Share price at the NSE close on 23 Oct 2026. Previous close ₹66.66.
- Next results date: the board meets on 29 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.
- ₹7,526 Cr641st 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
- 14.7
- 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 30 Apr 2026
- 1.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- 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
- 8.4%
- 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.
- 6.85%
- 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.
- 2.42%
- 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.
- 0.71%
- 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.
- 16.01%
- 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.
- 0.18%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 17,99,98448.7% delivered
Equitas Small Finance 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
- ChairpersonANIL KUMAR SHARMA
- Managing director and CEOPATHANGI NARASIMHAN VASUDEVAN
- Company Secretary and Compliance OfficerN Ramanathan
10 directors8 independent2 executive
- ANIL KUMAR SHARMA · ChairpersonIndependent · joined Apr 2024 · reappointed Apr 2024 · 29 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- NAVIN PURIIndependent · joined Aug 2019 · reappointed Aug 2024 · 86 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- ASURI RAMESH RANGAN SHOLINGHURIndependent · joined Nov 2020 · reappointed Nov 2025 · 70 months as independent · 2 listed boards · 2 as independent · 3 committee seats
- GEEETA DUTTA GOELIndependent · joined Dec 2021 · reappointed Dec 2021 · 57 months as independent · 3 listed boards · 3 as independent · 5 committee seats
- GULSHAN RAIIndependent · joined Mar 2024 · reappointed Mar 2024 · 30 months as independent · 1 listed board · 1 as independent · 1 committee seat
- KEEZHAYUR SOWRIRAJAN SAMPATHIndependent · joined Jul 2024 · reappointed Jul 2024 · 26 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- NARAYANAN RAJAGOPALAN NADADURIndependent · joined Jul 2024 · reappointed Jul 2024 · 26 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 1 as chair
- KRISHNASWAMY RAMKUMARIndependent · joined Jul 2024 · reappointed Jul 2024 · 26 months as independent · 1 listed board · 1 as independent
- PATHANGI NARASIMHAN VASUDEVAN · Managing director and CEOExecutive · joined Jul 2016 · reappointed Jul 2026 · 122 months as independent · 1 listed board · 1 committee seat
- BALAJI NUTHALAPADIExecutive · joined Mar 2025 · reappointed Mar 2025 · 18 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.
1 director who left
- SAMIR KUMAR BARUA, left 23 Sep 2026: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 16 Sep 202611 of 11 present9 independent · 21 days in between
- 25 Aug 202611 of 11 present9 independent · 27 days in between
- 28 Jul 202610 of 11 present8 independent · 33 days in between
- 24 Jun 202610 of 11 present8 independent
Audit Committee
Chair KEEZHAYUR SOWRIRAJAN SAMPATH
ASURI RAMESH RANGAN SHOLINGHUR, NAVIN PURI, GULSHAN RAI, NARAYANAN RAJAGOPALAN NADADUR
- 25 Sep 20265 of 5 present5 independent · 21 days in between
- 3 Sep 20264 of 5 present4 independent · 19 days in between
- 14 Aug 20265 of 5 present5 independent · 17 days in between
- 27 Jul 20265 of 5 present5 independent · 3 days in between
3 earlier meetings
- 23 Jul 20265 of 5 present5 independent · 20 days in between
- 2 Jul 20265 of 5 present5 independent · 9 days in between
- 22 Jun 20265 of 5 present5 independent
Nomination and remuneration committee
Chair KRISHNASWAMY RAMKUMAR
ANIL KUMAR SHARMA, NAVIN PURI, GEEETA DUTTA GOEL
- 21 Sep 20264 of 5 present4 independent · 61 days in between
- 21 Jul 20264 of 5 present4 independent · 26 days in between
- 24 Jun 20264 of 5 present4 independent
Stakeholders Relationship Committee
Chair ANIL KUMAR SHARMA
GEEETA DUTTA GOEL, NARAYANAN RAJAGOPALAN NADADUR, PATHANGI NARASIMHAN VASUDEVAN
- 25 Aug 20264 of 4 present3 independent · 73 days in between
- 12 Jun 20264 of 4 present3 independent
Risk Management Committee
Chair ASURI RAMESH RANGAN SHOLINGHUR
ANIL KUMAR SHARMA, KEEZHAYUR SOWRIRAJAN SAMPATH, PATHANGI NARASIMHAN VASUDEVAN, BALAJI NUTHALAPADI
- 24 Sep 20265 of 5 present3 independent · 64 days in between
- 21 Jul 20265 of 6 present4 independent · 30 days in between
- 20 Jun 20266 of 6 present4 independent
Corporate Social Responsibility Committee
Chair GEEETA DUTTA GOEL
ANIL KUMAR SHARMA, KRISHNASWAMY RAMKUMAR, PATHANGI NARASIMHAN VASUDEVAN
- 8 Jul 20264 of 5 present3 independent · 68 days in between
- 30 Apr 20263 of 5 present2 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 Mar 2026.
