Share price at the NSE close on 23 Oct 2026. Previous close ₹855.70.
- 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.
- ₹1,12,761 Cr89th 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 15 Oct 2026
- 8.5
- 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 15 Oct 2026
- 1.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.18%
- 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 15 Oct 2026
- 16.1%
- 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.
- 3.07%
- 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.
- 1.61%
- 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.
- 0.14%
- 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.
- 15.18%
- 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.
- 1.25%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 7,17,56444.1% delivered
Indian Bank board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing director and CEOBINOD KUMAR
- Company Secretary and Compliance OfficerDina Nath Kumar
9 directors3 independent4 executive2 non-executive
- BINOD KUMAR · Chairperson and managing director and CEOExecutive · joined Jan 2025 · 1 listed board
- ASHUTOSH CHOUDHURYExecutive · joined May 2023 · reappointed May 2026 · 3 listed boards · 2 committee seats, 1 as chair
- SHIV BAJRANG SINGHExecutive · joined Oct 2023 · 3 listed boards · 1 committee seat
- MINI T MExecutive · joined Nov 2025 · 2 listed boards · 2 committee seats
- SAMIR KUMARNominee, non-executive · joined May 2026 · 1 listed board
- K NIKHILANominee, non-executive · joined Jul 2023 · 1 listed board · 1 committee seat
- SANJEEV MAHESHWARIIndependent · joined Dec 2024 · 21 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- BHUPINDER SINGH BHALLAIndependent · joined Dec 2025 · 9 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- SOMESH BISWASIndependent · joined Aug 2026 · 1 month as independent · 1 listed board · 1 as independent · 1 committee seat
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.
8 directors who left
- Brajesh Kumar Singh, left 1 Jun 2026: Others
- Alok Pande, left 13 May 2026: Others
- Balmukund Sahay, left 11 Apr 2026: Tenure Completion
- Vishvesh Kumar Goel, left 11 Apr 2026: Tenure Completion
- Pradeep Kumar Malhotra, left 28 Nov 2025: Others
- Mahesh Kumar Bajaj, left 1 Jul 2025: Tenure Completion
- Shanti Lal Jain, left 1 Jan 2025: Tenure Completion
- Papia Sengupta, left 29 Oct 2024: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 16 Sep 20268 of 9 present2 independent · 51 days in between
- 26 Jul 20268 of 8 present2 independent · no day in between
- 25 Jul 20268 of 8 present2 independent · 14 days in between
- 10 Jul 20268 of 8 present2 independent · 17 days in between
2 earlier meetings
- 22 Jun 20268 of 8 present2 independent · 53 days in between
- 29 Apr 20268 of 9 present2 independent
Audit Committee
Chair SANJEEV MAHESHWARI
K NIKHILA, BHUPINDER SINGH BHALLA
- 24 Aug 20263 of 3 present2 independent · 44 days in between
- 10 Jul 20263 of 3 present2 independent · 28 days in between
- 11 Jun 20263 of 3 present2 independent · 42 days in between
- 29 Apr 20263 of 3 present2 independent
Nomination and remuneration committee
Chair BHUPINDER SINGH BHALLA
SOMESH BISWAS, SANJEEV MAHESHWARI
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair BHUPINDER SINGH BHALLA
ASHUTOSH CHOUDHURY, SHIV BAJRANG SINGH, MINI T M, SOMESH BISWAS
- 4 Jun 20265 of 5 present2 independent
Risk Management Committee
Chair SOMESH BISWAS
BINOD KUMAR, ASHUTOSH CHOUDHURY, SANJEEV MAHESHWARI, BHUPINDER SINGH BHALLA
- 8 Sep 20265 of 5 present3 independent · 14 days 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.
