Last close ₹1,394.20down ₹4.30 (0.31%)BSE ₹1,395.00
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,398.50.
52-week range of traded prices to 23 Oct 2026
₹1,187.60Low, 2 Apr 2026₹1,480.00High, 20 Jul 2026
- 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.
- ₹10,00,861 Cr5th 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 17 Oct 2026
- 16.9
- 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 17 Oct 2026
- 2.4
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.86%
- 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 17 Oct 2026
- 15.5%
- 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. For the whole group.
- 4.20%
- 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. For the company alone, not its group: the regulator measures it company by company.
- 1.20%
- 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. For the company alone, not its group: the regulator measures it company by company.
- 0.30%
- 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. For the company alone, not its group: the regulator measures it company by company.
- 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. For the whole group.
- 2.09%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,15,73,22164.3% delivered
ICICI Bank board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonPradeep Kumar Sinha
- Managing director and CEOSandeep Suraj Bakhshi
- Company Secretary and Compliance OfficerPrachiti Lalingkar
12 directors8 independent4 executive
- Pradeep Kumar Sinha · ChairpersonIndependent · joined Feb 2024 · reappointed Feb 2024 · 28 months as independent · 2 listed boards · 2 as independent
- Subramanian MadhavanIndependent · joined Apr 2019 · reappointed Apr 2024 · 86 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 4 as chair
- Balasubramanyam SriramIndependent · joined Jan 2019 · reappointed Jan 2024 · 89 months as independent · 5 listed boards · 5 as independent · 4 committee seats, 1 as chair
- Vibha Paul RishiIndependent · joined Jan 2022 · reappointed Jan 2022 · 53 months as independent · 4 listed boards · 4 as independent · 3 committee seats, 1 as chair
- Rohit BhasinIndependent · joined Jul 2024 · reappointed Jul 2024 · 23 months as independent · 5 listed boards · 5 as independent · 9 committee seats, 5 as chair
- Punit SoodIndependent · joined Oct 2024 · reappointed Oct 2024 · 20 months as independent · 2 listed boards · 2 as independent · 2 committee seats
- Iyer Vijayalakshmi RIndependent · joined Dec 2025 · reappointed Dec 2025 · 6 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 1 as chair
- Ashwani BhatiaIndependent · joined Jun 2026 · reappointed Jun 2026 · 1 month as independent · 2 listed boards · 2 as independent · 1 committee seat, 1 as chair
- Sandeep Suraj Bakhshi · Managing director and CEOExecutive · joined Oct 2018 · reappointed Oct 2023 · 1 listed board
- Sandeep BatraExecutive · joined Dec 2020 · reappointed Dec 2025 · 4 listed boards · 3 committee seats
- Rakesh JhaExecutive · joined Sep 2022 · reappointed Sep 2025 · 3 listed boards · 1 committee seat, 1 as chair
- Ajay Kumar GuptaExecutive · joined Mar 2024 · reappointed Mar 2024 · 2 listed boards · 3 committee seats
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
- Radhakrishna Nair, left 2 May 2026: Tenure Completion
- Neelam Dhawan, left 12 Jan 2026: Tenure Completion
- Hari Lakshminarayan Mundra, left 25 Oct 2024: Tenure Completion
- Uday Madhav Chitale, left 19 Oct 2024: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 29 Jun 202612 of 12 present8 independent · 71 days in between
- 18 Apr 202612 of 12 present8 independent · 17 days in between
- 31 Mar 202612 of 12 present8 independent · 32 days in between
- 26 Feb 202611 of 12 present7 independent · 39 days in between
1 earlier meeting
- 17 Jan 202612 of 12 present8 independent
Audit Committee
Chair Subramanian Madhavan
Rohit Bhasin, Punit Sood
- 29 Jun 20263 of 3 present3 independent · 72 days in between
- 17 Apr 20263 of 3 present3 independent · no day in between
- 16 Apr 20263 of 3 present3 independent · 53 days in between
- 21 Feb 20263 of 3 present3 independent · 35 days in between
2 earlier meetings
- 16 Jan 20263 of 3 present3 independent · no day in between
- 15 Jan 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Punit Sood
Pradeep Kumar Sinha, Balasubramanyam Sriram, Rohit Bhasin
- 17 Apr 20263 of 3 present3 independent · 90 days in between
- 16 Jan 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Ashwani Bhatia
Sandeep Batra, Ajay Kumar Gupta
- 16 Apr 20263 of 3 present1 independent · 48 days in between
- 26 Feb 20263 of 3 present1 independent · 40 days in between
- 16 Jan 20263 of 3 present1 independent
Risk Management Committee
Chair Rohit Bhasin
Subrmanian Madhavan, Vibha Paul Rishi, Sandeep Batra
- 23 Jun 20264 of 4 present3 independent
- 9 Jun 20264 of 4 present3 independent · 52 days in between
- 17 Apr 20264 of 4 present3 independent · 16 days in between
- 31 Mar 20264 of 4 present3 independent · 10 days in between
3 earlier meetings
- 20 Mar 20264 of 4 present3 independent · 26 days in between
- 21 Feb 20264 of 4 present3 independent · 36 days in between
- 15 Jan 20264 of 4 present3 independent
Corporate Social Responsibility Committee
Chair Pradeep Kumar Sinha
Iyer Vijayalakshmi R, Rakesh Jha
- 25 Jun 20264 of 4 present3 independent · 1 day in between
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.
- B S R & Co LLPPeer-review certificate valid to Jul 2028
- C N K & Associates LLPPeer-review certificate valid to Jul 2027
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.
ICICI 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.ICICI Bank dividend history
Annual general meeting, 21 Aug 2026
21,69,139 shareholders on the register on 14 Aug 2026; present: 0 promoters and 222 others; votes counted by Ms. Vinita Nair / Vinod Kothari & Company.The company's voting result (opens in a new tab)
- Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026 together with the Reports of the Directors and the Auditors thereonOrdinary99.65% for0.35% against
Against: promoters 0.00% · institutions 0.35% · other public 0.20%
Turnout: all 82.80% · promoters 0.00% · institutions 89.43% · other public 3.67%
- Declaration of dividend on equity shares for the year ended March 31, 2026Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.04% · other public 0.19%
Turnout: all 82.83% · promoters 0.00% · institutions 89.46% · other public 3.67%
- Re-appointment of Mr. Sandeep Bakhshi as a Director (DIN: 00109206), who retires by rotation and, being eligible, offers himself for re-appointmentOrdinary96.12% for3.88% against
Against: promoters 0.00% · institutions 3.89% · other public 0.40%
Turnout: all 82.82% · promoters 0.00% · institutions 89.46% · other public 3.45%
- Appointment of Mr. Ashwani Bhatia (DIN: 07423221) as an Independent Director of the Bank, for a term of five years with effect from June 1, 2026Special99.05% for0.95% against
Against: promoters 0.00% · institutions 0.95% · other public 0.33%
Turnout: all 82.78% · promoters 0.00% · institutions 89.41% · other public 3.66%
- Appointment of Mr. Mrugank Paranjape (DIN: 02162026) as an Independent Director of the Bank for a term of five years with effect from August 1, 2026Special97.62% for2.38% against
Against: promoters 0.00% · institutions 2.39% · other public 0.34%
Turnout: all 82.78% · promoters 0.00% · institutions 89.41% · other public 3.67%
- Re-appointment of Ms. Vibha Paul Rishi (DIN: 05180796) as an Independent Director of the Bank, for a second term commencing from January 23, 2027 to December 31, 2028Special95.21% for4.79% against
Against: promoters 0.00% · institutions 4.80% · other public 0.38%
Turnout: all 82.83% · promoters 0.00% · institutions 89.46% · other public 3.67%
- Revision in remuneration of Mr. Sandeep Bakhshi (DIN: 00109206), Managing Director & Chief Executive Officer of the BankOrdinary99.02% for0.98% against
Against: promoters 0.00% · institutions 0.98% · other public 0.53%
Turnout: all 82.82% · promoters 0.00% · institutions 89.46% · other public 3.46%
- Revision in remuneration of Mr. Sandeep Batra (DIN: 03620913), Executive Director of the BankOrdinary99.01% for0.99% against
Against: promoters 0.00% · institutions 0.99% · other public 0.71%
Turnout: all 82.83% · promoters 0.00% · institutions 89.46% · other public 3.66%
- Revision in remuneration of Mr. Rakesh Jha (DIN: 00042075), Executive Director of the BankOrdinary99.01% for0.99% against
Against: promoters 0.00% · institutions 0.99% · other public 0.72%
Turnout: all 82.83% · promoters 0.00% · institutions 89.46% · other public 3.65%
- Revision in remuneration of Mr. Ajay Kumar Gupta (DIN: 07580795), Executive Director of the BankOrdinary99.01% for0.99% against
Against: promoters 0.00% · institutions 0.99% · other public 0.71%
Turnout: all 82.83% · promoters 0.00% · institutions 89.46% · other public 3.66%
- Re-appointment of Mr. Sandeep Bakhshi (DIN: 00109206) as the Managing Director & Chief Executive Officer of the Bank, for a period of two years with effect from October 4, 2026Ordinary96.81% for3.19% against
Against: promoters 0.00% · institutions 3.20% · other public 0.39%
Turnout: all 82.82% · promoters 0.00% · institutions 89.46% · other public 3.46%
- Re-appointment of Mr. Ajay Kumar Gupta (DIN: 07580795) as the Whole-time Director (designated as Executive Director) of the Bank, for a period of two years with effect from November 27, 2026Ordinary96.90% for3.10% against
Against: promoters 0.00% · institutions 3.11% · other public 0.37%
Turnout: all 82.83% · promoters 0.00% · institutions 89.46% · other public 3.66%
- Material Related Party Transactions of the Bank with ICICI Prudential Life Insurance Company Limited, a subsidiary of the Bank, for FY2028Ordinary99.94% for0.06% against
Against: promoters 0.00% · institutions 0.06% · other public 0.33%
Turnout: all 82.77% · promoters 0.00% · institutions 89.45% · other public 3.07%
- Material Related Party Transactions of the Bank with ICICI Lombard General Insurance Company Limited, a subsidiary of the Bank, for FY2028Ordinary99.94% for0.06% against
Against: promoters 0.00% · institutions 0.06% · other public 0.34%
Turnout: all 82.77% · promoters 0.00% · institutions 89.45% · other public 3.07%
- Material Related Party Transactions of the Bank with India Infradebt Limited, an associate of the Bank, for FY2028Ordinary99.94% for0.06% against
Against: promoters 0.00% · institutions 0.06% · other public 0.36%
Turnout: all 82.77% · promoters 0.00% · institutions 89.45% · other public 3.06%
- Material Related Party Transactions of ICICI Securities Primary Dealership Limited, a subsidiary of the Bank with ICICI Prudential Life Insurance Company Limited, a subsidiary of the Bank, for FY2028Ordinary99.94% for0.06% against
Against: promoters 0.00% · institutions 0.06% · other public 0.35%
Turnout: all 82.77% · promoters 0.00% · institutions 89.45% · other public 3.07%
- Material Related Party Transactions of ICICI Securities Primary Dealership Limited, a subsidiary of the Bank, with ICICI Lombard General Insurance Company Limited, a subsidiary of the Bank, for FY2028Ordinary99.94% for0.06% against
Against: promoters 0.00% · institutions 0.06% · other public 0.35%
Turnout: all 82.77% · promoters 0.00% · institutions 89.44% · other public 3.07%
- Material Related Party Transactions of ICICI Securities Primary Dealership Limited, a subsidiary of the Bank, with India Infradebt Limited, an associate of the Bank, for FY2028Ordinary99.94% for0.06% against
Against: promoters 0.00% · institutions 0.06% · other public 0.35%
Turnout: all 82.77% · promoters 0.00% · institutions 89.44% · other public 3.07%
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, 25 Feb 2026, 1 resolution
21,64,963 shareholders on the register on 19 Jan 2026; votes counted by Alwyn D’Souza / Alwyn D’Souza & Co..The company's voting result (opens in a new tab)
- Appointment of Ms. Vijayalakshmi Iyer ( DIN : 05242960) as an Indepnedent Director with effect from December 01, 2025Special75.96% for24.04% against
Against: promoters 0.00% · institutions 23.40% · other public 27.40%
Turnout: all 80.48% · promoters 0.00% · institutions 91.42% · other public 49.48%
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, 30 Aug 2025, 24 resolutions
21,00,669 shareholders on the register on 23 Aug 2025; present: 0 promoters and 153 others; votes counted by Ms. Vinita Nair / Vinod Kothari & Company.The company's voting result (opens in a new tab)
- Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2025 together with the Reports of the Directors and the Auditors thereonOrdinary99.51% for0.49% against
Against: promoters 0.00% · institutions 0.49% · other public 0.12%
Turnout: all 67.70% · promoters 0.00% · institutions 91.57% · other public 0.78%
- Declaration of dividend on equity shares for the year ended March 31, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 67.77% · promoters 0.00% · institutions 91.65% · other public 0.78%