- M/s ASA & Associates LLP, Chartered AccountantsPeer-review certificate valid to Mar 2029
- M/s Suri & Co, Chartered AccountantsPeer-review certificate valid to Apr 2027
2 earlier auditors
- M/s. ASA & Associates, LLPNamed in the filing for the quarter to Mar 2025
- M/s. Suri and Co.,Named 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.
Equitas Small Finance 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.Equitas Small Finance Bank dividend history
Annual general meeting, 9 Sep 2026
3,65,457 shareholders on the register on 2 Sep 2026; present: 0 promoters and 146 others; votes counted by CS A Mohan Kumar / M/s.Mohan Kumar & 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 31st March 2026 and the reports of the Board of Directors and the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 59.32% · promoters 0.00% · institutions 83.11% · other public 2.01%
- To appoint a Director in place of Mr. Balaji Nuthalapadi (DIN: 08198456) who retires by rotation and being eligible, offers himself for re-appointmentOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.53%
Turnout: all 59.34% · promoters 0.00% · institutions 83.13% · other public 2.01%
- To appoint M/s. Sundaram & Srinivasan, Chartered Accountants (Firm Registration No.: 004207S) as one of the Joint Statutory Auditors of the BankOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 59.34% · promoters 0.00% · institutions 83.13% · other public 2.01%
- To fix the Remuneration payable to the Joint Statutory Auditors for the Financial Year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 59.34% · promoters 0.00% · institutions 83.13% · other public 2.01%
- To re-appoint Mr. Vasudevan P N (DIN: 01550885) as the Managing Director & Chief Executive OfficerOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.55%
Turnout: all 59.34% · promoters 0.00% · institutions 83.13% · other public 2.01%
- To fix the remuneration payable to Mr. Vasudevan P N (DIN: 01550885) as the Managing Director & Chief Executive OfficerOrdinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.03% · other public 0.35%
Turnout: all 59.34% · promoters 0.00% · institutions 83.13% · other public 2.01%
- To fix the remunerationpayable to Mr. Balaji Nuthalapadi (DIN: 08198456) as the Executive Director (Whole-Time Director)Ordinary99.89% for0.11% against
Against: promoters 0.00% · institutions 0.03% · other public 7.64%
Turnout: all 59.34% · promoters 0.00% · institutions 83.13% · other public 2.01%
- To re-appoint Ms. Geeta Dutta Goel (DIN: 02277155) as an Independent DirectorSpecial99.73% for0.27% against
Against: promoters 0.00% · institutions 0.27% · other public 0.48%
Turnout: all 59.34% · promoters 0.00% · institutions 83.13% · other public 2.01%
- To issue Redeemable Unsecured NonConvertible Debentures / Bonds / Other debt securities on a private placement basisSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 59.34% · promoters 0.00% · institutions 83.13% · other public 2.01%
Approval to raisecapital by way of a Qualified Institutions Placement to eligible investors through an issuance of equity shares or other eligible securities for an amount aggregating up to Rs.1250 croresMoreLess
Special95.92% for4.08% againstAgainst: promoters 0.00% · institutions 4.12% · other public 0.10%
Turnout: all 59.34% · promoters 0.00% · institutions 83.13% · other public 2.01%
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, 10 Sep 2025, 7 resolutions
4,33,192 shareholders on the register on 3 Sep 2025; present: 0 promoters and 98 others; votes counted by CS A Mohan Kumar / M/s.Mohan Kumar & Associates.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Bank for Financial Year ended 31st March 2025 and the reports of the Board of Directors and the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 56.69% · promoters 0.00% · institutions 84.45% · other public 2.34%
