Share price at the NSE close on 23 Oct 2026. Previous close ₹206.09.
- Next results date: the board meets on 23 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.
- ₹6,434 Cr730th 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 24 Jul 2026
- 8.2
- 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 14 Jul 2026
- 1.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.73%
- 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 24 Jul 2026
- 12.9%
- 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.
- 3.22%
- 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 Sep 2026.
- 2.29%
- 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 Sep 2026.
- 0.73%
- 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 Sep 2026.
- 14.57%
- 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.
- 0.89%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 21,84,04756.3% delivered
DCB 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
- ChairpersonPushan Mahapatra
- Managing director and CEOPraveen Kutty
- Company Secretary and Compliance OfficerMs. Rubi Chaturvedi
12 directors8 independent2 executive2 non-executive
- Amyn JassaniIndependent · joined Jan 2020 · reappointed Jan 2025 · 80 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- Balu SrinivasanIndependent · joined Mar 2025 · reappointed Mar 2025 · 18 months as independent · 1 listed board · 1 as independent
- Pushan Mahapatra · ChairpersonIndependent · joined Mar 2026 · reappointed Mar 2026 · 6 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Somasundaram PRIndependent · joined Jan 2020 · reappointed Jan 2025 · 80 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
- Suhail NathaniIndependent · joined Feb 2026 · reappointed Feb 2026 · 7 months as independent · 2 listed boards · 2 as independent · 2 committee seats
- Tarun BalramIndependent · joined Jan 2022 · reappointed Jan 2022 · 56 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Thiyagarajan KumarIndependent · joined Feb 2022 · reappointed Feb 2022 · 55 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Neeta RegeIndependent · joined Feb 2026 · reappointed Feb 2026 · 7 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Nadir BhalwaniNon-executive · joined Mar 2025 · reappointed Jul 2026 · 18 months as independent · 1 listed board · 1 committee seat
- Nasser MunjeeNon-executive · joined Sep 2024 · reappointed Aug 2025 · 24 months as independent · 4 listed boards · 3 as independent · 3 committee seats, 2 as chair
- Praveen Kutty · Managing director and CEOExecutive · joined Apr 2024 · reappointed Apr 2024 · 29 months as independent · 1 listed board
- Krishnan Sridhar SeshadriExecutive · joined Jun 2024 · reappointed Jun 2026 · 27 months as independent · 1 listed board
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.
6 directors who left
- Shaffiq Dharamshi, left 8 May 2026: Others
- Lakshmy Chandrasekaran, left 13 Apr 2026: Tenure Completion
- Farokh Nariman Subedar, left 14 Oct 2025: Tenure Completion
- Iqbal Khan, left 14 Jul 2025: Tenure Completion
- Rafiq Somani, left 8 Mar 2025: Tenure Completion
- Shabbir Merchant, left 24 Jan 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 29 Sep 202611 of 12 present7 independent · 48 days in between
- 11 Aug 202612 of 12 present8 independent · 17 days in between
- 24 Jul 202612 of 12 present8 independent · 20 days in between
- 3 Jul 202612 of 12 present8 independent · 27 days in between
1 earlier meeting
- 5 Jun 202612 of 12 present8 independent
Audit Committee
Chair Thiyagarajan Kumar
Amyn Jassani, Somasundaram PR, Nasser Munjee, Neeta Rege
- 23 Jul 20265 of 5 present4 independent · 90 days in between
- 23 Apr 20265 of 5 present4 independent
Nomination and remuneration committee
Chair Somasundaram PR
Amyn Jassani, Nasser Munjee
- 28 Sep 20263 of 3 present2 independent · 153 days in between
- 27 Apr 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Neeta Rege
Amyn Jassani, Pushan Mahapatra, Nadir Bhalwani
- 21 Jul 20264 of 4 present3 independent · 90 days in between
- 21 Apr 20264 of 4 present3 independent
Risk Management Committee
Chair Amyn Jassani
Tarun Balram, Praveen Kutty, Thiyagarajan Kumar, Balu Srinivasan
- 28 Sep 20264 of 5 present4 independent · 90 days in between
- 29 Jun 20265 of 5 present4 independent
Corporate Social Responsibility Committee
Chair Nasser Munjee
Thiyagarajan Kumar, Krishnan Sridhar Seshadri, Nadir Bhalwani
- 22 Jul 20263 of 4 present1 independent · 90 days in between
- 22 Apr 20264 of 4 present1 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.