- Re-appointment of Mr. Sandeep Batra as a Director (DIN: 03620913), who retires by rotation and, being eligible, offers himself for re-appointmentOrdinary98.43% for1.57% against
Against: promoters 0.00% · institutions 1.57% · other public 0.40%
Turnout: all 67.76% · promoters 0.00% · institutions 91.65% · other public 0.78%
Re-appointment of M/s. B S R & Co. LLP, Chartered Accountants (Registration No. 101248W/W100022) as one of the Joint Statutory Auditors of the Bank, to hold office from the conclusion of Thirty-First AGM till the conclusion of the Thirty-Third AGM of the BankMoreLess
Ordinary99.26% for0.74% againstAgainst: promoters 0.00% · institutions 0.74% · other public 0.32%
Turnout: all 67.77% · promoters 0.00% · institutions 91.65% · other public 0.78%
Re-appointment of M/s. C N K & Associates LLP, Chartered Accountants (Registration No. 101961W/W100036) as one of the Joint Statutory Auditors of the Bank, to hold office from the conclusion of Thirty-First AGM till the conclusion of the Thirty-Third AGM of the Bank.MoreLess
Ordinary99.25% for0.75% againstAgainst: promoters 0.00% · institutions 0.76% · other public 0.31%
Turnout: all 67.77% · promoters 0.00% · institutions 91.65% · other public 0.78%
Appointment of M/s. Parikh Parekh & Associates, Companies Secretaries (Firm Unique Code: P1987MH010000) as Secretarial Auditor of the Bank, to hold office for a term of five consecutive years, with effect from the financial year ending March 31, 2026 till the financial year ending March 31, 2030MoreLess
Ordinary99.26% for0.74% againstAgainst: promoters 0.00% · institutions 0.74% · other public 0.29%
Turnout: all 67.70% · promoters 0.00% · institutions 91.57% · other public 0.78%
- Revision in remuneration of Mr. Sandeep Bakhshi (DIN: 00109206), Managing Director & Chief Executive Officer of the BankOrdinary99.70% for0.30% against
Against: promoters 0.00% · institutions 0.30% · other public 1.19%
Turnout: all 67.76% · promoters 0.00% · institutions 91.65% · other public 0.78%
- Revision in remuneration of Mr. Sandeep Batra (DIN: 03620913), Executive Director of the BankOrdinary99.70% for0.30% against
Against: promoters 0.00% · institutions 0.30% · other public 0.62%
Turnout: all 67.76% · promoters 0.00% · institutions 91.65% · other public 0.78%
- Revision in remuneration of Mr. Rakesh Jha (DIN: 00042075), Executive Director of the BankOrdinary99.70% for0.30% against
Against: promoters 0.00% · institutions 0.30% · other public 0.61%
Turnout: all 67.76% · promoters 0.00% · institutions 91.65% · other public 0.78%
- Revision in remuneration of Mr. Ajay Kumar Gupta (DIN: 07580795), Executive Director of the BankOrdinary99.70% for0.30% against
Against: promoters 0.00% · institutions 0.30% · other public 1.20%
Turnout: all 67.76% · promoters 0.00% · institutions 91.65% · other public 0.78%
- Re-appointment of Mr. Sandeep Batra (DIN: 03620913) as a Whole-time Director (designated as Executive Director) of the Bank, for a period of two years with effect from December 23, 2025Ordinary99.04% for0.96% against
Against: promoters 0.00% · institutions 0.96% · other public 0.45%
Turnout: all 67.76% · promoters 0.00% · institutions 91.65% · other public 0.78%
- Modification of earlier approved Material Related Party Transactions pertaining to foreign exchange and derivative transactions by the Bank with the Related Party for FY2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.36%
Turnout: all 67.74% · promoters 0.00% · institutions 91.65% · other public 0.68%
- Material Related Party Transactions for purchase of additional shareholding of upto 2% of ICICI Prudential Asset Management Company Limited by the BankOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.27%
Turnout: all 67.74% · promoters 0.00% · institutions 91.65% · other public 0.68%
- Material Related Party Transactions by ICICI Securities Primary Dealership Limited, Subsidiary of the Bank for FY2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 67.74% · promoters 0.00% · institutions 91.65% · other public 0.68%
Material Related Party Transactions for (i) Investment in securities issued by the Related Parties (ii) Purchase/sale of securities from/to Related Parties in secondary market (issued by related or unrelated parties) by the Bank for FY2027MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.29%
Turnout: all 67.74% · promoters 0.00% · institutions 91.65% · other public 0.68%
- Material Related Party Transactions for granting of fund based and/or non-fund based credit facilities by the Bank to the Related Party for FY2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 67.74% · promoters 0.00% · institutions 91.65% · other public 0.68%
- Material Related Party Transactions for purchase/sale of loans by the Bank from/to the Related Party for FY2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.32%
Turnout: all 67.74% · promoters 0.00% · institutions 91.65% · other public 0.68%
- Material Related Party Transactions for undertaking repurchase (repo) transactions and other permitted short-term borrowing transactions by the Bank with the Related Parties for FY2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 67.74% · promoters 0.00% · institutions 91.65% · other public 0.68%
- Material Related Party Transactions for undertaking reverse repurchase (reverse repo) transactions and other permitted short-term lending transactions by the Bank with the Related Parties for FY2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.30%
Turnout: all 67.74% · promoters 0.00% · institutions 91.65% · other public 0.68%
- Material Related Party Transactions pertaining to foreign exchange and derivative transactions by the Bank with the Related Parties for FY2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.31%
Turnout: all 67.74% · promoters 0.00% · institutions 91.65% · other public 0.68%
- Material Related Party Transactions for availing insurance services by the Bank from the Related Party for FY2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.29%
Turnout: all 67.74% · promoters 0.00% · institutions 91.65% · other public 0.68%
- Material Related Party Transactions for providing grant by the Bank to the Related Party for undertaking Corporate Social Responsibility (CSR) projects/activities of the Bank for FY2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.29%
Turnout: all 67.74% · promoters 0.00% · institutions 91.65% · other public 0.68%
- Material Related Party Transactions by ICICI Prudential Life Insurance Company Limited, Subsidiary of the Bank for FY2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 67.74% · promoters 0.00% · institutions 91.65% · other public 0.68%
- Material Related Party Transactions by ICICI Securities Primary Dealership Limited, Subsidiary of the Bank for FY2027Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.27%
Turnout: all 67.74% · promoters 0.00% · institutions 91.65% · other public 0.68%
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 Nov 2024, 1 resolution
The company's voting result (opens in a new tab)
- Appointment of Mr. Punit Sood (DIN: 00033799) as an Independent Director with effect from October 1, 2024Special99.78% for0.22% against
Against: promoters 0.00% · institutions 0.28% · other public 0.01%
Turnout: all 85.69% · promoters 0.00% · institutions 91.02% · other public 71.22%
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, 29 Aug 2024, 28 resolutions
Present: 0 promoters and 203 others.The company's voting result (opens in a new tab)
- Adoption of audited standalone and consolidated financial statements for the financial year nended March 31, 2024 together with the Reports of the Directors and the Auditors thereonOrdinary99.90% for0.10% against
Against: promoters 0.00% · institutions 0.13% · other public 0.00%
Turnout: all 85.40% · promoters 0.00% · institutions 90.56% · other public 71.65%
- Declaration of dividend on equity shares for the year ended March 31, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 85.46% · promoters 0.00% · institutions 90.64% · other public 71.65%
- Re-appointment of Mr. Rakesh Jha as a Director (DIN: 00042075), who retires by rotation nand, being eligible, offers himself for re-appointmentOrdinary98.66% for1.34% against
Against: promoters 0.00% · institutions 1.73% · other public 0.00%
Turnout: all 85.45% · promoters 0.00% · institutions 90.63% · other public 71.65%
Appointment of M/s. B S R & Co. LLP, Chartered Accountants (Registration No. n101248W/W100022) as one of the Joint Statutory Auditors of the Bank to hold office from the nconclusion of Thirtieth AGM till the conclusion of the Thirty-First AGM of the BankMoreLess
Ordinary99.85% for0.15% againstAgainst: promoters 0.00% · institutions 0.19% · other public 0.00%
Turnout: all 85.45% · promoters 0.00% · institutions 90.63% · other public 71.65%
Appointment of M/s. C N K & Associates LLP, Chartered Accountants (Registration No. n101961W/W100036) as one of the Joint Statutory Auditors of the Bank to hold office from the nconclusion of Thirtieth AGM till the conclusion of the Thirty-First AGM of the BankMoreLess
Ordinary99.85% for0.15% againstAgainst: promoters 0.00% · institutions 0.19% · other public 0.00%
Turnout: all 85.45% · promoters 0.00% · institutions 90.63% · other public 71.65%
Payment of remuneration to M/s. M S K A & Associates, Chartered Accountants (Registration nNo. 105047W) and M/s. KKC & Associates LLP, Chartered Accountants (formerly M/s. Khimji nKunverji & Co LLP) (Registration No. 105146W/W100621), current Joint Statutory Auditors of nthe BankMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 85.45% · promoters 0.00% · institutions 90.63% · other public 71.65%
- Appointment of Mr. Rohit Bhasin (DIN: 02478962) as an Independent Director of the BankSpecial98.95% for1.05% against
Against: promoters 0.00% · institutions 1.36% · other public 0.00%
Turnout: all 85.37% · promoters 0.00% · institutions 90.53% · other public 71.65%
- Revision in remuneration of Mr. Sandeep Bakhshi (DIN: 00109206), Managing Director & nChief Executive Officer of the BankOrdinary99.77% for0.23% against
Against: promoters 0.00% · institutions 0.29% · other public 0.00%
Turnout: all 85.40% · promoters 0.00% · institutions 90.56% · other public 71.65%
- Revision in remuneration of Mr. Sandeep Batra (DIN: 03620913), Executive Director of the nBankOrdinary99.77% for0.23% against
Against: promoters 0.00% · institutions 0.29% · other public 0.01%
Turnout: all 85.40% · promoters 0.00% · institutions 90.56% · other public 71.63%
- Revision in remuneration of Mr. Rakesh Jha (DIN: 00042075), Executive Director of the BankOrdinary99.77% for0.23% against
Against: promoters 0.00% · institutions 0.29% · other public 0.01%
Turnout: all 85.40% · promoters 0.00% · institutions 90.56% · other public 71.65%
- Revision in remuneration of Mr. Ajay Kumar Gupta (DIN: 07580795), Executive Director of nthe BankOrdinary99.77% for0.23% against
Against: promoters 0.00% · institutions 0.30% · other public 0.01%
Turnout: all 85.40% · promoters 0.00% · institutions 90.56% · other public 71.65%
- Modification of earlier approved Material Related Party Transactions for acceptance of nCurrent account and Savings account (CASA) deposits by the Bank from the Related Parties nfor FY2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
Modification of earlier approved Material Related Party Transactions for subscription of nsecurities issued by the Related Party and purchase of securities from the Related Party n(issued by related or unrelated parties) by the Bank for FY2025MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
- Modification of earlier approved Material Related Party Transactions for sale of securities nto the Related Party (issued by related or unrelated parties) by the Bank for FY2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
- Material Related Party Transactions for rendering of insurance services by ICICI Prudential nLife Insurance Company Limited, subsidiary of the Bank for FY2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
- Material Related Party Transactions for dividend payout by ICICI Prudential Asset nManagement Company Limited, subsidiary of the Bank for FY2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
- Material Related Party Transactions pertaining to foreign exchange and derivative ntransactions by the Bank with the Related Parties for FY2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
- Material Related Party Transactions for acceptance of Current account and Savings account n(CASA) deposits by the Bank from the Related Parties for FY2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
Material Related Party Transactions for subscription of securities issued by the Related nParties and purchase of securities from the Related Parties (issued by related or unrelated nparties) by the Bank for FY2026MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