- To appoint a Director in place of Mr. Vasudevan P N (DIN: 01550885), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.62%
Turnout: all 56.71% · promoters 0.00% · institutions 84.48% · other public 2.34%
- To fix the remuneration payable to Joint Statutory Auditors for Financial Year 2025-26Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.30%
Turnout: all 56.71% · promoters 0.00% · institutions 84.48% · other public 2.34%
- To fix the remuneration payable to Mr. Vasudevan P N (DIN: 01550885) as the Managing Director and Chief Executive OfficerOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.54%
Turnout: all 56.71% · promoters 0.00% · institutions 84.48% · other public 2.34%
- To appoint Shanmugam Rajendran and Associates LLP as Secretarial Auditor of the Bank for a term of 5 consecutive years from FY 2025-2026 to FY 2029-2030Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.31%
Turnout: all 56.71% · promoters 0.00% · institutions 84.48% · other public 2.34%
- To re-appoint Mr. Ramesh Rangan (DIN: 07586413) as an Independent DirectorSpecial99.71% for0.29% against
Against: promoters 0.00% · institutions 0.12% · other public 12.24%
Turnout: all 56.71% · promoters 0.00% · institutions 84.48% · other public 2.34%
- To issue Redeemable Unsecured Non-Convertible Debentures Bonds other debt securities on a private placement basisSpecial99.19% for0.81% against
Against: promoters 0.00% · institutions 0.65% · other public 12.24%
Turnout: all 56.71% · promoters 0.00% · institutions 84.48% · other public 2.34%
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, 22 Jul 2025, 1 resolution
4,60,538 shareholders on the register on 13 Jun 2025; votes counted by CS A Mohan Kumar / Mohan Kumar & Associates.The company's voting result (opens in a new tab)
Approval to raise capital by way of a qualified institutions placement to eligible investors through an issuance of equity shares or other eligible securities for an amount aggregating up to Rs.1,250 croresMoreLess
Special99.46% for0.54% againstAgainst: promoters 0.00% · institutions 0.03% · other public 29.23%
Turnout: all 54.65% · promoters 0.00% · institutions 81.49% · other public 2.81%
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, 15 Jun 2025, 2 resolutions
4,63,896 shareholders on the register on 9 May 2025; votes counted by A. Mohan Kumar / Mohan Kumar & Associates.The company's voting result (opens in a new tab)
- Appointment of Mr. Balaji Nuthalapadi (DIN: 08198456) as a Whole Time Director (Executive Director) of the BankOrdinary99.91% for0.09% against
Against: promoters 0.00% · institutions 0.08% · other public 1.13%
Turnout: all 55.10% · promoters 0.00% · institutions 83.61% · other public 2.16%
- Fixing Remuneration payable to Mr. Balaji Nuthalapadi (DIN: 08198456) as a Whole Time Director (Executive Director) of the BankOrdinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.03% · other public 1.46%
Turnout: all 55.10% · promoters 0.00% · institutions 83.61% · other public 2.16%
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, 10 Sep 2024, 13 resolutions
Present: 0 promoters and 107 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 March 31, 2024 and the reports of the Board of Directors and the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 53.57% · promoters 0.00% · institutions 82.24% · other public 2.31%
- To declare Dividend for the financial year 2023-24Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 53.59% · promoters 0.00% · institutions 82.26% · other public 2.31%
- To appoint a Director in place of Mr. Vasudevan P N (DIN: 01550885), who retiresnby rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 53.59% · promoters 0.00% · institutions 82.26% · other public 2.31%