- M/S B S R & Co LLPPeer-review certificate valid to Jul 2028
- M/S Deloitte Haskins & SellsPeer-review certificate valid to Mar 2027
3 earlier auditors
- M/S Varma And VarmaNamed in the filing for the quarter to Mar 2026
- BSR& Co. LLPNamed in the filing for the quarter to Mar 2025
- Varma & VarmaNamed 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.
DCB 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.DCB Bank dividend history
Postal ballot, 6 Aug 2026
1,80,609 shareholders on the register on 4 Jul 2026; votes counted by Manisha Maheshwari / M/s Bhandari & Associates, Company Secretaries.The company's voting result (opens in a new tab)
- Noting of appointment of Mr. Pushan Mahapatra (DIN: 07307428) as Non- Executive Part-Time Chairman of the Bank and approval of payment of remuneration.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 53.16% · promoters 100.00% · institutions 76.09% · other public 5.20%
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, 3 Jul 2026, 8 resolutions
1,81,319 shareholders on the register on 26 Jun 2026; present: 2 promoters and 123 others; votes counted by Manisha Maheshwari / M/s Bhandari & Associates, Company Secretaries.The company's voting result (opens in a new tab)
- Adoption of the Audited Financial Statements for the Financial Year ended March 31, 2026 together with the Reports of the Auditors and Directors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 52.82% · promoters 100.00% · institutions 75.25% · other public 5.74%
- Declaration of dividend of Rs.1.45 per Equity Share of Rs. 10/- each, for the Financial Year ended March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 52.88% · promoters 100.00% · institutions 75.40% · other public 5.74%
- Re-appointment of Mr. Nadir Bhalwani (DIN: 00555534) as Director of the Bank, who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.48% for0.52% against
Against: promoters 0.00% · institutions 0.79% · other public 0.20%
Turnout: all 52.88% · promoters 100.00% · institutions 75.40% · other public 5.74%
- To appoint Joint Statutory Auditors of the Bank and to fix their overall audit fees.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.04% · other public 0.01%
Turnout: all 52.88% · promoters 100.00% · institutions 75.40% · other public 5.74%
- Raising of funds by issue of bonds/ debentures/securities on Private Placement basis.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 52.88% · promoters 100.00% · institutions 75.40% · other public 5.74%
- Issue of Equity Shares/ Other Securities Convertible into Equity Shares (“Securities”) through Qualified Institutions Placement (QIP).Special84.93% for15.07% against
Against: promoters 0.00% · institutions 23.12% · other public 0.06%
Turnout: all 52.88% · promoters 100.00% · institutions 75.40% · other public 5.74%
Re-appointment of Mr. Krishnan Sridhar Seshadri (DIN:10508808) as Whole-time Director (Executive Director) of the Bank for a period of one (1) year,w.e.f. June 13, 2026 on the terms and conditions relating to the said re-appointment, including remuneration, as approved by the RBI.MoreLess
Ordinary99.42% for0.58% againstAgainst: promoters 0.00% · institutions 0.88% · other public 0.10%
Turnout: all 52.88% · promoters 100.00% · institutions 75.40% · other public 5.74%
To approve an increase in the number of employee stock options to be granted under the DCB Bank Limited - Employee Stock Option Plan 2005 and other related and ancillary modifications thereto in line with the Applicable LawsMoreLess
Special99.85% for0.15% againstAgainst: promoters 0.00% · institutions 0.22% · other public 0.20%
Turnout: all 52.88% · promoters 100.00% · institutions 75.40% · other public 5.74%
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, 7 May 2026, 5 resolutions
1,85,711 shareholders on the register on 27 Mar 2026; votes counted by Manisha Maheshwari / M/s Bhandari & Associates, Company Secretaries.The company's voting result (opens in a new tab)
- Appointment of Ms. Neeta Sudhir Rege (DIN: 11328588) as a Non-Executive (Independent) Director of the BankSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.43%
Turnout: all 52.61% · promoters 100.00% · institutions 77.05% · other public 3.65%