- Material Related Party Transactions for sale of securities to the Related Parties (issued by nrelated or unrelated parties) by the Bank for FY2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
- Material Related Party Transactions for granting of fund based and/or non-fund based ncredit facilities by the Bank to the Related Parties for FY2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
- Material Related Party Transactions for purchase/sale of loans by the Bank from/to the nRelated Party for FY2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
- Material Related Party Transactions for undertaking repurchase (repo) transactions and nother permitted short-term borrowing transactions by the Bank with the Related Party for nFY2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
- Material Related Party Transactions for undertaking reverse repurchase (reverse repo) ntransactions and other permitted short-term lending transactions by the Bank with the nRelated Party for FY2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
- Material Related Party Transactions pertaining to foreign exchange and derivative ntransactions by the Bank with the Related Parties for FY2026Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
- Material Related Party Transactions for availing insurance services by the Bank from the nRelated Party for FY2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
- Material Related Party Transactions for rendering of insurance services by ICICI Prudential nLife Insurance Company Limited, subsidiary of the Bank for FY2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
- Material Related Party Transactions for dividend payout by ICICI Prudential Asset nManagement Company Limited, subsidiary of the Bank for FY2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 85.44% · promoters 0.00% · institutions 90.63% · other public 71.62%
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, 14 May 2024, 5 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mr. Pradeep Kumar Sinha (DIN: 00145126) as an Independent Director with effect from February 17, 2024Special99.71% for0.29% against
Against: promoters 0.00% · institutions 0.38% · other public 0.02%
Turnout: all 85.47% · promoters 0.00% · institutions 90.70% · other public 71.69%
- Compensation payable to Mr. Pradeep Kumar Sinha (DIN: 00145126) as Non-Executive Part-time Chairman with effect from July 1, 2024 or the date of approval from Reserve Bank of India, whichever is laterOrdinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.05% · other public 0.02%
Turnout: all 85.42% · promoters 0.00% · institutions 90.64% · other public 71.69%
- Revision in compensation in the form of fixed remuneration payable to the Non-Executive Directors (other than part-time Chairman and the Director nominated by the Government of India)Ordinary99.92% for0.08% against
Against: promoters 0.00% · institutions 0.10% · other public 0.02%
Turnout: all 85.43% · promoters 0.00% · institutions 90.65% · other public 71.69%
- Revision in fixed remuneration of Mr. Girish Chandra Chaturvedi (DIN: 00110996), Non-Executive (Part-time) ChairmanOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 85.43% · promoters 0.00% · institutions 90.65% · other public 71.69%
- Appointment of Mr. Ajay Kumar Gupta (DIN: 07580795) as a Director and Whole-time Director (designated as Executive Director) with effect from March 15, 2024 and payment of remuneration to himOrdinary99.02% for0.98% against
Against: promoters 0.00% · institutions 1.27% · other public 0.02%
Turnout: all 85.43% · promoters 0.00% · institutions 90.64% · other public 71.69%
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.
Meeting called by the tribunal, 27 Mar 2024, 1 resolution
Present: 0 promoters and 77 others.The company's voting result (opens in a new tab)
To approve the Scheme of Arrangement amongst ICICI Bank Limited (“Bank”) and ICICI Securities Limited (“ICICI Securities” or “the Company”) and their respective shareholders for delisting of equity shares of ICICI Securities by issuing equity shares of the Bank to the public shareholders of ICICI Securities in lieu of cancellation of their equity shares in the CompanyMoreLess
Special99.67% for0.33% againstAgainst: promoters 0.00% · institutions 0.29% · other public 4.24%
Turnout: all 66.59% · promoters 0.00% · institutions 91.07% · other public 2.13%
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, 30 Aug 2023, 20 resolutions
Present: 0 promoters and 173 others.The company's voting result (opens in a new tab)
- Adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2023Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 84.14% · promoters 0.00% · institutions 89.18% · other public 70.97%
- Declaration of dividend on equity shares for the financial year ended March 31, 2023Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 84.22% · promoters 0.00% · institutions 89.30% · other public 70.96%
- Re-appointment of Mr. Sandeep Bakhshi as a Director (DIN: 00109206), who retires by rotation and, being eligible, offers himself for re-appointmentOrdinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.04% · other public 0.01%
Turnout: all 84.21% · promoters 0.00% · institutions 89.28% · other public 70.96%
- Re-appointment of M/s M S K A & Associates, Chartered Accountants (Registration No. 105047W) as one of the Joint Statutory Auditors of the Bank.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.01% · other public 0.01%
Turnout: all 84.21% · promoters 0.00% · institutions 89.28% · other public 70.96%
- Re-appointment of M/s KKC & Associates LLP, Chartered Accountants (formerly M/s Khimji Kunverji & Co LLP) (Registration No. 105146W/W100621) as one of the Joint Statutory Auditors of the BankOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.01% · other public 0.01%
Turnout: all 84.21% · promoters 0.00% · institutions 89.28% · other public 70.96%
- Re-appointment of Mr. Hari L. Mundra (DIN: 00287029) as an Independent Director of the BankSpecial99.94% for0.06% against
Against: promoters 0.00% · institutions 0.08% · other public 0.01%
Turnout: all 84.21% · promoters 0.00% · institutions 89.28% · other public 70.96%
- Re-appointment of Mr. B. Sriram (DIN: 02993708) as an Independent Director of the BankSpecial98.77% for1.23% against
Against: promoters 0.00% · institutions 1.60% · other public 0.01%
Turnout: all 84.21% · promoters 0.00% · institutions 89.28% · other public 70.96%
- Re-appointment of Mr. S. Madhavan (DIN: 06451889) as an Independent Director of the BankSpecial92.91% for7.09% against
Against: promoters 0.00% · institutions 9.24% · other public 0.01%
Turnout: all 84.21% · promoters 0.00% · institutions 89.28% · other public 70.96%
- Revision in remuneration of Mr. Sandeep Bakhshi (DIN: 00109206), Managing Director & Chief Executive Officer of the BankOrdinary99.62% for0.38% against
Against: promoters 0.00% · institutions 0.49% · other public 0.01%
Turnout: all 84.18% · promoters 0.00% · institutions 89.24% · other public 70.96%
- Revision in remuneration of Mr. Sandeep Batra (DIN: 03620913), Executive Director of the BankOrdinary99.62% for0.38% against
Against: promoters 0.00% · institutions 0.49% · other public 0.01%
Turnout: all 84.18% · promoters 0.00% · institutions 89.24% · other public 70.96%
- Revision in remuneration of Mr. Rakesh Jha (DIN: 00042075), Executive Director of the BankOrdinary99.62% for0.38% against
Against: promoters 0.00% · institutions 0.49% · other public 0.01%
Turnout: all 84.18% · promoters 0.00% · institutions 89.24% · other public 70.96%
- Revision in remuneration of Mr. Anup Bagchi (DIN: 00105962), erstwhile Executive Director of the BankOrdinary99.80% for0.20% against
Against: promoters 0.00% · institutions 0.26% · other public 0.01%
Turnout: all 84.18% · promoters 0.00% · institutions 89.24% · other public 70.96%
- Re-appointment of Mr. Sandeep Bakhshi (DIN: 00109206) as the Managing Director & Chief Executive Officer of the BankOrdinary99.81% for0.19% against
Against: promoters 0.00% · institutions 0.25% · other public 0.01%
Turnout: all 84.21% · promoters 0.00% · institutions 89.28% · other public 70.96%
- Material Related Party Transactions for sale of securities (issued by related or unrelated parties) to Related Party for FY2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 84.21% · promoters 0.00% · institutions 89.28% · other public 70.94%
- Material Related Party Transactions for current account deposits for FY2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 84.21% · promoters 0.00% · institutions 89.28% · other public 70.94%
- Material Related Party Transactions for subscription of securities issued by Related Parties and purchase of securities from Related Parties (issued by related or unrelated parties) for FY2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 84.21% · promoters 0.00% · institutions 89.28% · other public 70.94%
- Material Related Party Transactions for sale of securities (issued by related or unrelated parties) to Related Parties for FY2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 84.21% · promoters 0.00% · institutions 89.28% · other public 70.94%
- Material Related Party Transactions for fund-based and/or non-fund based credit facilities for FY2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 84.21% · promoters 0.00% · institutions 89.28% · other public 70.94%
- Material Related Party Transactions for undertaking repurchase (repo) transactions and other permitted short-term borrowing transactions with the Related Party for FY2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 84.21% · promoters 0.00% · institutions 89.28% · other public 70.94%
- Material Related Party Transactions for undertaking reverse repurchase (reverse repo) and other permitted short-term lending transactions with the Related Party for FY2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 84.21% · promoters 0.00% · institutions 89.28% · other public 70.94%
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 21 Aug 2026, 19 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.
- Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026 together with the Reports of the Directors and the Auditors thereon19 for0 against
- Declaration of dividend on equity shares for the year ended March 31, 202619 for0 against
- Re-appointment of Mr. Sandeep Bakhshi as a Director (DIN: 00109206), who retires by rotation and, being eligible, offers himself for re-appointment
Against Quantum Mutual Fund
- Quantum Mutual FundWe do not have any concern on the profile, time commitment, and attendance of Mr. Sandeep Bakhshi. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Bakhshi. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the reappointment of Mr. Sandeep Bakhshi as a director liable to retire by rotation
17 for1 against - Appointment of Mr. Ashwani Bhatia (DIN: 07423221) as an Independent Director of the Bank, for a term of five years with effect from June 1, 202619 for0 against
- Appointment of Mr. Mrugank Paranjape (DIN: 02162026) as an Independent Director of the Bank for a term of five years with effect from August 1, 2026
Against Quantum Mutual Fund
- Quantum Mutual FundWe take note that there was censure order against Mr. Mrugank Paranjape in his past company relating data sharing concerns. Therefore, we are of the view that he may not meet the fit and proper criteria as an independent director. We do not favour his appointment.
18 for1 against - Re-appointment of Ms. Vibha Paul Rishi (DIN: 05180796) as an Independent Director of the Bank, for a second term commencing from January 23, 2027 to December 31, 2028
Against Quantum Mutual Fund
- Quantum Mutual FundWe do not have any concern on the profile, time commitment, and attendance of Ms. Vibha Paul Rishi. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Ms. Rishi. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of reappointment of Ms. Vibha Paul Rishi.
18 for1 against - Revision in remuneration of Mr. Sandeep Bakhshi (DIN: 00109206), Managing Director & Chief Executive Officer of the Bank
Against Quantum Mutual Fund
- Quantum Mutual FundWe do not have any concern on the profile, time commitment, attendance and revised remuneration of Mr. Sandeep Bakhshi. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Bakhshi. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the revision of pay of Mr. Sandeep Bakshi.
18 for1 against - Revision in remuneration of Mr. Sandeep Batra (DIN: 03620913), Executive Director of the Bank
Against Quantum Mutual Fund
- Quantum Mutual FundWe do not have any concern on the profile, time commitment, attendance and revised remuneration of Mr. Sandeep Batra. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Batra. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of revision of pay of Mr. Sandeep Batra.