- To appoint M/s. Suri & Co., Chartered Accountants (Firm registration number: 004283S) as one of the Joint Statutory Auditors of the BankOrdinary99.26% for0.74% against
Against: promoters 0.00% · institutions 0.75% · other public 0.13%
Turnout: all 50.71% · promoters 0.00% · institutions 77.78% · other public 2.31%
- Fixing of remuneration of Joint Statutory Auditors for the financial year 2024-25Ordinary99.26% for0.74% against
Against: promoters 0.00% · institutions 0.75% · other public 0.27%
Turnout: all 50.71% · promoters 0.00% · institutions 77.78% · other public 2.31%
- Fixing Remuneration payable to Mr. Vasudevan P N (DIN: 01550885) as the ManagingnDirector & CEOOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.01% · other public 0.37%
Turnout: all 53.59% · promoters 0.00% · institutions 82.26% · other public 2.31%
- Appointment of Mr. Narayanan Rajagopalan Nadadur (DIN: 07877022) as an Independent Director of the BankSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 53.59% · promoters 0.00% · institutions 82.26% · other public 2.31%
- Appointment of Mr. Keezhayur Sowrirajan Sampath (DIN: 07924755) as an Independent Director of the BankSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 53.59% · promoters 0.00% · institutions 82.26% · other public 2.31%
- Appointment of Mr. Ramkumar Krishnaswamy (DIN: 00244711) as an Independent Director of the BankSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 53.59% · promoters 0.00% · institutions 82.26% · other public 2.31%
- Re-appointment of Mr. Navin Puri (DIN: 08493643) as an Independent DirectorSpecial97.22% for2.78% against
Against: promoters 0.00% · institutions 2.82% · other public 0.36%
Turnout: all 53.59% · promoters 0.00% · institutions 82.26% · other public 2.31%
- Issuance of Redeemable Unsecured NonConvertible Debentures / Bonds / other debt securities on a private placement basisSpecial99.60% for0.40% against
Against: promoters 0.00% · institutions 0.40% · other public 0.34%
Turnout: all 53.59% · promoters 0.00% · institutions 82.26% · other public 2.31%
- To approve the alteration of Articles of Association of the BankSpecial99.73% for0.27% against
Against: promoters 0.00% · institutions 0.25% · other public 1.16%
Turnout: all 53.59% · promoters 0.00% · institutions 82.26% · other public 2.31%
- Approval of Borrowing limitsSpecial99.60% for0.40% against
Against: promoters 0.00% · institutions 0.40% · other public 0.11%
Turnout: all 53.59% · promoters 0.00% · institutions 82.26% · other public 2.31%
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 Jun 2024, 3 resolutions
The company's voting result (opens in a new tab)
- Appointment of Dr. Gulshan Rai (DIN: 01594321) as Independent Director of the BankSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.46%
Turnout: all 58.01% · promoters 0.00% · institutions 84.10% · other public 3.29%
- Appointment of Mr. Anil Kumar Sharma (DIN: 08537123) as Independent Director of the BankSpecial98.95% for1.05% against
Against: promoters 0.00% · institutions 0.89% · other public 9.86%
Turnout: all 58.01% · promoters 0.00% · institutions 84.10% · other public 3.29%
- Appointment of Mr. Anil Kumar Sharma (DIN: 08537123) as Part-time Chairman of the BankOrdinary99.09% for0.91% against
Against: promoters 0.00% · institutions 0.89% · other public 2.08%
Turnout: all 58.01% · promoters 0.00% · institutions 84.10% · other public 3.29%
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, 29 Aug 2023, 8 resolutions
Present: 0 promoters and 135 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 31st March 2023 and the reports of the Board of Directors and the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 55.25% · promoters 0.00% · institutions 80.18% · other public 5.77%
- To appoint a Director in place of Mr. Vasudevan P N (DIN: 01550885), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary99.66% for0.34% against