- M/s G Balu Associates LLP, Chartered AccountantsPeer-review certificate valid to Jun 2028
- M/s Dass Gupta & Associates, Chartered AccountantsPeer-review certificate valid to Jul 2027
- M/s Arun K Agarwal & Associates, Chartered AccountantsPeer-review certificate valid to Jan 2028
- M/s S P A R K & Associates Chartered Accountants LLPPeer-review certificate valid to Mar 2029
- M/s Bhatia & Bhatia, Chartered AccountantsPeer-review certificate valid to Sep 2027
5 earlier auditors
- M/s Kailash Chand Jain & Co.Named in the filing for the quarter to Mar 2025
- M/s S Singhal & Co.Named in the filing for the quarter to Mar 2025
- M/s G Balu Associates LLPNamed in the filing for the quarter to Mar 2025
- M/s Dass Gupta & AssociatesNamed in the filing for the quarter to Mar 2025
- M/s Arun K Agarwal & AssociatesNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Indian 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.Indian Bank dividend history
Annual general meeting, 17 Jun 2026
3,30,587 shareholders on the register on 10 Jun 2026; present: 1 promoter and 79 others; votes counted by S.N. VISHWANATHAN / S.N. ANANTHASUBRAMANIAN & CO..The company's voting result (opens in a new tab)
To discuss, approve and adopt the Audited Balance Sheet of the Bank as at March 31, 2026 the Profit and Loss account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and AccountsMoreLess
Ordinary97.65% for2.35% againstAgainst: promoters 0.00% · institutions 10.38% · other public 0.35%
Turnout: all 95.50% · promoters 100.00% · institutions 92.21% · other public 0.18%
- To declare dividend on Equity Shares of the BankOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.35%
Turnout: all 95.54% · promoters 100.00% · institutions 92.35% · other public 0.18%
- To approve extension of tenure/ re-appointment of Shri Ashutosh Choudhury, Executive Director of the BankOrdinary95.45% for4.55% against
Against: promoters 0.00% · institutions 20.06% · other public 4.54%
Turnout: all 95.52% · promoters 100.00% · institutions 92.28% · other public 0.18%
- To raise equity capital aggregating upto Rs. 5000 Crore (including premium) through QIP/ FPO/ Rights Issue or in combination thereofSpecial99.96% for0.04% against
Against: promoters 0.00% · institutions 0.19% · other public 1.08%
Turnout: all 95.51% · promoters 100.00% · institutions 92.22% · other public 0.18%
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.
Extraordinary general meeting, 9 Jan 2026, 1 resolution
3,31,559 shareholders on the register on 2 Jan 2026; present: 1 promoter and 35 others; votes counted by MALATI KUMAR / S.N. ANANTHASUBRAMANIAN & CO..The company's voting result (opens in a new tab)
- To approve the appointment of Ms. Mini T M, Executive Director of the BankOrdinary95.69% for4.31% against
Against: promoters 0.00% · institutions 19.28% · other public 1.21%
Turnout: all 95.07% · promoters 100.00% · institutions 90.51% · other public 0.19%
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, 17 Jun 2025, 7 resolutions
3,38,686 shareholders on the register on 10 Jun 2025; present: 1 promoter and 33 others; votes counted by S.N. VISHWANATHAN / S.N. ANANTHASUBRAMANIAN & CO..The company's voting result (opens in a new tab)
To discuss, approve and adopt the Audited Balance Sheet of the Bank as at March 31, 2025, the Profit and Loss account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and AccountsMoreLess
Ordinary99.26% for0.74% againstAgainst: promoters 0.00% · institutions 3.38% · other public 0.99%
Turnout: all 94.62% · promoters 100.00% · institutions 92.14% · other public 0.05%
- To declare dividend on Equity Shares of the BankOrdinary99.93% for0.07% against
Against: promoters 0.00% · institutions 0.30% · other public 0.98%
Turnout: all 94.64% · promoters 100.00% · institutions 92.27% · other public 0.05%
- To approve appointment of Shri Binod Kumar, Managing Director & Chief Executive Officer (MD & CEO) of the BankOrdinary98.80% for1.20% against
Against: promoters 0.00% · institutions 5.47% · other public 1.18%
Turnout: all 94.63% · promoters 100.00% · institutions 92.20% · other public 0.05%
- To approve appointment of Shri Vishvesh Kumar Goel, Part-time Non-Official Director of the BankOrdinary98.51% for1.50% against
Against: promoters 0.00% · institutions 6.80% · other public 1.26%
Turnout: all 94.63% · promoters 100.00% · institutions 92.20% · other public 0.05%
- To approve appointment of Shri Balmukund Sahay, Part-time Non-Official Director of the BankOrdinary92.83% for7.17% against