Appointment of Mr. Suhail Amin Nathani (DIN: 01089938) as a Non-Executive (Independent) Director of the BankAppointment of Mr. Suhail Amin Nathani (DIN: 01089938) as a Non-Executive (Independent) Director of the BankMoreLess
SpecialNot passedRecorded as not passed although most votes were for it; no reason is given74.13% for25.87% againstAgainst: promoters 0.00% · institutions 39.29% · other public 0.51%
Turnout: all 51.57% · promoters 100.00% · institutions 74.75% · other public 3.65%
- Appointment of Mr. Pushan Mahapatra (DIN: 07307428) as a Non-Executive (Independent) Director of the BankSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.17%
Turnout: all 52.61% · promoters 100.00% · institutions 77.05% · other public 3.65%
- Appointment of Mr. Shaffiq Mansurali Dharamshi (DIN: 06925633) as a Non-Executive (Non-Independent) Director of the BankOrdinary99.86% for0.14% against
Against: promoters 0.00% · institutions 0.19% · other public 0.50%
Turnout: all 52.61% · promoters 100.00% · institutions 77.05% · other public 3.65%
- Amendment to the Articles of Association of the BankSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.19%
Turnout: all 52.61% · promoters 100.00% · institutions 77.05% · other public 3.64%
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, 6 Aug 2025, 10 resolutions
2,10,908 shareholders on the register on 30 Jul 2025; present: 2 promoters and 101 others; votes counted by Manisha Maheshwari / M/s Bhandari & Associates, Company Secretaries.The company's voting result (opens in a new tab)
- Adoption of the Audited Financial Statements for the Financial Year ended March 31, 2025 together with the Reports of the Auditors and Directors thereonOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 44.73% · promoters 100.00% · institutions 65.60% · other public 3.77%
- Declaration of dividend of Rs.1.35 per Equity Share of Rs.10/- each, for the Financial Year ended March 31, 2025Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.17%
Turnout: all 44.80% · promoters 100.00% · institutions 65.76% · other public 3.77%
- Re-appointment of Mr. Nasser Munjee (DIN:00010180) as Director of the Bank, who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.05% for0.95% against
Against: promoters 0.00% · institutions 1.47% · other public 0.37%
Turnout: all 44.80% · promoters 100.00% · institutions 65.76% · other public 3.77%
- Approval for the payment of additional remuneration to the Joint Statutory Auditors of the Bank, for FY 2024-25Ordinary98.64% for1.36% against
Against: promoters 0.00% · institutions 2.11% · other public 0.51%
Turnout: all 44.80% · promoters 100.00% · institutions 65.76% · other public 3.77%
- Noting of the RBI approval for the appointment of the Joint Statutory Auditors and approve the overall audit fee to the Joint Statutory Auditors of the Bank for FY 2025-26Ordinary98.65% for1.35% against
Against: promoters 0.00% · institutions 2.11% · other public 0.15%
Turnout: all 44.80% · promoters 100.00% · institutions 65.76% · other public 3.77%
- Appointment of Secretarial AuditorOrdinary99.02% for0.98% against
Against: promoters 0.00% · institutions 1.53% · other public 0.15%
Turnout: all 44.80% · promoters 100.00% · institutions 65.76% · other public 3.77%
- Raising of funds by issue of bonds/ debentures/securities on Private Placement basis.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.19%
Turnout: all 44.80% · promoters 100.00% · institutions 65.76% · other public 3.77%
- Issue of Equity Shares/ Other Securities Convertible into Equity Shares (“Securities”) through Qualified Institutions Placement (QIP).Special99.92% for0.08% against
Against: promoters 0.00% · institutions 0.10% · other public 0.39%
Turnout: all 44.80% · promoters 100.00% · institutions 65.76% · other public 3.77%
- Increase in Borrowing PowersSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.22%
Turnout: all 44.80% · promoters 100.00% · institutions 65.76% · other public 3.77%
- Approval for payment of honorarium to Mr. Farokh N. Subedar (DIN: 00028428), Non-Executive Part Time Chairman and Independent Director of the Bank for the Financial Year 2025-26Special96.61% for3.39% against