Against: promoters 0.00% · institutions 0.34% · other public 0.11%
Turnout: all 55.30% · promoters 0.00% · institutions 80.26% · other public 5.77%
- To declare Dividend on Equity Shares for the financial year 2022-23Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 55.30% · promoters 0.00% · institutions 80.26% · other public 5.77%
- To appoint M/s. A S A & Associates LLP, Chartered Accountants (Firm Registration Number : 009571N/N500006) as one of the Joint Statutory Auditors of the BankOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 52.33% · promoters 0.00% · institutions 75.80% · other public 5.77%
- Fixing of remuneration of Joint Statutory Auditors for the audit of Bank’s financial statements for the financial year 2023-24Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 52.33% · promoters 0.00% · institutions 75.80% · other public 5.77%
- Re-appointment of Mr. Vasudevan P N (DIN: 01550885) as Managing Director & Chief Executive OfficerOrdinary99.67% for0.34% against
Against: promoters 0.00% · institutions 0.34% · other public 0.09%
Turnout: all 55.30% · promoters 0.00% · institutions 80.26% · other public 5.77%
- Fixing Remuneration payable to Mr. Vasudevan P N, (DIN: 01550885) as the Managing Director & Chief Executive OfficerOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 55.30% · promoters 0.00% · institutions 80.26% · other public 5.77%
- Approval of Borrowing limitsSpecial99.61% for0.40% against
Against: promoters 0.00% · institutions 0.41% · other public 0.08%
Turnout: all 55.30% · promoters 0.00% · institutions 80.26% · other public 5.77%
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, 22 Sep 2022, 1 resolution
The company's voting result (opens in a new tab)
- Approval of Remuneration payable to Mr. Rohit Gangadharrao Phadke (DIN 07293524) as the Whole Time DirectorSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 4.24%
Turnout: all 44.31% · promoters 34.89% · institutions 92.57% · other public 3.32%
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 9 Sep 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)
- To receive, consider and adopt the Audited Financial Statements of the Bank for the Financial Year ended 31st March 2026 and the reports of the Board of Directors and the Auditors thereon10 for0 against
- To appoint a Director in place of Mr. Balaji Nuthalapadi (DIN: 08198456) who retires by rotation and being eligible, offers himself for re-appointment10 for0 against
- To appoint M/s. Sundaram & Srinivasan, Chartered Accountants (Firm Registration No.: 004207S) as one of the Joint Statutory Auditors of the Bank10 for0 against
- To fix the Remuneration payable to the Joint Statutory Auditors for the Financial Year 2026-2710 for0 against
- To re-appoint Mr. Vasudevan P N (DIN: 01550885) as the Managing Director & Chief Executive Officer10 for0 against
- To fix the remuneration payable to Mr. Vasudevan P N (DIN: 01550885) as the Managing Director & Chief Executive Officer10 for0 against
- To fix the remunerationpayable to Mr. Balaji Nuthalapadi (DIN: 08198456) as the Executive Director (Whole-Time Director)10 for0 against
- To re-appoint Ms. Geeta Dutta Goel (DIN: 02277155) as an Independent Director10 for0 against
- To issue Redeemable Unsecured NonConvertible Debentures / Bonds / Other debt securities on a private placement basis10 for0 against
Approval to raisecapital by way of a Qualified Institutions Placement to eligible investors through an issuance of equity shares or other eligible securities for an amount aggregating up to Rs.1250 croresMoreLess
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 and there exists adequate buffer between CRAR/Tier 1 capital levels and minimum regulatory requirements. Further, no clarity regarding why Rights Issue is not preferred.