Against: promoters 0.00% · institutions 32.64% · other public 1.14%
Turnout: all 94.63% · promoters 100.00% · institutions 92.20% · other public 0.05%
- To approve appointment of M/s. Shanmugam Rajendran & Associates LLP, Company Secretaries as Secretarial Auditor of the Bank for a term of five years from FY 2025-26 to FY 2029-30Ordinary98.84% for1.16% against
Against: promoters 0.00% · institutions 5.27% · other public 1.14%
Turnout: all 94.62% · promoters 100.00% · institutions 92.14% · other public 0.05%
- To raise equity capital aggregating upto Rs. 5000 Crore (including premium) through QIP/ FPO/ Rights Issue or in combination thereofSpecial99.93% for0.07% against
Against: promoters 0.00% · institutions 0.30% · other public 0.98%
Turnout: all 94.63% · promoters 100.00% · institutions 92.20% · other public 0.05%
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, 15 Jun 2024, 5 resolutions
Present: 1 promoter and 29 others.The company's voting result (opens in a new tab)
To discuss, approve and adopt the Audited Balance Sheet of the Bank as at March 31, 2024, the Profit and Loss account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and AccountsMoreLess
Ordinary99.33% for0.67% againstAgainst: promoters 0.00% · institutions 3.36% · other public 4.39%
Turnout: all 92.37% · promoters 100.00% · institutions 83.22% · other public 0.18%
- To declare dividend on Equity Shares of the BankOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 3.77%
Turnout: all 92.40% · promoters 100.00% · institutions 83.37% · other public 0.18%
- To approve appointment of Shri Brajesh Kumar Singh, Executive Director of the BankOrdinary97.54% for2.46% against
Against: promoters 0.00% · institutions 12.24% · other public 10.48%
Turnout: all 92.38% · promoters 100.00% · institutions 83.28% · other public 0.17%
- To approve appointment of Dr. Alok Pande, Non-Executive Director (GOI Nominee Director) of the BankOrdinary93.69% for6.31% against
Against: promoters 0.00% · institutions 31.47% · other public 8.46%
Turnout: all 92.38% · promoters 100.00% · institutions 83.28% · other public 0.17%
- To raise equity capital aggregating upto Rs.5000 Crore (including premium) through QIP/ FPO/ Rights Issue or in combination thereof.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 7.84%
Turnout: all 92.38% · promoters 100.00% · institutions 83.28% · other public 0.18%
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.
Extraordinary general meeting, 21 Mar 2024, 3 resolutions
Present: 1 promoter and 31 others.The company's voting result (opens in a new tab)
- To approve the appointment of Shri Ashutosh Choudhury, ExecutivenDirector (DIN: 09245804) of the BankOrdinary96.96% for3.04% against
Against: promoters 0.00% · institutions 15.33% · other public 1.48%
Turnout: all 92.12% · promoters 100.00% · institutions 82.05% · other public 0.02%
- To approve the appointment of Smt. K. Nikhila, Non-ExecutivenDirector (RBI Nominee Director) of the BankOrdinary97.78% for2.22% against
Against: promoters 0.00% · institutions 11.16% · other public 2.88%
Turnout: all 92.12% · promoters 100.00% · institutions 82.03% · other public 0.02%
- To approve the appointment of Shri Shiv Bajrang Singh, ExecutivenDirector of the BankOrdinary97.79% for2.21% against
Against: promoters 0.00% · institutions 11.14% · other public 1.21%
Turnout: all 92.12% · promoters 100.00% · institutions 82.05% · other public 0.02%
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, 19 Jun 2023, 5 resolutions
Present: 2 promoters and 60 others.The company's voting result (opens in a new tab)
To discuss, approve and adopt the Audited Balance Sheet of the Bank as at March 31, 2023, the Profit and Loss account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and AccountsMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.25%
Turnout: all 92.96% · promoters 100.00% · institutions 85.01% · other public 0.06%
- To declare dividend on Equity Shares of the Bank.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 93.01% · promoters 100.00% · institutions 85.36% · other public 0.06%
- To approve the appointment of Shri Mahesh Kumar Bajaj, Executive DirectorOrdinary96.95% for3.05% against
Against: promoters 0.00% · institutions 21.57% · other public 3.84%
Turnout: all 92.98% · promoters 100.00% · institutions 85.20% · other public 0.06%
- To approve appointment of Dr. Maruthi Prasad Tangirala, Non-Executive Director (Government of India’s Nominee Director)Ordinary95.08% for4.92% against