Against: promoters 0.00% · institutions 1.53% · other public 68.34%
Turnout: all 44.80% · promoters 100.00% · institutions 65.76% · other public 3.77%
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, 19 May 2025, 2 resolutions
2,38,494 shareholders on the register on 11 Apr 2025; votes counted by Mr. S.N.Vishwanath / S. N. Ananthasubramanian & Co..The company's voting result (opens in a new tab)
- Appointment of Mr. Balu Srinivasan (DIN 00397658) as a Non-Executive (Independent) Director of the BankSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.71%
Turnout: all 43.87% · promoters 100.00% · institutions 70.79% · other public 2.92%
- Appointment of Mr. Nadir Noorallah Bhalwani (DIN 00555534) as a Non-Executive (Non-Independent) Director of the BankOrdinary99.88% for0.12% against
Against: promoters 0.00% · institutions 0.08% · other public 2.20%
Turnout: all 43.87% · promoters 100.00% · institutions 70.79% · other public 2.92%
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, 10 Mar 2025, 2 resolutions
2,42,091 shareholders on the register on 31 Jan 2025; votes counted by Mr. S.N.Vishwanath / S. N. Ananthasubramanian & Co..The company's voting result (opens in a new tab)
- Re-appointment of Mr. Amyn Asgarali Jassani (DIN: 02945319) as an Independent Director of the BankSpecial96.06% for3.94% against
Against: promoters 0.00% · institutions 2.27% · other public 93.33%
Turnout: all 47.42% · promoters 100.00% · institutions 81.11% · other public 2.66%
- Re-appointment of Mr. Somasundaram Palamadairamaswamy (DIN: 00356363) as an Independent Director of the BankSpecial98.27% for1.73% against
Against: promoters 0.00% · institutions 2.52% · other public 2.07%
Turnout: all 47.42% · promoters 100.00% · institutions 81.11% · other public 2.66%
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, 6 Dec 2024, 1 resolution
The company's voting result (opens in a new tab)
- Appointment of Mr. Nasser Munjee (DIN:00010180) as a Non-Executive (Non- Independent) Director of the BankOrdinary99.90% for0.10% against
Against: promoters 0.00% · institutions 0.00% · other public 3.49%
Turnout: all 44.48% · promoters 100.00% · institutions 75.13% · other public 2.66%
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 Aug 2024, 2 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mr. Krishnan Sridhar Seshadri (DIN:10508808) as a Director of the Bank.Ordinary97.82% for2.18% against
Against: promoters 0.00% · institutions 3.36% · other public 0.72%
Turnout: all 45.18% · promoters 100.00% · institutions 69.89% · other public 3.23%
Appointment of Mr. Krishnan Sridhar Seshadri (DIN:10508808) as Whole-time Director (Executive Director) of the Bank for a period of two (2) years, w.e.f. June 13, 2024 on the terms and conditions relating to the said appointment, including remuneration, as approved by the RBI.MoreLess
Ordinary97.82% for2.18% againstAgainst: promoters 0.00% · institutions 3.36% · other public 0.78%
Turnout: all 45.18% · promoters 100.00% · institutions 69.89% · other public 3.23%
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 6 Aug 2026, 7 fund houses so far (houses' deadline to file 15 Oct 2026)
- Noting of appointment of Mr. Pushan Mahapatra (DIN: 07307428) as Non- Executive Part-Time Chairman of the Bank and approval of payment of remuneration.7 for0 against
Mutual fund votes, meeting of 3 Jul 2026, 6 fund houses so far (houses' deadline to file 15 Oct 2026)
- Adoption of the Audited Financial Statements for the Financial Year ended March 31, 2026 together with the Reports of the Auditors and Directors thereon6 for0 against
- Declaration of dividend of Rs.1.45 per Equity Share of Rs. 10/- each, for the Financial Year ended March 31, 20266 for0 against
- Re-appointment of Mr. Nadir Bhalwani (DIN: 00555534) as Director of the Bank, who retires by rotation and being eligible, offers himself for re-appointment.6 for0 against
- To appoint Joint Statutory Auditors of the Bank and to fix their overall audit fees.6 for0 against
- Raising of funds by issue of bonds/ debentures/securities on Private Placement basis.6 for0 against
- Issue of Equity Shares/ Other Securities Convertible into Equity Shares (“Securities”) through Qualified Institutions Placement (QIP).