9 for1 against
Mutual fund votes, meeting of 10 Sep 2025, 19 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 Financial Year ended 31st March 2025 and the reports of the Board of Directors and the Auditors thereon18 for0 against
- To appoint a Director in place of Mr. Vasudevan P N (DIN: 01550885), who retires by rotation and being eligible, offers himself for re-appointment18 for0 against
- To fix the remuneration payable to Joint Statutory Auditors for Financial Year 2025-2619 for0 against
- To fix the remuneration payable to Mr. Vasudevan P N (DIN: 01550885) as the Managing Director and Chief Executive Officer18 for0 against
- To appoint Shanmugam Rajendran and Associates LLP as Secretarial Auditor of the Bank for a term of 5 consecutive years from FY 2025-2026 to FY 2029-203019 for0 against
- To re-appoint Mr. Ramesh Rangan (DIN: 07586413) as an Independent Director19 for0 against
- To issue Redeemable Unsecured Non-Convertible Debentures Bonds other debt securities on a private placement basis18 for0 against
4 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
- Item 7, as a fund house numbered it1 for0 against
6 earlier meetings
Mutual fund votes, meeting of 22 Jul 2025, 21 fund houses
Approval to raise capital by way of a qualified institutions placement to eligible investors through an issuance of equity shares or other eligible securities for an amount aggregating up to Rs.1,250 croresMoreLess
21 for0 against
Mutual fund votes, meeting of 15 Jun 2025, 21 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Mr. Balaji Nuthalapadi (DIN: 08198456) as a Whole Time Director (Executive Director) of the Bank17 for0 against
- Fixing Remuneration payable to Mr. Balaji Nuthalapadi (DIN: 08198456) as a Whole Time Director (Executive Director) of the Bank16 for0 against
5 proposals not matched to one resolution
- Item 2, as a fund house numbered it1 for0 against
- 1) Appoint Balaji Nuthalapadi (DIN: 08198456) as Director for three years from 29 March 2025, liable to retire by rotation.1 for0 against
- 2) Appoint Balaji Nuthalapadi (DIN: 08198456) as Executive Director, liable to retire by rotation, for three years from 29 March 2025, liable to retire by rotation and fix his remuneration.1 for0 against
- Appoint Balaji Nuthalapadi (DIN: 08198456) as Director for three years from 29 March 2025, liable to retire by rotation3 for0 against
- Appoint Balaji Nuthalapadi (DIN: 08198456) as Executive Director, liable to retire by rotation, for three years from 29 March 2025, liable to retire by rotation and fix his remuneration3 for0 against
Mutual fund votes, meeting of 10 Sep 2024, 21 fund houses
- To receive, consider and adopt the Audited financial statements of the Bank for the financial year ended March 31, 2024 and the reports of the Board of Directors and the Auditors thereon21 for0 against
- To declare Dividend for the financial year 2023-2421 for0 against
- To appoint a Director in place of Mr. Vasudevan P N (DIN: 01550885), who retiresnby rotation and being eligible, offers himself for re-appointment21 for0 against
- To appoint M/s. Suri & Co., Chartered Accountants (Firm registration number: 004283S) as one of the Joint Statutory Auditors of the Bank
Against Bandhan Mutual Fund, Groww Mutual Fund, PGIM India Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, PGIM India Mutual FundNo concern on merit, competence, eligibility of appointee. Governance Concern: The period of shareholder approval exceeds the period of RBI approval. Concern arising due to inconsistency in legal provisions although the Bank cannot be faulted.
18 for3 against - Fixing of remuneration of Joint Statutory Auditors for the financial year 2024-25
Against Bandhan Mutual Fund, Groww Mutual Fund, PGIM India Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, PGIM India Mutual FundNo concern on merit, competence, eligibility of appointee and proposed remuneration. Governance Concern: Interlinked with resolution #4, although no major concern has been identified w.r.t. quantum of remuneration per-se.
18 for3 against - Fixing Remuneration payable to Mr. Vasudevan P N (DIN: 01550885) as the ManagingnDirector & CEO21 for0 against
- Appointment of Mr. Narayanan Rajagopalan Nadadur (DIN: 07877022) as an Independent Director of the Bank21 for0 against
- Appointment of Mr. Keezhayur Sowrirajan Sampath (DIN: 07924755) as an Independent Director of the Bank21 for0 against
- Appointment of Mr. Ramkumar Krishnaswamy (DIN: 00244711) as an Independent Director of the Bank21 for0 against
- Re-appointment of Mr. Navin Puri (DIN: 08493643) as an Independent Director
Against Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, PGIM India Mutual FundNo concern on the merits of proposed appointee. Non-compliance with section 149 of the Companies Act, 2013: Prior approval of shareholders not obtained for re-appointment. Governance Concern: Board is non-compliant with requisite number of Whole Time Directors and the Director is a NRC Member who is entrusted with the responsibility to oversee that board composition is compliant.