Against: promoters 0.00% · institutions 34.83% · other public 5.31%
Turnout: all 92.98% · promoters 100.00% · institutions 85.20% · other public 0.06%
- To raise equity capital aggregating upto Rs.4000 Crore (including premium) through QIP/ FPO/ Rights Issue or in combination thereofSpecial99.94% for0.06% against
Against: promoters 0.00% · institutions 0.41% · other public 2.64%
Turnout: all 92.98% · promoters 100.00% · institutions 85.20% · other public 0.06%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 22 Jun 2022, 3 resolutions
Present: 1 promoter and 33 others.The company's voting result (opens in a new tab)
To discuss, approve and adopt the Audited Balance Sheet of the Bank as at 31st March, 2022, the Profit and Loss account for the year ended on that date, the report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and Auditor's report on the Balance Sheet and Accounts.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 2.86%
Turnout: all 92.06% · promoters 100.00% · institutions 89.64% · other public 0.14%
- To declare Dividend on Equity Shares of the BankOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.17%
Turnout: all 92.07% · promoters 100.00% · institutions 89.73% · other public 0.14%
- To raise Equity Capital aggregating upto Rs. 4000 Crore (including premium) through QIP/FPO/Rights Issue or in combination thereof.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.04% · other public 5.85%
Turnout: all 92.07% · promoters 100.00% · institutions 89.73% · other public 0.14%
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, 16 Jul 2021, 2 resolutions
Present: 2 promoters and 126 others.The company's voting result (opens in a new tab)
To discuss, approve and adopt the Audited Balance Sheet of the Bank as at March 31, 2021, the Profit and Loss account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and Accounts.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.42%
Turnout: all 90.40% · promoters 100.00% · institutions 77.24% · other public 0.32%
- To declare dividend on Equity Shares.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.84%
Turnout: all 90.41% · promoters 100.00% · institutions 77.31% · other public 0.32%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 17 Jun 2026, 34 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To discuss, approve and adopt the Audited Balance Sheet of the Bank as at March 31, 2026 the Profit and Loss account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and AccountsMoreLess
Against 360 One Mutual Fund, Angel One Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, Sundaram Mutual Fund, Trust Mutual Fund, Zerodha Mutual Fund
- 360 One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Trust Mutual Fund, Zerodha Mutual FundUnqualified financial statements. Non-Compliant with S.136(1) of the Companies Act & Regulation 46(2)(s) of SEBI LODR: Nondisclosure of the audited financial statements of Subsidiaries for FY 2025-26 on the website of the Bank.
- Angel One Mutual FundNon-disclosure of the audited financial statements of Subsidiaries for FY 2025-26 on the website of the Bank.
- Bank of India Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Sundaram Mutual FundWe have relied upon the auditors’ report, which has raised an Emphasis of Matter regarding the bank’s investment in Saptagiri Grameena Bank (SGB). Pursuant to the amalgamation of SGB with Andhra Pradesh Grameena Bank effective 1 May 2025, the bank received Rs. 62.2 mn towards the face value of its investment in the equity shares of SGB. The difference of Rs. 7.7 bn between the carrying value of the investment and the amount received has been recognized as an exceptional item in the consolidated results. Based on the auditors’ report, which is unqualified, the financial statements are in accordance with generally accepted accounting policies and Indian Accounting Standards (IND-AS). Typical of public sector banks, Indian Bank has five joint auditors. The audit committee must provide clarity on how it establishes accountability of these auditors and ensures that issues do not fall through the cracks, while allocating audit responsibilities. Further, we raise concern that the bank has not constituted an audit committee in line with SEBI’s LODR regulations and does not have sufficient independent directors on the board. In the absence of critical oversight provided by the audit committee, we are unable to support the resolution.
