance Report for FY 2024-25.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Failure to highlight previous non-compliance by the Bank in the Secretarial Audit Report or Compliance Report for FY 2024-25.
- quant Mutual FundRelated to the appointment of secretarial auditors. Compliant with the law. Governance concern: Failure to highlight previous non-compliance by the bank in the Secretarial Audit Report or Compliance Report for FY25.
- Quantum Mutual FundWe take note that the bank’s board is non-compliant with the requirement of retire by rotation of non-independent directors. The bank has stated in its Annual Report that “Further, as per the provisions of Section 152(6) of Companies Act, 2013 read with Article 26(b) of the Articles of Association of the Bank, none of the Executive/ Whole-time Directors are subject to retirement by rotation. Therefore, no Director including MD & CEO and 2 Executive Directors are required to retire by rotation at the ensuing Annual General Meeting.” The non-compliance with the law has not been highlighted by the current secretarial auditors viz M/s. KUVS & Associates. In view of the same, we do not favour the appointment of secretarial auditors.
20 for7 against- Revision of fixed remuneration for Dr. N. Kamakodi (DIN 02039618), MD and CEO of the Bank w.e.f. May 1, 2024, as approved by RBI.27 for0 against
- To authorize the Board to offer, issue and allot shares by way of Qualified Institutional Placement.21 for0 against
4 proposals not matched to one resolution
- 7) Approve issuance of securities through QIP for an amount not exceeding Rs. 5.0 bn.1 for0 against
- Approve Branch Auditors and Authorize Board to Fix Their Remuneration1 for0 against
- Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights1 for0 against
- Approve issuance of securities through QIP for an amount not exceeding Rs. 5.0 bn4 for0 against
Mutual fund votes, meeting of 3 May 2025, 24 fund houses
Appointment of Shri Ramesh Venkataraman (DIN: 10954322) Additional Director as a Whole Time Director designated as Executive Director of the bank for a period of three years w.e.f 21-02-2025 on the terms and conditions relating to the said appointment including remuneration as approved by RBI.MoreLess
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundBoard is non-compliant with Section 152 of Companies Act: None of the Non Independent Directors (Executive Directors) are liable to retire by rotation as required u/s 152 of the Companies Act.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo issue on merit & eligibility of the proposed appointee. Board is non-compliant with Section 152 of Companies Act: None of the NIDs (EDs) are liable to retire by rotation as required u/s 152 of the Companies Act.
- LIC Mutual FundGiven that none of the directors are currently subject to retirement by rotation, there is a concern that the proposed appointment on a non-retiring basis may further raise governance concern.
18 for6 against
Mutual fund votes, meeting of 22 Aug 2024, 23 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To receive, consider and adopt the Audited Financial Statements of the Bank for the Financial Year ended 31stMarch, 2024 and the Reports of Directors and Auditors thereon.21 for0 against
To declare Dividend of 150% i.e. Rs.1.50/- per equity share on face value of Re.1/- each fully paid up (including Re. 0.50 paise per equity share as Special Dividend in commemoration of 120th year of operations of the Bank) for the Financial Year 2023-24.MoreLess
22 for0 against1 abstained
Appointment of M/s P.B. Vijayaraghavan and Co., Chartered Accountants, Chennai (FRN 004721S) and M/s M. Srinivasan & Associates, Chartered Accountants, Chennai (FRN 004050S), as the Joint Statutory Central Auditors of the Bank for a first term for FY 2024-25.MoreLess
Against Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Quantum Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundNo concern on merit, competence, eligibility of appointees. Non-Compliance: Approval proposed for only 1 year as approved by RBI although RBI itself has mandated appointment for continuous 3 years.
- PPFAS Mutual FundProposed for 1 year against legal provisions of 3 years.
- Quantum Mutual FundThere is no concern on the merits and eligibility of statutory auditors. We take note that the bank has proposed the appointment of auditors for 1 year as against the RBI circular requirement of 3 years. Since, the appointment is not in compliance with the RBI directive, we do not favour the resolution.