Against Angel One Mutual Fund
- Angel One Mutual FundGovernance and Transparency Concern: Significant dilution as a consequence of the proposed resolution without specific justification for fund raising. Further, no clarity regarding why Rights Issue is not preferred.
5 for1 against Re-appointment of Mr. Krishnan Sridhar Seshadri (DIN:10508808) as Whole-time Director (Executive Director) of the Bank for a period of one (1) year,w.e.f. June 13, 2026 on the terms and conditions relating to the said re-appointment, including remuneration, as approved by the RBI.MoreLess
6 for0 againstTo approve an increase in the number of employee stock options to be granted under the DCB Bank Limited - Employee Stock Option Plan 2005 and other related and ancillary modifications thereto in line with the Applicable LawsMoreLess
Against Angel One Mutual Fund
- Angel One Mutual FundGovernance Concern: Provision of accelerated vesting period with absolute discretion to Nomination & Remuneration Committee.
5 for1 against
6 earlier meetings
Mutual fund votes, meeting of 7 May 2026, 12 fund houses
- Appointment of Ms. Neeta Sudhir Rege (DIN: 11328588) as a Non-Executive (Independent) Director of the Bank12 for0 against
Appointment of Mr. Suhail Amin Nathani (DIN: 01089938) as a Non-Executive (Independent) Director of the BankAppointment of Mr. Suhail Amin Nathani (DIN: 01089938) as a Non-Executive (Independent) Director of the BankMoreLess
Against Aditya Birla Sun Life Mutual Fund, Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Mahindra Manulife Mutual Fund, Motilal Oswal Mutual Fund, Sundaram Mutual Fund
- Aditya Birla Sun Life Mutual Fund, Mahindra Manulife Mutual FundSuhail Amin Nathani, 60, is the Co‑Founder and Managing Partner of Economic Laws Practice (ELP). He has over three decades of experience in M&A, competition law, trade law, regulatory matters, and international law, and has advised regulatory authorities, multinational corporations, and leading Indian businesses on complex commercial and cross‑border matters. He has represented India at the World Trade Organization (WTO) and has served as counsel to the Competition Commission of India (CCI) and SEBI. He holds a master’s degree in law from the University of Cambridge, England, and an LL.M. from Duke University, USA.We note that he has also served on the board of Aga Khan Agency for Habitat India (AKAH India), an agency of the Aga Khan Development Network (AKDN), since December 2012. We therefore consider his overall association with the group while computing his tenure. As his association with the Aga Khan Group exceeds ten years, we do not consider him an Independent Director. We also note that Aga Khan Fund for Economic Development SA (AKFED), the promoter of the bank, holds a 15.47% stake, and that both AKFED and AKAH India are part of AKDN. Considering these concerns, we do not support his appointment as an Independent Director. We do not support the resolution.
- Angel One Mutual FundGovernance Concern: Prolonged association with the Promoter Group entity, which may vitiate the independence of the proposed director.
- Bandhan Mutual Fund, Groww Mutual FundCompliant with the law. No concerns on the merit of the proposed appointee. Governance Concern: Prolonged association with the Promoter Group entity, which may vitiate the independence of the proposed director
- LIC Mutual FundGovernance Concern: Prolonged association with the Promoter Group entity, which may vitiate the independence of the proposed director
- Motilal Oswal Mutual FundProlonged association with the promoter group entity.