- LIC Mutual FundConcerns over Non-Compliance with S.136(1) of the Companies Act & Regulation 46(2)(s) of SEBI LODR: Nondisclosure of the audited financial statements of Subsidiaries for FY 2025-26 on the website of the Bank.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
- Nippon India Mutual FundNon-Compliant with S.136(1) of the Companies Act & Regulation 46(2)(s) of SEBI LODR: Nondisclosure of the audited financial statements of Subsidiaries for FY 2025-26 on the website of the Bank.
17 for15 against- To declare dividend on Equity Shares of the Bank27 for0 against
1 abstained
- To approve extension of tenure/ re-appointment of Shri Ashutosh Choudhury, Executive Director of the Bank33 for0 against
1 abstained
- To raise equity capital aggregating upto Rs. 5000 Crore (including premium) through QIP/ FPO/ Rights Issue or in combination thereof27 for0 against
1 abstained
6 proposals not matched to one resolution
- 2) Approve final dividend of Rs. 18.25 per equity share (face value Rs. 10.0 each) for FY261 for0 against
- 4) Issue of equity shares upto Rs. 50.0 bn.1 for0 against
- Accept Financial Statements and Statutory Reports0 for0 against
1 abstained
- Approve final dividend of Rs. 18.25 per equity share (face value Rs. 10.0 each) for FY265 for0 against
- Issue of equity shares upto Rs. 50.0 bn5 for0 against
- The 'Sagility Limited – Employee Stock Options and Performance Stock Units Scheme 2026’1 for0 against
Mutual fund votes, meeting of 9 Jan 2026, 33 fund houses
- To approve the appointment of Ms. Mini T M, Executive Director of the Bank
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of minimum number of Independent Directors & Woman Independent Director.
- Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundAppointment compliant with Law. No concern on the merits of proposed appointee. Governance concern: Board is non-compliant with the requirement of minimum number of IDs & Woman ID.
- Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because the bank does not have a designated chairperson, and the board is not at least one-half independent and Mini T M is a non-independent director nominee.
- LIC Mutual FundGovernance concern: Board is non-compliant with the requirement of minimum number of IDs & Woman ID.
25 for7 against1 abstained
6 earlier meetings
Mutual fund votes, meeting of 17 Jun 2025, 29 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To discuss, approve and adopt the Audited Balance Sheet of the Bank as at March 31, 2025, the Profit and Loss account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and AccountsMoreLess
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundNon-disclosure of the audited financial statements of Subsidiaries on the website of the Bank.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundUnqualified financial statements. Non-Compliant with S.136(1) of the Companies Act & Regulation 46(2)(s) of SEBI LODR: Non-disclosure of the audited financial statements of Subsidiaries on the website of the Bank.
- LIC Mutual FundNon-disclosure of financials of subsidiaries on website.
21 for7 against- To declare dividend on Equity Shares of the Bank28 for0 against
1 abstained
- To approve appointment of Shri Binod Kumar, Managing Director & Chief Executive Officer (MD & CEO) of the Bank
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of minimum number of Independent Directors & Woman Independent Director. Delayed Shareholders’ approval.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundAppointment compliant with Law. No concern on the merits of proposed appointee. Governance concern: Board is non-compliant with the requirement of minimum number of IDs & Woman ID. Delayed Shareholders’ approval.
- LIC Mutual FundConcerns over t board with requisite number of ID s and woman ID; Delayed Shareholders approvals.
21 for7 against1 abstained
- To approve appointment of Shri Vishvesh Kumar Goel, Part-time Non-Official Director of the Bank
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundAppointment without serving the cooling off period of three years. Governance Concern: Term of appointment is ambiguous.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundAppointment is not in accordance with law: Appointment without serving the cooling off period of three years. Governance Concern: Term of appointment is ambiguous and against spirit of the law.
- LIC Mutual FundConcerns over Appointment without serving the cooling off period of three years. Governance Concern: Term of appointment is ambiguous and against spirit of the law.