18 for1 against - Revision in remuneration of Mr. Rakesh Jha (DIN: 00042075), Executive Director of the Bank
Against Quantum Mutual Fund
- Quantum Mutual FundWe do not have any concern on the profile, time commitment, attendance and revised remuneration of Mr. Rakesh Jha. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Jha. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the revision of pay of Mr. Rakesh Jha.
18 for1 against - Revision in remuneration of Mr. Ajay Kumar Gupta (DIN: 07580795), Executive Director of the Bank
Against Quantum Mutual Fund
- Quantum Mutual FundWe do not have any concern on the profile, time commitment, attendance and revised remuneration of Mr. Ajay Kumar Gupta. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Gupta. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the revision of pay of Ajay Kumar Gupta.
18 for1 against - Re-appointment of Mr. Sandeep Bakhshi (DIN: 00109206) as the Managing Director & Chief Executive Officer of the Bank, for a period of two years with effect from October 4, 2026
Against Quantum Mutual Fund
- Quantum Mutual FundWe do not have any concern on the profile, time commitment, attendance and revised remuneration of Mr. Sandeep Bakhshi. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Batra. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the reappointment of Mr. Sandeep Bakhshi as MD & CEO.
17 for1 against - Re-appointment of Mr. Ajay Kumar Gupta (DIN: 07580795) as the Whole-time Director (designated as Executive Director) of the Bank, for a period of two years with effect from November 27, 2026
Against Quantum Mutual Fund
- Quantum Mutual FundWe do not have any concern on the profile, time commitment, attendance and revised remuneration of Mr. Ajay Kumar Gupta. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Gupta. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the reappointment of Ajay Kumar Gupta
18 for1 against - Material Related Party Transactions of the Bank with ICICI Prudential Life Insurance Company Limited, a subsidiary of the Bank, for FY202818 for0 against
- Material Related Party Transactions of the Bank with ICICI Lombard General Insurance Company Limited, a subsidiary of the Bank, for FY202818 for0 against
- Material Related Party Transactions of the Bank with India Infradebt Limited, an associate of the Bank, for FY202818 for0 against
- Material Related Party Transactions of ICICI Securities Primary Dealership Limited, a subsidiary of the Bank with ICICI Prudential Life Insurance Company Limited, a subsidiary of the Bank, for FY202818 for0 against
- Material Related Party Transactions of ICICI Securities Primary Dealership Limited, a subsidiary of the Bank, with ICICI Lombard General Insurance Company Limited, a subsidiary of the Bank, for FY202818 for0 against
- Material Related Party Transactions of ICICI Securities Primary Dealership Limited, a subsidiary of the Bank, with India Infradebt Limited, an associate of the Bank, for FY202818 for0 against
8 proposals not matched to one resolution
Approve material related party transactions between ICICI Securities Primary Dealership Limited, an unlisted wholly owned subsidiary with ICICI Lombard General Insurance Company Limited, a 51.18% subsidiary, upto Rs. 127.7 bn for FY28MoreLess
1 for0 againstApprove material related party transactions between ICICI Securities Primary Dealership Limited, an unlisted wholly owned subsidiary with ICICI Prudential Life Insurance Company Limited, a 50.84% subsidiary, upto Rs. 303.0 bn for FY28MoreLess
1 for0 againstApprove material related party transactions between ICICI Securities Primary Dealership Limited, an unlisted wholly owned subsidiary with India Infradebt Limited, a 42.33% associate, upto Rs. 141.0 bn for FY28MoreLess
1 for0 against- Approve material related party transactions with ICICI Lombard General Insurance Company Limited, a 51.18% subsidiary, upto Rs. 177.7 bn for FY281 for0 against
- Approve material related party transactions with ICICI Prudential Life Insurance Company Limited, a 50.84% subsidiary, upto Rs. 397.9 bn for FY281 for0 against
- Approve material related party transactions with India Infradebt Limited, a 42.33% associate, upto Rs. 181.0 bn for FY281 for0 against
- Approve Reappointment and Remuneration of Sandeep Bakhshi as Managing Director and Chief Executive Officer1 for0 against
- Reelect Sandeep Bakhshi as Director1 for0 against
Mutual fund votes, meeting of 25 Feb 2026, 48 fund houses
- Appointment of Ms. Vijayalakshmi Iyer ( DIN : 05242960) as an Indepnedent Director with effect from December 01, 2025
Against Angel One Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, NJ Mutual Fund, Old Bridge Mutual Fund, quant Mutual Fund, Quantum Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, Unifi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundGovernance Concern: Prolonged association at Group Level.
- Bank of India Mutual Fund, HDFC Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual Fund, Sundaram Mutual FundMs. Vijayalakshmi Iyer, 70, is a retired banker and former Chairperson and Managing Director of Bank of India. She has also served as Member (finance & investment) at IRDAI. She has nearly 40 years of experience in the banking and finance sector in India. She has done her graduation from M.L. Dahanukar College of Commerce and her post-graduation from Sydenham College of Commerce. She is also a certified associate of the Indian Institute of Banking and Finance. She has attended all (100%) board meetings she was eligible to attend in FY26.She has been on the board of ICICI Securities Limited, a subsidiary company since 29 November 2017. While computing the tenure of Independent Directors, we consider their overall association with the group. The company proposes to appoint her as an Independent Director from 1 December 2025 till 31 May 2030. We do not support the appointment of independent directors if their aggregate tenure with the company or the group exceeds ten years anytime during the proposed tenure at the time of appointment / reappointment, as we believe that this is not in line with the spirit of the regulations. We do not support this resolution.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance Concern: Prolonged association at Group Level.
- Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because Vijayalakshmi Iyer has been a director on the board of company's wholly owned subsidiary for over eight years. The proposed appointment is for a five-year period, and consequently, her association during the proposed term of appointment on the board of the company (including tenure served at WOS) will exceed 10 years.
- Invesco Mutual FundMs. Vijayalakshmi Iyer, 70, is a retired banker and former Chairperson and Managing Director of Bank of India. She has also served as Member (finance & investment) at IRDAI. She has nearly 40 years of experience in the banking and finance sector in India. She has done her graduation from M.L. Dahanukar College of Commerce and her post-graduation from Sydenham College of Commerce. She is also a certified associate of the Indian Institute of Banking and Finance. She has attended all (100%) board meetings she was eligible to attend in FY26. She has been on the board of ICICI Securities Limited, a subsidiary company since 29 November 2017. While computing the tenure of Independent Directors, we consider their overall association with the group. The company proposes to appoint her as an Independent Director from 1 December 2025 till 31 May 2030. We do not support the appointment of independent directors if their aggregate tenure with the company or the group exceeds ten years anytime during the proposed tenure at the time of appointment / reappointment, as we believe that this is not in line with the spirit of the regulations. We do not support this resolution. This is in line with our ESG framework.
- LIC Mutual FundConcerns over Prolonged association at Group Level.
- Nippon India Mutual FundGovernance & Transparency Concern: Prolonged association with the group.
- NJ Mutual Fund, Taurus Mutual Fund, Unifi Mutual FundMs. Vijayalakshmi Iyer, 70, is a retired banker and former Chairperson and Managing Director of Bank of India. She has also served as Member (finance & investment) at IRDAI. She has nearly 40 years of experience in the banking and finance sector in India. She has done her graduation from M.L. Dahanukar College of Commerce and her post-graduation from Sydenham College of Commerce. She is also a certified associate of the Indian Institute of Banking and Finance. She has attended all (100%) board meetings she was eligible to attend in FY26. She has been on the board of ICICI Securities Limited, a subsidiary company since 29 November 2017. While computing the tenure of Independent Directors, we consider their overall association with the group. The company proposes to appoint her as an Independent Director from 1 December 2025 till 31 May 2030. We do not support the appointment of independent directors if their aggregate tenure with the company or the group exceeds ten years anytime during the proposed tenure at the time of appointment / reappointment, as we believe that this is not in line with the spirit of the regulations. We do not support this resolution.
- quant Mutual FundRelated to the appointment of Ms Vijayalakshmi Iyer as an independent director. Compliant with the law. Governance concern: Prolonged association at group level. Ms Iyer is currently serving as an independent director on the Board of ICICI Securities Ltd, a subsidiary company, since 29th November, 2017. Hence, she has been associated with ICICI Group continuously without a break at least since 2017. Therefore, aggregate association of Ms Iyer with the ICICI Group is more than 8 years. Appointment of an independent director who has or had prolonged association with the group is not indicative of a good governance practice. Hence, we are voting against the resolution.
- Quantum Mutual FundWe do not have any concern on the profile and time commitments of Ms. Vijayalakshmi Iyer. However, we take note that Ms. Iyer is associated with ICICI Securities as independent director since 2017. In 2024, the management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Securities directors including Ms. Vijayalakshmi Iyer. Therefore, we are not in favour of the appointment of Ms. Iyer as an Independent Director.
28 for20 against1 abstained
6 earlier meetings
Mutual fund votes, meeting of 30 Aug 2025, 43 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2025 together with the Reports of the Directors and the Auditors thereon41 for0 against
1 abstained
- Declaration of dividend on equity shares for the year ended March 31, 202541 for0 against
1 abstained
- Re-appointment of Mr. Sandeep Batra as a Director (DIN: 03620913), who retires by rotation and, being eligible, offers himself for re-appointment
Against Quantum Mutual Fund
- Quantum Mutual FundWe do not have any concern on the profile, time commitments and remuneration proposed to Mr. Sandeep Batra. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Batra. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the reappointment of Mr. Sandeep Batra.
40 for1 against1 abstained
Re-appointment of M/s. B S R & Co. LLP, Chartered Accountants (Registration No. 101248W/W100022) as one of the Joint Statutory Auditors of the Bank, to hold office from the conclusion of Thirty-First AGM till the conclusion of the Thirty-Third AGM of the BankMoreLess
Against Angel One Mutual Fund, Capitalmind 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 FundApproval proposed for only 2 years against the legally mandated tenure of appointment for continuous 3 years. Governance Concern: The period of shareholders’ approval exceeds the period of RBI approval.
- Capitalmind Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on merit, competence, eligibility of appointees. Non-Compliance: Approval proposed for only 2 years against the legally mandated tenure of appointment for continuous 3 years. Governance Concern: The period of shareholders’ approval exceeds the period of RBI approval. Concern is arising due to inconsistency in legal provisions; the Bank cannot be faulted for the same.
- LIC Mutual FundGovernance Concern: The period of shareholders approval exceeds the period of RBI approval.
- PGIM India Mutual FundNo concern on merit, competence, eligibility of appointees. Non-Compliance: Approval proposed for only 2 years against the legally mandated tenure of appointment for continuous 3 years. Governance Concern: The period of shareholders approval exceeds the period of RBI approval. Concern is arising due to inconsistency in legal provisions; the Bank cannot be faulted for the same.
32 for9 against1 abstained
Re-appointment of M/s. C N K & Associates LLP, Chartered Accountants (Registration No. 101961W/W100036) as one of the Joint Statutory Auditors of the Bank, to hold office from the conclusion of Thirty-First AGM till the conclusion of the Thirty-Third AGM of the Bank.MoreLess
Against Angel One Mutual Fund, Capitalmind 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 FundApproval proposed for only 2 years against the legally mandated tenure of appointment for continuous 3 years. Governance Concern: The period of shareholders’ approval exceeds the period of RBI approval.
- Capitalmind Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on merit, competence, eligibility of appointees. Non-Compliance: Approval proposed for only 2 years against the legally mandated tenure of appointment for continuous 3 years. Governance Concern: The period of shareholders’ approval exceeds the period of RBI approval. Concern is arising due to inconsistency in legal provisions; the Bank cannot be faulted for the same.
- LIC Mutual FundGovernance Concern: The period of shareholders approval exceeds the period of RBI approval.
- PGIM India Mutual FundNo concern on merit, competence, eligibility of appointees. Non-Compliance: Approval proposed for only 2 years against the legally mandated tenure of appointment for continuous 3 years. Governance Concern: The period of shareholders approval exceeds the period of RBI approval. Concern is arising due to inconsistency in legal provisions; the Bank cannot be faulted for the same.