15 for7 against1 abstained
To appoint, in consultation with the Joint Statutory Central Auditors of the Bank, the Branch Auditors who are qualified to act as Auditors, including Statutory Auditors pursuant to Section 139, 143(8) and other applicable provisions of the Companies Act, 2013 and the Rules made there under for the purpose of audit of the branches of the Bank for the financial year 2024-25MoreLess
20 for0 against- Appointment of Shri Gurumoorthy Mahalingam (DIN 09660723) as the Part-time Non-Executive Chairman of the Bank
Against Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund
- Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundApproval is Compliant with law. No issue on merit, eligibility & competence of appointee. Governance Concern: Board Composition is non-compliant u/s 152 of the Companies Act, 2013.
- PPFAS Mutual FundBoard is non-compliant u/s 152 of the Act.
15 for7 against1 abstained
- Revision of fixed remuneration for Dr. N. Kamakodi (DIN 02039618), MD and CEO of the Bank w.e.f. May 1, 2022 to April 30, 2023 and w.e.f. May 1, 2023 to April 30, 2024, as approved by RBI22 for0 against
1 abstained
Appointment of Shri R. Vijay Anandh (DIN 09656376), as Additional Director, as a Whole-time Director designated as Executive Director of the Bank, for a period of three (3) years, w.e.f. June 24, 2024, on the terms and conditions relating to the said appointment, including remuneration,as approved by the RBI.MoreLess
Against Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund
- Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundNo issue on merit, eligibility & competence of appointee. Non-Compliant with Section 152 of Companies Act: None of the NIDs (EDs) are liable to retire by rotation as required u/s 152 of the Act.
- PPFAS Mutual FundBoard is non-compliant u/s 152 of the Act, appointment proposed as non-retiring director.
15 for7 against1 abstained
- To authorize the Board to offer, issue and allot shares by way of Qualified Institutional Placement.18 for0 against
6 proposals not matched to one resolution
- 8) Approve issuance of securities through QIP for an amount not exceeding Rs. 5.0 bn.1 for0 against
- Accept Financial Statements and Statutory Reports1 for0 against
1 abstained
- Approve Branch Auditors and Authorize Board to Fix Their Remuneration1 for0 against
1 abstained
- Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights1 for0 against
1 abstained
- Approve issuance of securities through QIP for an amount not exceeding Rs. 5.0 bn2 for0 against
- Authorize the board to appoint branch auditors and fix their remuneration for FY251 for0 against
Mutual fund votes, meeting of 30 Apr 2024, 25 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Re- Appointment of Shri K. Vaidyanathan (DIN:07120706) Independent Director for the Second Term w.e.f May 03, 2024 till March 27, 202723 for0 against
1 abstained
- Re-appointment of Shri T.K. Ramkumar (DIN:02688194) Independent Director for the Second Term w.e.f June 17, 2024 for three years till June 16, 2027
Against Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, JM Financial Mutual Fund, Kotak Mahindra Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund
- Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, JM Financial Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundNon-Compliant: Appointment without serving the cooling off period of three years. Governance concern: Prolonged Association with the Bank.
- Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted as there was a lack of minimum gap served between T.K Ramkumar's previous term and reappointment as Independent Director.
- ICICI Prudential Mutual FundMr. Ramkumar was a Non-Executive Non-Independent Director on the Board from 2009 to 2013. He was appointed as an Independent Director in August 2014 for a period of 3 years and served on the Board up to June 2017. He was again appointed as Additional Director w.e.f. June 2019. Thereafter, he was appointed as an Independent Director of the Bank w.e.f. August 2019 for a period of 5 years. Now, the Bank has sought shareholders’ approval to re-appoint him as an Independent director for a second term for the remaining period of three years i.e. up to June 2027. Given the long period of association of the individual with the Bank without serving an adequate cooling off period, makes it imprudent to appoint him again in the capacity of Independent Director. Hence, the AMC has voted against this resolution.
- Kotak Mahindra Mutual FundNo concern has been identified w.r.t his profile and time commitment of the director. However, he has previously been on the board of the group and has not served the mandatory cooling off period of 3 years as per Section 149 of Companies Act, 2013. Therefore, his current re-appointment becomes non-compliance with the law. Also, Mr. T.K. Ramkumar has been associated with the Bank (Considering association from 2009) for almost 14 years already which surpasses the threshold of 10 years for an Independent Director. Hence, based on governance parameters, voting against.
- Nippon India Mutual FundCooling of Period & prolonged association
- PPFAS Mutual FundAppointment without serving the cooling off period of three years and Prolonged Association.