- Motilal Oswal Mutual FundNon Compliant with companies act
16 for5 against - Issuance of Redeemable Unsecured NonConvertible Debentures / Bonds / other debt securities on a private placement basis21 for0 against
- To approve the alteration of Articles of Association of the Bank21 for0 against
- Approval of Borrowing limits21 for0 against
Mutual fund votes, meeting of 6 Jun 2024, 20 fund houses
- Appointment of Dr. Gulshan Rai (DIN: 01594321) as Independent Director of the Bank20 for0 against
- Appointment of Mr. Anil Kumar Sharma (DIN: 08537123) as Independent Director of the Bank20 for0 against
- Appointment of Mr. Anil Kumar Sharma (DIN: 08537123) as Part-time Chairman of the Bank20 for0 against
Mutual fund votes, meeting of 29 Aug 2023, 17 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 31st March 2023 and the reports of the Board of Directors and the Auditors thereon17 for0 against
- To appoint a Director in place of Mr. Vasudevan P N (DIN: 01550885), who retires by rotation and being eligible, offers himself for re-appointment17 for0 against
- To declare Dividend on Equity Shares for the financial year 2022-2317 for0 against
- To appoint M/s. A S A & Associates LLP, Chartered Accountants (Firm Registration Number : 009571N/N500006) as one of the Joint Statutory Auditors of the Bank17 for0 against
- Fixing of remuneration of Joint Statutory Auditors for the audit of Bank’s financial statements for the financial year 2023-2417 for0 against
- Re-appointment of Mr. Vasudevan P N (DIN: 01550885) as Managing Director & Chief Executive Officer17 for0 against
- Fixing Remuneration payable to Mr. Vasudevan P N, (DIN: 01550885) as the Managing Director & Chief Executive Officer16 for0 against
- Approval of Borrowing limits6 for0 against
2 proposals not matched to one resolution
- Fixing Remuneration payable to Mr. Vasudevan P N, (DIN: 01550885) as the MD & CEO of the Bank for a further term of three years with effect from July 23, 2023.1 for0 against
To borrow money from such person or persons including, banks, institutions, corporates etc., on such terms and conditions as it may think fit up to an aggregate sum of Rs. 12,000 crore as cap on borrowings outstanding at any point in time, notwithstanding that the monies to be borrowed together with the monies already borrowed by the Bank (apart from temporary loans obtained or to be obtained in the ordinary course of business) exceed the aggregate of the paid up capital of the Bank, securities premium and its free reserves.MoreLess
11 for0 against
Mutual fund votes, meeting of 22 Sep 2022, 9 fund houses
- Approval of Remuneration payable to Mr. Rohit Gangadharrao Phadke (DIN 07293524) as the Whole Time Director9 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 penaltyRBI BO – MumbaiSince 19 Aug 2026
Award passed for Rs.50,000 towards the complainant
BO advisory related to a procedural lapse in disbursing loans against additional vehicles without the asset owner's explicit consent. - Tax disputeNational Faceless Assessment Centre, Income TaxSince 19 Mar 2025Appeal filed with CIT (Appeals)
- Tax disputeDeputy Commissioner of Income Tax, Corporate Circle(I)Since 29 Mar 2025Appeal filed with CIT (Appeals)
- Tax disputeOffice of the Deputy Commissioner (ST), CentralIII Zone, Commercial Taxes Department, Government of Tamil NaduSince 21 Sep 2026
Personal hearing in relation to the SCN was held on September 25, 2026.Following the personal hearing and the subsequent communication dated September 28, 2026 issued by the GST authority, the aggregate amount proposed to be assessed has been substantially reduced from Rs.533,81,24,251/- to Rs.23,95,12,141/-. The revised amount comprises tax of Rs.21,67,28,670/-,interest of Rs.11,10,604/- and penalty of Rs.2,16,72,867/-MoreLess
At the filing before: Not Applicable as the same was received in Q2 of FY 2026-2027
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.