32 for9 against1 abstained
Appointment of M/s. Parikh Parekh & Associates, Companies Secretaries (Firm Unique Code: P1987MH010000) as Secretarial Auditor of the Bank, to hold office for a term of five consecutive years, with effect from the financial year ending March 31, 2026 till the financial year ending March 31, 2030MoreLess
Against Angel One Mutual Fund, Capitalmind 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 Fund, LIC Mutual FundTransparency Concern: The Bank has not disclosed the audit fee paid to the outgoing Secretarial Auditors; therefore, material change in the audit fee, if any, cannot be ascertained.
- Capitalmind Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency Concern: The Bank has not disclosed the audit fee paid to the outgoing Secretarial Auditors; therefore, material change in the audit fee, if any, cannot be ascertained.
32 for9 against1 abstained
- Revision in remuneration of Mr. Sandeep Bakhshi (DIN: 00109206), Managing Director & Chief Executive Officer of the Bank
Against Quantum Mutual Fund
- Quantum Mutual FundWe do not have any concern on the proposed pay to Mr. Sandeep Bakshi. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Bakshi. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the reappointment and revision of pay of Mr. Sandeep Bakshi.
40 for1 against1 abstained
- Revision in remuneration of Mr. Sandeep Batra (DIN: 03620913), Executive Director of the Bank
Against Quantum Mutual Fund
- Quantum Mutual FundWe do not have any concern on the profile, time commitments and remuneration proposed to Mr. Sandeep Batra. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Batra. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the reappointment of Mr. Sandeep Batra.
40 for1 against1 abstained
- Revision in remuneration of Mr. Rakesh Jha (DIN: 00042075), Executive Director of the Bank
Against Quantum Mutual Fund
- Quantum Mutual FundWe do not have any concern on the revised pay of Mr. Rakesh Jha. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Jha. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the revision of pay of Mr. Rakesh Jha.
40 for1 against1 abstained
- Revision in remuneration of Mr. Ajay Kumar Gupta (DIN: 07580795), Executive Director of the Bank
Against Quantum Mutual Fund
- Quantum Mutual FundWe do not have any concern on the revised pay of Mr. Ajay Kumar Gupta. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Gupta. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the revision of pay of Ajay Kumar Gupta.
40 for1 against1 abstained
- Re-appointment of Mr. Sandeep Batra (DIN: 03620913) as a Whole-time Director (designated as Executive Director) of the Bank, for a period of two years with effect from December 23, 2025
Against Quantum Mutual Fund
- Quantum Mutual FundWe do not have any concern on the profile, time commitments and remuneration proposed to Mr. Sandeep Batra. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Batra. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the reappointment of Mr. Sandeep Batra.
40 for1 against1 abstained
- Modification of earlier approved Material Related Party Transactions pertaining to foreign exchange and derivative transactions by the Bank with the Related Party for FY202634 for0 against
1 abstained
- Material Related Party Transactions for purchase of additional shareholding of upto 2% of ICICI Prudential Asset Management Company Limited by the Bank42 for0 against
1 abstained
- Material Related Party Transactions by ICICI Securities Primary Dealership Limited, Subsidiary of the Bank for FY202638 for0 against
1 abstained
Material Related Party Transactions for (i) Investment in securities issued by the Related Parties (ii) Purchase/sale of securities from/to Related Parties in secondary market (issued by related or unrelated parties) by the Bank for FY2027MoreLess
38 for0 against1 abstained
- Material Related Party Transactions for granting of fund based and/or non-fund based credit facilities by the Bank to the Related Party for FY202738 for0 against
1 abstained
- Material Related Party Transactions for purchase/sale of loans by the Bank from/to the Related Party for FY202738 for0 against
1 abstained
- Material Related Party Transactions for undertaking repurchase (repo) transactions and other permitted short-term borrowing transactions by the Bank with the Related Parties for FY202738 for0 against
1 abstained
- Material Related Party Transactions for undertaking reverse repurchase (reverse repo) transactions and other permitted short-term lending transactions by the Bank with the Related Parties for FY202738 for0 against
1 abstained
- Material Related Party Transactions pertaining to foreign exchange and derivative transactions by the Bank with the Related Parties for FY202734 for0 against
1 abstained
- Material Related Party Transactions for availing insurance services by the Bank from the Related Party for FY202738 for0 against
1 abstained
- Material Related Party Transactions for providing grant by the Bank to the Related Party for undertaking Corporate Social Responsibility (CSR) projects/activities of the Bank for FY202738 for0 against
1 abstained
- Material Related Party Transactions by ICICI Prudential Life Insurance Company Limited, Subsidiary of the Bank for FY202738 for0 against
1 abstained
- Material Related Party Transactions by ICICI Securities Primary Dealership Limited, Subsidiary of the Bank for FY202735 for0 against
1 abstained
29 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 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
- Item 5, as a fund house numbered it1 for0 against
- Item 6, as a fund house numbered it1 for0 against
- Item 7, as a fund house numbered it1 for0 against
- Item 8, as a fund house numbered it1 for0 against
- Item 9, as a fund house numbered it1 for0 against
- Item 10, as a fund house numbered it1 for0 against
- Item 11, as a fund house numbered it1 for0 against
- Item 12, as a fund house numbered it1 for0 against
- Item 20, as a fund house numbered it1 for0 against
- Item 24, as a fund house numbered it1 for0 against
12) Modify approval for material related party transactions for foreign exchange and derivative transactions with ICICI Lombard General Insurance Company Limited, a 51.46% subsidiary, upto Rs. 30.0 bn for FY26.MoreLess
1 for0 against20) Approve material related party transactions for foreign exchange and derivative transactions with ICICI Prudential Life Insurance Company Limited, a 51.0% subsidiary, upto Rs. 50.0 bn and ICICI Lombard General Insurance Company Limited, a 51.46% subsidiary, upto Rs. 30.0 bn for FY27.MoreLess
1 for0 againstApprove material related party transactions between ICICI Prudential Life Insurance Company Limited, a 51.0% subsidiary, with all related parties of the Bank and its subsidiaries that are not related parties of ICICI Pru Life and its subsidiary for availing insurance services for FY27MoreLess
4 for0 againstApprove material related party transactions between ICICI Securities Primary Dealership Limited, an unlisted wholly owned subsidiary, with ICICI Prudential Life Insurance Company Limited (a 51.0% subsidiary) upto Rs. 300.0 bn, ICICI Lombard General Insurance Company Limited (a 51.46% subsidiary) upto Rs. 100.0 bn, and India Infradebt Limited (a 42.33% associate) upto Rs. 225.0 bn for FY26MoreLess
4 for0 againstApprove material related party transactions between ICICI Securities Primary Dealership Limited, an unlisted wholly owned subsidiary, with ICICI Prudential Life Insurance Company Limited, a 51.0% subsidiary, upto Rs. 300.0 bn, ICICI Lombard General Insurance Company Limited, a 51.46% subsidiary, upto Rs. 100.0 bn, and India Infradebt Limited, a 42.33% associate, upto Rs. 225.0 bn for FY27MoreLess
4 for0 againstApprove material related party transactions for foreign exchange and derivative transactions with ICICI Prudential Life Insurance Company Limited, a 51.0% subsidiary, upto Rs. 50.0 bn and ICICI Lombard General Insurance Company Limited, a 51.46% subsidiary, upto Rs. 30.0 bn for FY27MoreLess
6 for0 againstApprove material related party transactions for investment in securities and purchase/sale of securities by ICICI Bank of ICICI Prudential Life Insurance Company Limited (a 51.0% subsidiary) upto Rs. 300.0 bn, ICICI Lombard General Insurance Company Limited (a 51.46% subsidiary) upto Rs. 110.0 bn, and India Infradebt Limited (a 42.33% associate) upto Rs. 115.0 bn for FY27MoreLess
4 for0 againstApprove material related party transactions for providing fund based and non-fund-based credit facilities to ICICI Prudential Life Insurance Company Limited, a 51.0% subsidiary upto, Rs. 25.0 bn for FY27MoreLess
4 for0 against- Approve material related party transactions for purchase/sale of loans to India Infradebt Limited, a 42.33% associate, upto Rs. 30.0 bn for FY274 for0 against
Approve material related party transactions for undertaking repurchase (repo) transactions and other permitted short-term borrowing transactions with ICICI Prudential Life Insurance Company Limited, a 51.0% subsidiary, upto Rs. 40.0 bn and ICICI Lombard General Insurance Company Limited, a 51.46% subsidiary, upto Rs. 40.0 bn for FY27MoreLess
4 for0 againstApprove material related party transactions in the nature of reverse repurchase (reverse repo) and other permitted short-term lending transactions with ICICI Prudential Life Insurance Company Limited, a 51.0% subsidiary, upto Rs. 40.0 bn and ICICI Lombard General Insurance Company Limited, a 51.46% subsidiary, upto Rs. 40.0 bn for FY27MoreLess
4 for0 againstApprove material related party transactions with ICICI Foundation for Inclusive Growth to provide grant for undertaking CSR projects/activities upto 2% of previous three-years’ average profits of the bank for FY27MoreLess
4 for0 against- Approve material related party transactions with ICICI Prudential Life Insurance Company Limited, a 51.0% subsidiary, for availing insurance services for FY274 for0 against
Material Related Party Transactions by ICICI Securities Primary Dealership Limited, Subsidiary of the Bank for FY2027 may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank, as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, for each such Party, provided however, that the said contracts/arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of ICICI Securities Primary Dealership Limited.MoreLess
2 for0 againstModify approval for material related party transactions for foreign exchange and derivative transactions with ICICI Lombard General Insurance Company Limited, a 51.46% subsidiary, upto Rs. 30.0 bn for FY26MoreLess
6 for0 against
Mutual fund votes, meeting of 29 Nov 2024, 35 fund houses
- Appointment of Mr. Punit Sood (DIN: 00033799) as an Independent Director with effect from October 1, 202434 for0 against
1 abstained
Mutual fund votes, meeting of 29 Aug 2024, 34 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of audited standalone and consolidated financial statements for the financial year nended March 31, 2024 together with the Reports of the Directors and the Auditors thereon30 for0 against
- Declaration of dividend on equity shares for the year ended March 31, 202432 for0 against
1 abstained
- Re-appointment of Mr. Rakesh Jha as a Director (DIN: 00042075), who retires by rotation nand, being eligible, offers himself for re-appointment
Against Quantum Mutual Fund
- Quantum Mutual FundFor the following Governance reason we vote against the resolution. We do not have any concern on the profile ,time commitments and remuneration proposed to Mr. Rakesh Jha. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Rakesh Jha. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the appointment of Mr. Rakesh Jha as an Executive Director.
31 for1 against1 abstained
Appointment of M/s. B S R & Co. LLP, Chartered Accountants (Registration No. n101248W/W100022) as one of the Joint Statutory Auditors of the Bank to hold office from the nconclusion of Thirtieth AGM till the conclusion of the Thirty-First AGM of the BankMoreLess
Against Groww Mutual Fund, JM Financial Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund
- Groww Mutual Fund, JM Financial 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.
- Zerodha Mutual FundNon-Compliance: Approval proposed for only 1 year as approved by RBI although RBI itself has mandated appointment for continuous 3 years.
27 for4 againstAppointment of M/s. C N K & Associates LLP, Chartered Accountants (Registration No. n101961W/W100036) as one of the Joint Statutory Auditors of the Bank to hold office from the nconclusion of Thirtieth AGM till the conclusion of the Thirty-First AGM of the BankMoreLess
Against Groww Mutual Fund, JM Financial Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund
- Groww Mutual Fund, JM Financial 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.
- Zerodha Mutual FundNon-Compliance: Approval proposed for only 1 year as approved by RBI although RBI itself has mandated appointment for continuous 3 years.