11 for13 against1 abstained
1 proposal not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 23 Aug 2023, 18 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- ADOPTION OF AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 202317 for0 against
1 abstained
- TO DECLARE DIVIDEND @ 100% FOR FY 2022-2314 for0 against
1 abstained
- Re-Appointment of M/s Jagannathan & Sarabeswaran, Chartered Accountants , Chennai and M/s Gopal Rao & Co, Chartered Accountants, Chennai as Joint Statutory Central Auditors for FY 2023-2417 for0 against
1 abstained
- APPROVAL FOR APPOINTMENT OF BRANCH AUDITORS AND TO FIX THEIR REMUNERATION FOR FY 2023-2417 for0 against
1 abstained
- RE-APPOINTMENT OF V.N.SHIVASHANKAR (DIN00929256) AS AN INDEPENDENT DIRECTOR ON THE BOARD FOR A SECOND TERM FOR THE REMAINING TERM UPTO 06-02-202617 for0 against
1 abstained
- RE-APPOINTMENT OF DR.T.S. SRIDHAR (DIN01681108) AS AN INDEPENDENT DIRECTOR ON THE BOARD FOR A SECOND TERM FOR THE REMAINING TERM UPTO 06-02-202617 for0 against
1 abstained
- AMENDMENT OF ARTICLES OF ASSOCIATION OF THE BANK
Against JM Financial Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- JM Financial Mutual FundNon-compliant with RBI guidelines.
- Kotak Mahindra Mutual FundAs per the RBI guidelines, the Chairman of the Bank should be an Independent director and not a whole time director. The proposed Amendment in articles gives power to appoint Chairman of the Bank on a whole time Basis or the Managing Director or Executive Director / Whole Time Director / Deputy Managing Director / Joint Managing Director or any other Director in capacity of Whole-time Director by whatever name as may be designated and approved by the Board of the Bank. Hence not in compliant with law.
- Motilal Oswal Mutual FundNon-compliant w.r.t RBI guidelines.
- Nippon India Mutual FundProposed amendment in articles gives power to appoint Chairman of the Bank
13 for4 against1 abstained
- TO AUTHORIZE THE BOARD TO OFFER, ISSUE AND ALLOT SHARES BY WAY OF QIP16 for0 against
3 proposals not matched to one resolution
- 2) Approve final dividend of Rs. 1.0 per equity share of face value of Rs. 1.0 per equity share for FY23.1 for0 against
- Approve final dividend of Rs. 1.0 per equity share of face value of Rs. 1.0 per equity share for FY232 for0 against
- Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights1 for0 against
1 abstained
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyReserve Bank of IndiaSince 31 Jul 2026₹100
Pertaining to Currency Chest
Mutilated in CC remittance penalty - Fine or penaltyReserve Bank of IndiaSince 8 Jul 2026₹20,000
Pertaining to ATM
ATM cash out penalty - Fine or penaltyReserve Bank of IndiaSince 27 Jul 2026₹10,000
Pertaining to ATM
ATM cash out penalty - Fine or penaltyReserve Bank of IndiaSince 7 Aug 2026₹20,000
Pertaining to ATM
ATM cash out penalty - Fine or penaltyReserve Bank of IndiaSince 10 Aug 2026₹10,000
Pertaining to Branch
Incognito Visits - Penalty - Fine or penaltyReserve Bank of IndiaSince 4 Sep 2026₹10,000
Pertaining to ATM
ATM cash out penalty - Tax disputeAssistant Commissioner ST (FAC) Kumbakonam Town, Assessment circleSince 30 Dec 2025Status Quo remains same during the quarter
At the filing before: For the FY 2021-22, order under section 73 of the Tamilnadu Goods & Service Tax Act, 2017 (TNGST Act) demanding Tax of Rs 191.05/- crs along with applicable interest and penalty. The demand was made on taxing on certain exempt incomes, taxing service charges on estimated basis and on ITC claim.MoreLess
- Tax disputeThe Assessment Unit, Income Tax departmentSince 24 Mar 2026Status Quo remains same during the quarter
At the filing before: For the Assessment year 2024-25 Assessment order under section 143(3) of the Act was passed by reducing the refund claim of the bank by Rs.97,22,24,471- and raising Nil demand. The order was made by disallowing partially certain claims made by the bank which include deduction claimed under section 36(1)(viia) and 36(lXvii) and disallowing other three deductions.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- 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
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.