- Sundaram Mutual FundSuhail Amin Nathani, 60, is the Co‑Founder and Managing Partner of Economic Laws Practice (ELP). He has over three decades of experience in M&A, competition law, trade law, regulatory matters, and international law, and has advised regulatory authorities, multinational corporations, and leading Indian businesses on complex commercial and cross‑border matters. He has represented India at the World Trade Organization (WTO) and has served as counsel to the Competition Commission of India (CCI) and SEBI. He holds a master’s degree in law from the University of Cambridge, England, and an LL.M. from Duke University, USA. We note that he has also served on the board of Aga Khan Agency for Habitat India (AKAH India), an agency of the Aga Khan Development Network (AKDN), since December 2012. We therefore consider his overall association with the group while computing his tenure. As his association with the Aga Khan Group exceeds ten years, we do not consider him an Independent Director. We also note that Aga Khan Fund for Economic Development SA (AKFED), the promoter of the bank, holds a 15.47% stake, and that both AKFED and AKAH India are part of AKDN. Considering these concerns, we do not support his appointment as an Independent Director. We do not support the resolution.
4 for8 against- Appointment of Mr. Pushan Mahapatra (DIN: 07307428) as a Non-Executive (Independent) Director of the Bank12 for0 against
- Appointment of Mr. Shaffiq Mansurali Dharamshi (DIN: 06925633) as a Non-Executive (Non-Independent) Director of the Bank12 for0 against
- Amendment to the Articles of Association of the Bank12 for0 against
Mutual fund votes, meeting of 6 Aug 2025, 15 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of the Audited Financial Statements for the Financial Year ended March 31, 2025 together with the Reports of the Auditors and Directors thereon15 for0 against
- Declaration of dividend of Rs.1.35 per Equity Share of Rs.10/- each, for the Financial Year ended March 31, 202515 for0 against
- Re-appointment of Mr. Nasser Munjee (DIN:00010180) as Director of the Bank, who retires by rotation and being eligible, offers himself for re-appointment.15 for0 against
- Approval for the payment of additional remuneration to the Joint Statutory Auditors of the Bank, for FY 2024-2515 for0 against
- Noting of the RBI approval for the appointment of the Joint Statutory Auditors and approve the overall audit fee to the Joint Statutory Auditors of the Bank for FY 2025-2615 for0 against
- Appointment of Secretarial Auditor
Against Angel One Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual Fund, LIC Mutual FundGovernance concern: Failure to highlight non-compliance by the Bank in the Secretarial Audit Report or Annual Secretarial Compliance Report.
- Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Failure to highlight non-compliance by the Bank in the Secretarial Audit Report or Annual Secretarial Compliance Report.
11 for4 against - Raising of funds by issue of bonds/ debentures/securities on Private Placement basis.15 for0 against
- Issue of Equity Shares/ Other Securities Convertible into Equity Shares (“Securities”) through Qualified Institutions Placement (QIP).14 for0 against
- Increase in Borrowing Powers2 for0 against
- Approval for payment of honorarium to Mr. Farokh N. Subedar (DIN: 00028428), Non-Executive Part Time Chairman and Independent Director of the Bank for the Financial Year 2025-26
Against Angel One Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance Concern: Board Chairperson and the Board is non-compliant with requisite number of retiring Directors.
- Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Board Chairperson and the Board is non-compliant with requisite number of retiring Directors as required under Section 152 of the Companies Act.
- LIC Mutual FundGovernance Concern: Board Chairperson and the Board is non-compliant with requisite number of retiring Directors as required under Section 152 of the Companies Act.
11 for4 against
2 proposals not matched to one resolution
- Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights1 for0 against
To borrow from time to time, any sum or sums of monies, which together with the monies already borrowed by the Bank (apart from deposits accepted in the ordinary course of business, temporary loans repayable on demand or within six months from the date of the loan or temporary loans, if any, obtained from the Bank’s bankers i.e., short term borrowings) and raising such borrowings by issuance of bonds and other debt instruments, including Listed Debt Securities, loans/ credit facilities (fund based and non-fund based) availed by the Bank from any person, or the funds borrowed through external commercial borrowings or through such other instruments or transactions, borrowings (any) from banks/ financial institutions for availing refinance or other inter-bank domestic/ forex borrowings, etc., may exceed the aggregate of the paid-up capital, free reserves and securities premium of the Bank shall not at any time exceed Rs. 12,000 Crore.MoreLess
13 for0 against
Mutual fund votes, meeting of 19 May 2025, 10 fund houses
- Appointment of Mr. Balu Srinivasan (DIN 00397658) as a Non-Executive (Independent) Director of the Bank10 for0 against
- Appointment of Mr. Nadir Noorallah Bhalwani (DIN 00555534) as a Non-Executive (Non-Independent) Director of the Bank10 for0 against
Mutual fund votes, meeting of 10 Mar 2025, 10 fund houses
- Re-appointment of Mr. Amyn Asgarali Jassani (DIN: 02945319) as an Independent Director of the Bank
Against Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
- Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundNo concern identified on the merit of proposed appointees. Re-appointment not in accordance with Companies Act, 2013: Prior approval of shareholders is not obtained for re-appointment as an ID.