27 for4 againstPayment of remuneration to M/s. M S K A & Associates, Chartered Accountants (Registration nNo. 105047W) and M/s. KKC & Associates LLP, Chartered Accountants (formerly M/s. Khimji nKunverji & Co LLP) (Registration No. 105146W/W100621), current Joint Statutory Auditors of nthe BankMoreLess
32 for0 against1 abstained
- Appointment of Mr. Rohit Bhasin (DIN: 02478962) as an Independent Director of the Bank32 for0 against
1 abstained
- Revision in remuneration of Mr. Sandeep Bakhshi (DIN: 00109206), Managing Director & nChief Executive Officer of the Bank
Against Quantum Mutual Fund
- Quantum Mutual FundFor the following Governance reason we vote against the resolution. We do not have any concern on the profile ,time commitments and remuneration proposed to Mr. Sandip Bakshi. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Sandeep Bakshi. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the revision of remuneration of Mr. Sandeep bakshi as an MD & CEO.
31 for1 against1 abstained
- Revision in remuneration of Mr. Sandeep Batra (DIN: 03620913), Executive Director of the nBank
Against Quantum Mutual Fund
- Quantum Mutual FundFor the following Governance reason we vote against the resolution. We do not have any concern on the profile ,time commitments and remuneration proposed to Mr. Sandip Batra. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Sandeep Batra. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the revision of remuneration of Mr. Sandeep Batra as an Executive Director.
31 for1 against1 abstained
- Revision in remuneration of Mr. Rakesh Jha (DIN: 00042075), Executive Director of the Bank
Against Quantum Mutual Fund
- Quantum Mutual FundFor the following Governance reason we vote against the resolution. We do not have any concern on the profile ,time commitments and remuneration proposed to Mr. Rakesh Jha. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Rakesh Jha. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the revision of remuneration of Mr. Rakesh Jha as an Executive Director.
31 for1 against1 abstained
- Revision in remuneration of Mr. Ajay Kumar Gupta (DIN: 07580795), Executive Director of nthe Bank
Against Quantum Mutual Fund
- Quantum Mutual FundFor the following Governance reason we vote against the resolution. We do not have any concern on the profile ,time commitments and remuneration proposed to Mr. Ajay Kumar Gupta. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Ajay Kumar Gupta. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the revision of remuneration of Mr. Ajay Kumar Gupta as an Executive Director.
31 for1 against1 abstained
- Modification of earlier approved Material Related Party Transactions for acceptance of nCurrent account and Savings account (CASA) deposits by the Bank from the Related Parties nfor FY202523 for0 against
1 abstained
- Modification of earlier approved Material Related Party Transactions for sale of securities nto the Related Party (issued by related or unrelated parties) by the Bank for FY20253 for0 against
1 abstained
- Material Related Party Transactions for rendering of insurance services by ICICI Prudential nLife Insurance Company Limited, subsidiary of the Bank for FY202526 for0 against
1 abstained
- Material Related Party Transactions for dividend payout by ICICI Prudential Asset nManagement Company Limited, subsidiary of the Bank for FY202526 for0 against
1 abstained
- Material Related Party Transactions pertaining to foreign exchange and derivative ntransactions by the Bank with the Related Parties for FY20256 for0 against
1 abstained
- Material Related Party Transactions for acceptance of Current account and Savings account n(CASA) deposits by the Bank from the Related Parties for FY202632 for0 against
1 abstained
- Material Related Party Transactions for granting of fund based and/or non-fund based ncredit facilities by the Bank to the Related Parties for FY202628 for0 against
1 abstained
- Material Related Party Transactions for purchase/sale of loans by the Bank from/to the nRelated Party for FY202626 for0 against
1 abstained
- Material Related Party Transactions for undertaking repurchase (repo) transactions and nother permitted short-term borrowing transactions by the Bank with the Related Party for nFY202632 for0 against
1 abstained
- Material Related Party Transactions for undertaking reverse repurchase (reverse repo) ntransactions and other permitted short-term lending transactions by the Bank with the nRelated Party for FY202632 for0 against
1 abstained
- Material Related Party Transactions pertaining to foreign exchange and derivative ntransactions by the Bank with the Related Parties for FY20266 for0 against
1 abstained
- Material Related Party Transactions for availing insurance services by the Bank from the nRelated Party for FY202626 for0 against
1 abstained
- Material Related Party Transactions for rendering of insurance services by ICICI Prudential nLife Insurance Company Limited, subsidiary of the Bank for FY202626 for0 against
1 abstained
- Material Related Party Transactions for dividend payout by ICICI Prudential Asset nManagement Company Limited, subsidiary of the Bank for FY202626 for0 against
1 abstained
75 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 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
- Item 5, as a fund house numbered it1 for0 against
- Item 6, as a fund house numbered it1 for0 against
- Item 7, as a fund house numbered it1 for0 against
- Item 8, as a fund house numbered it1 for0 against
- Item 9, as a fund house numbered it1 for0 against
- Item 10, as a fund house numbered it1 for0 against
- Item 11, as a fund house numbered it1 for0 against
- Item 12, as a fund house numbered it1 for0 against
- Item 13, as a fund house numbered it1 for0 against
- Item 14, as a fund house numbered it1 for0 against
- Item 15, as a fund house numbered it1 for0 against
- Item 16, as a fund house numbered it1 for0 against
- Item 17, as a fund house numbered it1 for0 against
- Item 18, as a fund house numbered it1 for0 against
- Item 19, as a fund house numbered it1 for0 against
- Item 20, as a fund house numbered it1 for0 against
- Item 21, as a fund house numbered it1 for0 against
- Item 22, as a fund house numbered it1 for0 against
- Item 23, as a fund house numbered it1 for0 against
- Item 24, as a fund house numbered it1 for0 against
- Item 25, as a fund house numbered it1 for0 against
- Item 26, as a fund house numbered it1 for0 against
- Item 27, as a fund house numbered it1 for0 against
- Item 28, as a fund house numbered it1 for0 against
12) Modify approval for material related party transactions for accepting current account and saving account deposits for FY25, in excess of Rs. 10.0 billion or 10% of annual consolidated turnover of the bank, whichever is lower.MoreLess
1 for0 against13) Modify approval for material related party transactions for subscribing to securities and purchase of securities from ICICI Prudential Life Insurance Company Limited, a 51.2% subsidiary upto Rs. 150.0 bn for FY25.MoreLess
1 for0 against- 14) Modify approval for material related party transactions for sale of securities to ICICI Prudential Life Insurance Company Limited, a 51.2% subsidiary upto Rs. 150.0 bn for FY25.1 for0 against
19) Approve material related party transactions for subscribing to securities and purchase of securities from ICICI Prudential Life Insurance Company Limited, a 51.20% subsidiary upto Rs. 150.0 bn, ICICI Lombard General Insurance Company Limited, a 51.27% subsidiary upto Rs. 50.0 bn and India Infradebt Limited, a 42.33% associate upto Rs. 75.0 bn for FY26.MoreLess
1 for0 against20) Approve material related party transactions for sale of securities to ICICI Prudential Life Insurance Company Limited, a 51.20% subsidiary upto Rs. 150.0 bn, ICICI Lombard General Insurance Company Limited, a 51.27% subsidiary upto Rs. 60.0 bn and India Infradebt Limited, a 42.33% associate upto Rs. 40.0 bn for FY26.MoreLess
1 for0 against- Accept Financial Statements and Statutory Reports1 for0 against
1 abstained
- Approve B S R & Co. LLP, Chartered Accountants as Joint Statutory Auditors1 for0 against
1 abstained
- Approve C N K & Associates LLP, Chartered Accountants as Joint Statutory Auditors1 for0 against
1 abstained
- Approve material related party transactions for accepting current account deposits for FY26, in excess of Rs 10 billion or 10% of annual consolidated turnover of the bank, whichever is lower1 for0 against
Approve material related party transactions for foreign exchange and derivative transactions with ICICI Lombard General Insurance Company Limited, a 51.27% subsidiary, upto Rs. 12.0 bn, ICICI Prudential Life Insurance Company Limited, a 51.2% subsidiary, upto Rs. 50.0 bn and ICICI Securities Limited, a 74.7% subsidiary at actuals for FY26MoreLess
1 for0 againstApprove material related party transactions for foreign exchange and derivative transactions with ICICI Prudential Life Insurance Company Limited, a 51.2% subsidiary and ICICI Securities Limited, a 74.7% subsidiary for FY25MoreLess
1 for0 against- Approve material related party transactions for payment of dividend by ICICI Prudential Asset Management Company Limited, a 51.0% subsidiary for FY251 for0 against
- Approve material related party transactions for payment of dividend by ICICI Prudential Asset Management Company Limited, a 51.0% subsidiary for FY261 for0 against
Approve material related party transactions for providing fund based and non-fund-based credit facilities to ICICI Prudential Life Insurance Company Limited, a 51.27% subsidiary upto Rs. 25.0 bn and ICICI Securities Limited, a 74.73% subsidiary upto Rs. 60.0 bn for FY26MoreLess
1 for0 against- Approve material related party transactions for purchase/sale of loans to India Infradebt Limited, a 42.33% associate upto Rs. 30.0 bn for FY261 for0 against
Approve material related party transactions for sale of securities to ICICI Prudential Life Insurance Company Limited, a 51.20% subsidiary upto Rs. 150.0 bn, ICICI Lombard General Insurance Company Limited, a 51.27% subsidiary upto Rs. 60.0 bn and India Infradebt Limited, a 42.33% associate upto Rs. 40.0 bn for FY26MoreLess
3 for0 against- Approve Material Related Party Transactions for sale of Securities to the Related Parties (Issued by Related or Unrelated Parties) by the Bank for FY20261 for0 against
1 abstained
Approve material related party transactions for subscribing to securities and purchase of securities from ICICI Prudential Life Insurance Company Limited, a 51.20% subsidiary upto Rs. 150.0 bn, ICICI Lombard General Insurance Company Limited, a 51.27% subsidiary upto Rs. 50.0 bn and India Infradebt Limited, a 42.33% associate upto Rs. 75.0 bn for FY26MoreLess
3 for0 againstApprove material related party transactions with ICICI Prudential Life Insurance Company Limited, a 51.2% subsidiary and all related parties of the Bank and its subsidiaries that are not related parties of ICICI Pru Life and its subsidiary for availing insurance services for FY25MoreLess
1 for0 againstApprove material related party transactions with ICICI Prudential Life Insurance Company Limited, a 51.2% subsidiary and all related parties of the Bank and its subsidiaries that are not related parties of ICICI Pru Life and its subsidiary for availing insurance services for FY26MoreLess
1 for0 against- Approve material related party transactions with ICICI Prudential Life Insurance Company Limited, a 51.2% subsidiary for availing insurance services for FY261 for0 against
Approve Modification of Earlier Approved Material Related Party Transactions for Subscription of Securities Issued by the Related Party and Purchase of Securities from the Related Party (Issued by Related or Unrelated Parties) by the Bank for FY2025MoreLess
1 for0 against1 abstained
Material Related Party Transactions for availing insurance services by the Bank from the Related Party for FY 2026, may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, provided however, that the said contracts/ arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of the Bank.MoreLess
5 for0 againstMaterial Related Party Transactions for dividend payout by ICICI Prudential Asset Management Company Limited, subsidiary of the Bank for FY 2025, may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, for each such Party, provided however, that the said contracts/ arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of ICICI Prudential Asset Management Company Limited.MoreLess
5 for0 againstMaterial Related Party Transactions for dividend payout by ICICI Prudential Asset Management Company Limited, subsidiary of the Bank for FY 2026, may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, for each such Party, provided however, that the said contracts/ arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of ICICI Prudential Asset Management Company Limited.MoreLess
5 for0 againstMaterial Related Party Transactions for granting of fund based and/ or non- fund based credit facilities by the Bank to the Related Parties for FY 2026, may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, for each such Party, provided however, that the said contracts/ arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of the Bank.MoreLess
3 for0 againstMaterial Related Party Transactions for purchase/ sale of loans by the Bank from/ to the Related Party for FY 2026, may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, provided however, that the said contracts/ arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of the Bank.MoreLess
5 for0 againstMaterial Related Party Transactions for rendering of insurance services by ICICI Prudential Life Insurance Company Limited, subsidiary of the Bank for FY 2025, may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, for each such Party, provided however, that the said contracts/ arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of ICICI Prudential Life Insurance Company Limited.MoreLess
5 for0 againstMaterial Related Party Transactions for rendering of insurance services by ICICI Prudential Life Insurance Company Limited, subsidiary of the Bank for FY 2026, may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, for each such Party, provided however, that the said contracts/ arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of ICICI Prudential Life Insurance Company Limited.MoreLess
5 for0 againstMaterial Related Party Transactions for sale of securities to the Related Parties (issued by related or unrelated parties) by the Bank for FY 2026, may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, for each such Party, provided however, that the said contracts/ arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of the Bank.MoreLess
25 for0 againstMaterial Related Party Transactions for subscription of securities issued by the Related Parties and purchase of securities from the Related Parties (issued by related or unrelated parties) by the Bank for FY 2026, may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, for each such Party, provided however, that the said contracts/ arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of the Bank.MoreLess
25 for0 againstMaterial Related Party Transactions for Subscription of Securities Issued by the Related Parties and Purchase of Securities from the Related Parties (Issued by Related or Unrelated Parties) by the Bank for FY2026MoreLess
1 for0 against1 abstained
Material Related Party Transactions pertaining to foreign exchange and derivative transactions by the Bank with the Related Parties for FY 2025, may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, for each such Party, provided however, that the said contracts/ arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of the Bank.MoreLess
25 for0 againstMaterial Related Party Transactions pertaining to foreign exchange and derivative transactions by the Bank with the Related Parties for FY 2026, may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, for each such Party, provided however, that the said contracts/ arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of the Bank.MoreLess
25 for0 againstModification of earlier approved Material Related Party Transactions for acceptance of Current account and Savings account (CASA) deposits by the Bank from the Related Parties for FY 2025, may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, for each such Party, provided however, that the said contracts/ arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of the Bank.MoreLess
5 for0 againstModification of earlier approved Material Related Party Transactions for sale of securities to the Related Party (issued by related or unrelated parties) by the Bank for FY 2025, may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, provided however, that the said contracts/ arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of the Bank.MoreLess
25 for0 againstModification of earlier approved Material Related Party Transactions for subscription of securities issued by the Related Party and purchase of securities from the Related Party (issued by related or unrelated parties) by the Bank for FY 2025, may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, provided however, that the said contracts/ arrangements/ transactions shall be carried out on an arm’s length basis and in the ordinary course of business of the Bank.MoreLess
25 for0 againstModify approval for material related party transactions for accepting current account and saving account deposits for FY25, in excess of Rs. 10.0 billion or 10% of annual consolidated turnover of the bank, whichever is lowerMoreLess
2 for0 against- Modify approval for material related party transactions for sale of securities to ICICI Prudential Life Insurance Company Limited, a 51.2% subsidiary upto Rs. 150.0 bn for FY253 for0 against
Modify approval for material related party transactions for subscribing to securities and purchase of securities from ICICI Prudential Life Insurance Company Limited, a 51.2% subsidiary upto Rs. 150.0 bn for FY25MoreLess
3 for0 against- Ordinary Resolution for Material Related Party Transactions for sale of securities to the Related Parties (issued by related or unrelated parties) by the Bank for FY20261 for0 against
Ordinary Resolution for Material Related Party Transactions for subscription of securities issued by the Related Parties and purchase of securities from the Related Parties (issued by related or unrelated parties) by the Bank for FY2026MoreLess
1 for0 againstOrdinary Resolution for modification of earlier approved Material Related Party Transactions for subscription of securities issued by the Related Party and purchase of securities from the Related Party (issued by related or unrelated parties) by the Bank for FY2025MoreLess
1 for0 against- To approve, Material Related Party Transactions for sale of securities to the Related Parties (issued by related or unrelated parties) by the Bank for FY2026.1 for0 against
To approve, Material Related Party Transactions for subscription of securities issued by the Related Parties and purchase of securities from the Related Parties (issued by related or unrelated parties) by the Bank for FY2026.MoreLess
1 for0 againstTo approve, Modification of earlier approved Material Related Party Transactions for subscription of securities issued by the Related Party and purchase of securities from the Related Party (issued by related or unrelated parties) by the Bank for FY2025.MoreLess
1 for0 againstTo receive, consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2024 together with the Reports of the Directors and the Auditors thereon.MoreLess
1 for0 against
Mutual fund votes, meeting of 14 May 2024, 35 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Mr. Pradeep Kumar Sinha (DIN: 00145126) as an Independent Director with effect from February 17, 2024
Against Quantum Mutual Fund
- Quantum Mutual FundFor the following Governance reason we vote against the resolution. We do not have any concern on the profile and time commitments of Mr. Pradeep Kumar Sinha. However, the management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Sinha. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the appointment of Mr. Pradeep Kumar Sinha as an Independent Director.
32 for1 against1 abstained
- Compensation payable to Mr. Pradeep Kumar Sinha (DIN: 00145126) as Non-Executive Part-time Chairman with effect from July 1, 2024 or the date of approval from Reserve Bank of India, whichever is later
Against Quantum Mutual Fund
- Quantum Mutual FundFor the following Governance reason we vote against the resolution. We do not have any concern with the proposed remuneration to Mr. Pradeep Kumar Sinha. However, since we do not favour his appointment, we do not support this resolution.
32 for1 against1 abstained
- Revision in compensation in the form of fixed remuneration payable to the Non-Executive Directors (other than part-time Chairman and the Director nominated by the Government of India)33 for0 against
1 abstained
- Revision in fixed remuneration of Mr. Girish Chandra Chaturvedi (DIN: 00110996), Non-Executive (Part-time) Chairman33 for0 against
1 abstained
- Appointment of Mr. Ajay Kumar Gupta (DIN: 07580795) as a Director and Whole-time Director (designated as Executive Director) with effect from March 15, 2024 and payment of remuneration to him
Against Quantum Mutual Fund
- Quantum Mutual FundFor the following Governance reason we vote against the resolution. We do not have any concern on the profile ,time commitments and remuneration proposed to Mr. Ajay Kumar Gupta. The management of ICICI bank took a decision to acquire minority shares in its subsidiary ICICI Securities at a share swap ratio which is detrimental to the interests of minority shareholders of ICICI Securities. This was not opposed by ICICI Bank Directors including Mr. Gupta. The poor swap ratio has already caused significant reputational damage for ICICI Bank and may lead to derating of the valuation of the company in the future. Therefore, we are not in favour of the appointment of Mr. Ajay Kumar Gupta as an Executive Director.
32 for1 against1 abstained
5 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 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
- Item 5, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 27 Mar 2024, 34 fund houses
To approve the Scheme of Arrangement amongst ICICI Bank Limited (“Bank”) and ICICI Securities Limited (“ICICI Securities” or “the Company”) and their respective shareholders for delisting of equity shares of ICICI Securities by issuing equity shares of the Bank to the public shareholders of ICICI Securities in lieu of cancellation of their equity shares in the CompanyMoreLess
Against ITI Mutual Fund, LIC Mutual Fund, Mahindra Manulife Mutual Fund, Quantum Mutual Fund
- ITI Mutual FundICICI Securities is engaged in the business of broking (institutional and retail) including allied services of extending margin trade finance and employee stock options finance, distribution of financial products, merchant banking and advisory services. It is a high cash flow generating company. The broking business, although dependant on macro indicators, is a structural play in the sense that retail and HNI participation in the equity markets is on a rise. We believe that the valuation of the company should be higher than what is reflected in the current market price. We believe that the fair way to discover the price at which a scrip can be delisted is through its discovery in a reverse bidding process. We believe that a static fair value decided by the promoter of the company may not reflect the fair potential of the stock price. Hence, we would vote against the resolution.
- LIC Mutual FundICICI Sec is presently trading at a discount compared to its closest competitor. Since the valuation study conducted by the company for delisting in June 2023, both the business environment and the company's performance have improved. In Q3FY24, the reported PAT increased by 65%, indicating improved business fundamentals. We believe the current swap ratio is unfavorable to minority shareholders. Therefore, we recommend voting against the resolution
- Mahindra Manulife Mutual FundThe terms of scheme of merger with subsidiary could have been better in favor of minority shareholders of the subsidiary.
- Quantum Mutual FundWhile there is a near term benefit to ICICI Bank as the merger ratio of acquiring ICICI Securities Ltd is favourable to ICICI Bank shareholders, there is a potential of long-term damage to reputation of ICICI Bank as it may be perceived as having “bad governance” for trying to acquire ICICI securities at below fair value and profiting at the cost of minority shareholders. For the detailed rationale pls refer the attached note. https://www.quantumamc.com/FileCDN/Downloads/pdfs/2024/Rational-For-Vote-ISEC-Merger-with-ICICI-Bank.pdf
29 for4 against1 abstained
Mutual fund votes, meeting of 30 Aug 2023, 29 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 202324 for0 against
1 abstained
- Declaration of dividend on equity shares for the financial year ended March 31, 202325 for0 against
2 abstained
- Re-appointment of Mr. Sandeep Bakhshi as a Director (DIN: 00109206), who retires by rotation and, being eligible, offers himself for re-appointment23 for0 against
1 abstained
- Re-appointment of M/s M S K A & Associates, Chartered Accountants (Registration No. 105047W) as one of the Joint Statutory Auditors of the Bank.20 for0 against
1 abstained
- Re-appointment of M/s KKC & Associates LLP, Chartered Accountants (formerly M/s Khimji Kunverji & Co LLP) (Registration No. 105146W/W100621) as one of the Joint Statutory Auditors of the Bank26 for0 against
2 abstained
- Re-appointment of Mr. Hari L. Mundra (DIN: 00287029) as an Independent Director of the Bank25 for0 against
2 abstained
- Re-appointment of Mr. B. Sriram (DIN: 02993708) as an Independent Director of the Bank25 for0 against
2 abstained
- Re-appointment of Mr. S. Madhavan (DIN: 06451889) as an Independent Director of the Bank25 for0 against
2 abstained
- Revision in remuneration of Mr. Sandeep Bakhshi (DIN: 00109206), Managing Director & Chief Executive Officer of the Bank25 for0 against
2 abstained
- Revision in remuneration of Mr. Sandeep Batra (DIN: 03620913), Executive Director of the Bank25 for0 against
2 abstained
- Revision in remuneration of Mr. Rakesh Jha (DIN: 00042075), Executive Director of the Bank25 for0 against
2 abstained
- Revision in remuneration of Mr. Anup Bagchi (DIN: 00105962), erstwhile Executive Director of the Bank25 for0 against
2 abstained
- Re-appointment of Mr. Sandeep Bakhshi (DIN: 00109206) as the Managing Director & Chief Executive Officer of the Bank25 for0 against
2 abstained
- Material Related Party Transactions for sale of securities (issued by related or unrelated parties) to Related Party for FY202422 for0 against
2 abstained
- Material Related Party Transactions for current account deposits for FY202526 for0 against
2 abstained
- Material Related Party Transactions for subscription of securities issued by Related Parties and purchase of securities from Related Parties (issued by related or unrelated parties) for FY202525 for0 against
2 abstained
- Material Related Party Transactions for sale of securities (issued by related or unrelated parties) to Related Parties for FY202522 for0 against
2 abstained
- Material Related Party Transactions for fund-based and/or non-fund based credit facilities for FY202526 for0 against
2 abstained
- Material Related Party Transactions for undertaking repurchase (repo) transactions and other permitted short-term borrowing transactions with the Related Party for FY202526 for0 against
2 abstained
- Material Related Party Transactions for undertaking reverse repurchase (reverse repo) and other permitted short-term lending transactions with the Related Party for FY202526 for0 against
2 abstained
39 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 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
- Item 6, as a fund house numbered it1 for0 against
- Item 7, as a fund house numbered it1 for0 against