7 for3 against - Re-appointment of Mr. Somasundaram Palamadairamaswamy (DIN: 00356363) as an Independent Director of the Bank
Against Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
- Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundNo concern identified on the merit of proposed appointees. Re-appointment not in accordance with Companies Act, 2013: Prior approval of shareholders is not obtained for re-appointment as an ID. Non-Compliant Board w.r.t the retirement by rotation: The Chairman of the NRC should be responsible for the continued non-compliance w.r.t the retirement by rotation under Section 152 of the Companies Act
7 for3 against
Mutual fund votes, meeting of 6 Dec 2024, 10 fund houses
- Appointment of Mr. Nasser Munjee (DIN:00010180) as a Non-Executive (Non- Independent) Director of the Bank10 for0 against
Mutual fund votes, meeting of 29 Aug 2024, 9 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Mr. Krishnan Sridhar Seshadri (DIN:10508808) as a Director of the Bank.
Against Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
- Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on merit of proposed appointee. Governance Concern: Board is Non-Compliant with Section 152(6) of Companies Act as the Bank does not have requisite number retiring directors on the Board.
5 for3 against Appointment of Mr. Krishnan Sridhar Seshadri (DIN:10508808) as Whole-time Director (Executive Director) of the Bank for a period of two (2) years, w.e.f. June 13, 2024 on the terms and conditions relating to the said appointment, including remuneration, as approved by the RBI.MoreLess
Against Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
- Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on merit of proposed appointee. Governance Concern: Board is Non-Compliant with Section 152(6) of Companies Act as the Bank does not have requisite number retiring directors on the Board.
5 for3 against
2 proposals not matched to one resolution
- Approve Appointment and Remuneration of Krishnan Sridhar Seshadri as Whole-time Director (Executive Director)1 for0 against
- Elect Krishnan Sridhar Seshadri as Director1 for0 against
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 penaltyAssistant Commissioner of State Tax, Ward 206 DelhiSince 18 Aug 2026₹0.26 Cr
SCN received - order awaited. The Bank has made submissions to refute this penalty
Alleged ineligible / incorrect ITC availed - Fine or penaltyAssistant Commissioner, Ghatak 8 (Ahmedabad), GujaratSince 22 Sep 2026₹0.24 Cr
SCN received - order awaited. The Bank has made submissions to refute this penalty
Alleged ineligible / incorrect ITC availed - Fine or penaltyAARTI SANJAY BAVALEKAR), STATE TAX OFFICER, Nodal Division-04, Mumbai, MaharashtraSince 30 Sep 2026₹0.04 Cr
SCN received - order awaited. The Bank is in the process of making submissions to refute this penalty
Reversal of GST liability on account of credit notes - Tax disputeAssessing Officer - Income taxSince 16 Jan 2020Appeal filed by Bank with Commisioner of Income-tax (Appeals). Pending for hearingAt the filing before: Pending
- Tax disputeAssessing Officer - Income taxSince 4 May 2021Appeal filed by Bank with Commisioner of Income-tax (Appeals). Pending for hearingAt the filing before: Pending
- Tax disputeAssessing Officer - Income taxSince 25 Jan 2018Appeal filed by Bank with Commisioner of Income-tax (Appeals).Pending for hearingAt the filing before: Pending
- Tax disputeUnion of India and OthersSince 25 Sep 2020Appeal filed by Bank and admitted by the Delhi High Court.Hearing Scheduled on 22.07.2025At the filing before: Pending
- Tax disputeAssessing Officer - Income taxSince 26 Aug 2025Appeal filed by Bank with Commisioner of Income-tax (Appeals). Pending for hearing
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.