- Item 8, as a fund house numbered it1 for0 against
- Item 9, as a fund house numbered it1 for0 against
- Item 10, as a fund house numbered it1 for0 against
- Item 11, as a fund house numbered it1 for0 against
- Item 12, as a fund house numbered it1 for0 against
- Item 13, as a fund house numbered it1 for0 against
- Item 14, as a fund house numbered it1 for0 against
- Item 17, as a fund house numbered it1 for0 against
- Item 21, as a fund house numbered it1 for0 against
- Item 22, as a fund house numbered it1 for0 against
1. Ordinary Resolution for adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2023 2. Ordinary Resolution for declaration of dividend on equity shares for the year ended March 31, 2023 at the rate of Rs.8 per equity share 3. Ordinary Resolution for re-appointment of Mr. Sandeep Bakhshi as a Director (DIN: 00109206), who retires by rotation and, being eligible, offers himself for re-appointment 4. Ordinary Resolution for re-appointment of M/s M S K A & Associates, Chartered Accountants (Registration No. 105047W) as one of the Joint Statutory Auditors of the Bank 5. Ordinary Resolution for re-appointment of M/s KKC & Associates LLP, Chartered Accountants (formerly M/s Khimji Kunverji & Co LLP) (Registration No. 105146W/W100621) as one of the Joint Statutory Auditors of the Bank 6. Special Resolution for re-appointment of Mr. Hari L. Mundra (DIN: 00287029) as an Independent Director of the Bank 7. Special Resolution for re-appointment of Mr. B. Sriram (DIN: 02993708) as an Independent Director of the Bank 8. Special Resolution for re-appointment of Mr. S. Madhavan (DIN: 06451889) as an Independent Director of the Bank 9. Ordinary Resolution for revision in remuneration of Mr. Sandeep Bakhshi (DIN: 00109206), Managing Director & Chief Executive Officer of the Bank 10. Ordinary Resolution for revision in remuneration of Mr. Sandeep Batra (DIN: 03620913), Executive Director of the Bank 11. Ordinary Resolution for revision in remuneration of Mr. Rakesh Jha (DIN: 00042075), Executive Director of the Bank 12. Ordinary Resolution for revision in remuneration of Mr. Anup Bagchi (DIN: 00105962), erstwhile Executive Director of the Bank 13. Ordinary Resolution for re-appointment of Mr. Sandeep Bakhshi (DIN: 00109206), as Managing Director & Chief Executive Officer of the Bank 14. Ordinary Resolution for Material Related Party Transactions for sale of securities (issued by related or unrelated parties) to Related Party for FY2024 15. Ordinary Resolution for Material Related Party Transactions for Current account deposits for FY2025 16.Ordinary Resolution for Material Related Party Transactions for subscription of securities issued by Related Parties and purchase of securities from Related Parties (issued by related or unrelated parties) for FY2025 17. Ordinary Resolution for Material Related Party Transactions for sale of securities (issued by related or unrelated parties) to Related Parties for FY2025 18. Ordinary Resolution for Material Related Party Transactions for fund based and/or non-fund based credit facilities for FY2025 19. Ordinary Resolution for Material Related Party Transactions for undertaking repurchase (repo) transactions and other permitted short-term borrowing transactions with the Related Party for FY2025 20. Ordinary Resolution for Material Related Party Transactions for undertaking reverse repurchase (reverse repo) and other permitted short-term lending transactions with the Related Party for FY2025 21. Ordinary Resolution for Material Related Party Transactions for availing manpower services for certain activities from Related Party for FY2025 22. Ordinary Resolution for Material Related Party Transactions for availing insurance services from Related Party for FY2025MoreLess
1 for0 against- 14) Approve material related party transactions for sale of securities to India Infradebt Limited upto Rs. 40.0 bn for FY241 for0 against
- 21) Approve material related party transactions with I-Process Services (India) Private Limited (associate company) for availing manpower services for FY25 upto Rs. 20.0 bn.1 for0 against
- 22) Approve material related party transactions with ICICI Prudential Life Insurance Company Limited (51.27% subsidiary) for availing insurance services for FY25.1 for0 against
- 4) Reappoint MSKA & Associates as Joint Statutory Auditors from the conclusion of 2023 AGM till the conclusion of 2024 AGM and fix their remuneration for FY24.1 for0 against
- Accept Financial Statements and Statutory Reports1 for0 against
1 abstained
- Approve M S K A & Associates, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration1 for0 against
1 abstained
- Approve Material Related Party Transactions for Availing Insurance Services from Related Party for FY20251 for0 against
1 abstained
- Approve Material Related Party Transactions for Availing Manpower Services for Certain Activities from Related Party for FY20251 for0 against
1 abstained
Approve material related party transactions for sale of securities to ICICI Prudential Life Insurance Company Limited upto Rs. 70.0 bn, ICICI Lombard General Insurance Company Limited upto Rs.60.0 bn and India Infradebt Limited upto Rs. 40.0 bn for FY25MoreLess
1 for0 against- Approve material related party transactions for sale of securities to India Infradebt Limited upto Rs. 40.0 bn for FY242 for0 against
Approve material related party transactions for subscribing to securities and purchase of securities from ICICI Prudential Life Insurance Company Limited upto Rs. 55.0 bn, ICICI Lombard General Insurance Company Limited upto Rs. 50.0 bn and India Infradebt Limited upto Rs. 50.0 bn for FY25MoreLess
1 for0 against- Approve material related party transactions with I-Process Services (India) Private Limited (associate company) for availing manpower services for FY25 upto Rs. 20.0 bn2 for0 against
- Approve material related party transactions with ICICI Prudential Life Insurance Company Limited (51.27% subsidiary) for availing insurance services for FY252 for0 against
Material Related Party Transactions for availing insurance services from Related Party for FY2025 may exceed Rs 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, provided however, that the said contracts/arrangements/transactions shall be carried out on an arm’s length basis and in the ordinary course of business of the Bank.MoreLess
20 for0 against1 abstained
Material Related Party Transactions for availing manpower services for certain activities from Related Party for FY2025 may exceed Rs. 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, provided however, that the said contracts/arrangements/ transactions shall be carried out on an arms length basis and in the ordinary course of business of the Bank.MoreLess
20 for0 against1 abstained
Material Related Party Transactions for sale of securities (issued by related or unrelated parties) to Related Parties for FY2025 may exceed Rs 10.00 billion or 10% of the annual consolidated turnover of the Bank as per the last audited financial statements of the Bank, whichever is lower, as prescribed under the Applicable Laws or any other materiality threshold, as may be applicable from time to time, for each such Party, provided however, that the said contracts/ arrangements/transactions shall be carried out on an arms length basis and in the ordinary course of business of the Bank.MoreLess
2 for0 against- Reappoint MSKA & Associates as Joint Statutory Auditors from the conclusion of 2023 AGM till the conclusion of 2024 AGM and fix their remuneration for FY242 for0 against
- Reappoint Sandeep Bakshi (DIN: 00109206) as Director, liable to retire by rotation1 for0 against
- Reelect Sandeep Bakhshi as Director1 for0 against
1 abstained
- To approve, Material Related Party Transactions for availing insurance services from Related Party for FY2025.1 for0 against
- To approve, Material Related Party Transactions for availing manpower services for certain activities from Related Party for FY2025.1 for0 against
- To approve, Re-appointment of M/ s M S K A & Associates, Chartered Accountants (Registration No. 1 05047W) as one of the Joint Statutory Auditors of the Bank.1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and stakes in unlisted companies
Reported in the filing for the quarter to Jun 2026.
- Unlisted stake boughtSahamati FoundationSince 24 Apr 2026
8.50% bought in the quarter; holding 8.50%, from 0.00%
- Unlisted stake boughtDigital Payment Intelligence CorporationSince 29 May 2026
7.09% bought in the quarter; holding 7.09%, from 0.00%
- Unlisted stake boughtBICXO Technology Solutions Private LimitedSince 27 Jun 2026
8.39% bought in the quarter; holding 8.39%, from 0.00%
- Fine or penaltyRBISince 7 Apr 2026₹200
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 7 Apr 2026₹1,000
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 7 Apr 2026₹50
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 10 Apr 2026₹500
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 16 Apr 2026₹6,700
Penalty in CVPS processing
Shortage in CVPS processing
43 more
- Fine or penaltyRBISince 17 Apr 2026₹250
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 24 Apr 2026₹100
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 24 Apr 2026₹100
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 24 Apr 2026₹500
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 4 May 2026₹925
Penal interest levied by RBI
Penal interest levied for incorrect reporting - Fine or penaltyRBISince 12 May 2026₹100
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 12 May 2026₹350
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 12 May 2026₹200
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 12 May 2026₹350
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 12 May 2026₹100
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 12 May 2026₹150
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 20 May 2026₹1,500
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 21 May 2026₹500
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 21 May 2026₹50
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 21 May 2026₹50
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 21 May 2026₹350
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 21 May 2026₹100
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 21 May 2026₹2,700
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 21 May 2026₹2,000
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 21 May 2026₹50
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 21 May 2026₹150
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 25 May 2026₹1,000
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 25 May 2026₹700
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 25 May 2026₹50
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 25 May 2026₹300
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 27 May 2026₹100
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 27 May 2026₹300
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 27 May 2026₹200
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 1 Jun 2026₹50
Penalty during RBI Inspection
Irregularities found during inspection - Fine or penaltyRBISince 6 Jun 2026₹250
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 6 Jun 2026₹750
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 8 Jun 2026₹4,700
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 18 Jun 2026₹100
Penalty in CVPS processing
Shortage in CVPS processing - Fine or penaltyRBISince 24 Jun 2026₹100
Penalty in CVPS processing
Mutilated note in CVPS processing - Fine or penaltyRBISince 30 Jun 2026₹10,000
Penalty during RBI Inspection
Irregularities found during inspection - Fine or penaltyRBISince 16 Apr 2026₹10,000
Penalty on RBI Incognito Visits
Branch is not providing exchange facility for the mutilated notes to the general public - Fine or penaltyRBISince 14 May 2026₹5,000
Penalty on RBI Incognito Visits
No record found of exchange facility for the mutilated notes to the general public - Fine or penaltyRBISince 27 May 2026₹10,000
Penalty on RBI Incognito Visits
Bank Branch is not extending the exchange of soiled/mutilated notes facilities for non-customers - Fine or penaltyRBISince 14 May 2026₹10,000
Penalty on RBI Incognito Visits
For not exchanging mutilated notes - Fine or penaltyRBISince 13 May 2026₹10,000
Penalty on RBI Incognito Visits
Bank branch is not providing exchange facility for the mutilated notes to the general public - Fine or penaltyRBISince 8 Jun 2026₹10,000
Penalty on RBI Incognito Visits
For non-adjudication of mutilated notes - Fine or penaltyRBISince 29 Apr 2026₹20,000
Penalty of Rs. 10,000 as stipulated in penalties/penal provisions for Bank Branches and Currency Chests for deficiency in rendering customer service and reporting of transactions/balances
Non-availability of cash in a particular ATM for more than 10 hours in a month (Penalty pertained to 2 ATM, Rs. 10,000/- is levied for each ATM) - Fine or penaltyRBISince 29 May 2026₹30,000
Penalty of Rs. 10,000 as stipulated in penalties/penal provisions for Bank Branches and Currency Chests for deficiency in rendering customer service and reporting of transactions/balances
Non-availability of cash in a particular ATM for more than 10 hours in a month (Penalty pertained to 3 ATM, Rs. 10,000/- is levied for each ATM)
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
At most 20 complaints open, quarter to Mar 2025.
- 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
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Dec 2025. The company's results filing for the quarter to Sep 2026 says no statement of how money raised was used applies to it.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| OthersNov 2025 | 3,945.00 | 100% of the proceeds of the Issue shall be utilised towards augmenting Tier 2 Capital (as defined in the Basel III Regulations) and overall capital of the Issuer for strengthening its capital adequacy and for enhancing its long term resources. | 3,945.00 | 3,945.00 | No |
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.