21 for7 against1 abstained
- To approve appointment of Shri Balmukund Sahay, Part-time Non-Official Director of the Bank
Against Aditya Birla Sun Life Mutual Fund, Angel One Mutual Fund, Bandhan Mutual Fund, Canara Robeco Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Invesco Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, Sundaram Mutual Fund, UTI Mutual Fund, WhiteOak Capital Mutual Fund, Zerodha Mutual Fund
- Aditya Birla Sun Life Mutual FundBalmukund Sahay is a social activist and a former member of Jharkhand State Transport Authority and Jharkhand State Level 20 Points Programme Committee, as per the notice. Balmukund Sahay was a Part-time Non-Official director of Indian Bank from 21 December 2021 to 20 December 2024. The bank proposes to renominate him as Part-time Non-Official director for one year from 11 April 2025.As per public sources, he is associated with the BJP. While his appointment meets statutory requirements, we believe his political affiliation may unnecessarily politicize the decisions of the corporation and distract the management from its core focus. The company should have disclosed his political affiliation as part of the notice. We do not support the resolution.
- Angel One Mutual FundAppointment without serving the cooling off period of three years. Governance Concern: Term of appointment is ambiguous.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundAppointment is not in accordance with law: Appointment without serving the cooling off period of three years. Governance Concern: Term of appointment is ambiguous and against spirit of the law.
- Canara Robeco Mutual FundThe bank proposes to renominate him as Part-time Non-Official director for one year from 11 April 2025. We do not support the resolution in line with the advisory recommendations.
- Invesco Mutual Fund, Sundaram Mutual FundBalmukund Sahay is a social activist and a former member of Jharkhand State Transport Authority and Jharkhand State Level 20 Points Programme Committee, as per the notice. Balmukund Sahay was a Part-time Non-Official director of Indian Bank from 21 December 2021 to 20 December 2024. The bank proposes to renominate him as Part-time Non-Official director for one year from 11 April 2025. As per public sources, he is associated with the BJP. While his appointment meets statutory requirements, we believe his political affiliation may unnecessarily politicize the decisions of the corporation and distract the management from its core focus. The company should have disclosed his political affiliation as part of the notice. We do not support the resolution.
- LIC Mutual FundConcerns over Appointment without serving the cooling off period of three years. Governance Concern: Term of appointment is ambiguous and against spirit of the law.
- Nippon India Mutual FundNon- compliant and No cooling off period served by candidate.
- UTI Mutual FundPublic sources suggest political affiliation.
- WhiteOak Capital Mutual FundThe company proposes to appoint Balmukund Sahay as Part time Non-Official Director. While his appointment meets statutory requirements, we do not support the resolution due to inadequate disclosures by the company.
13 for15 against1 abstained
- To approve appointment of M/s. Shanmugam Rajendran & Associates LLP, Company Secretaries as Secretarial Auditor of the Bank for a term of five years from FY 2025-26 to FY 2029-30
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundTransparency concern: The Bank has not disclosed whether there is any material change in the proposed audit fee.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo concern on the merits of the proposed Auditors. Transparency concern: The Bank has not disclosed whether there is any material change in the proposed audit fee.
- LIC Mutual FundConcerns over the Bank not disclosing whether there is any material change in the proposed audit fee
21 for7 against1 abstained
- To raise equity capital aggregating upto Rs. 5000 Crore (including premium) through QIP/ FPO/ Rights Issue or in combination thereof28 for0 against
1 abstained
1 proposal not matched to one resolution
- Accept Financial Statements and Statutory Reports0 for0 against
1 abstained
Mutual fund votes, meeting of 15 Jun 2024, 26 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To discuss, approve and adopt the Audited Balance Sheet of the Bank as at March 31, 2024, the Profit and Loss account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and AccountsMoreLess
Against Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Zerodha Mutual Fund
- Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundUnqualified Financial Statements. Compliant with Accounting Standards. Non-Compliant with Companies Act, 2013 & SEBI LODR Regulations: The Bank has not disclosed financials of subsidiary(ies) for FY 2023-24 on its website.
- Nippon India Mutual FundNon-disclosure of financial statement of subsidiary(ies) on website.
- Zerodha Mutual FundThe Bank has not disclosed the financial statements of the subsidiaries on its website of the latest financial year as required under the Companies Act, 2013 & SEBI Listing Regulations.
16 for7 against- To declare dividend on Equity Shares of the Bank23 for0 against
1 abstained
- To approve appointment of Shri Brajesh Kumar Singh, Executive Director of the Bank
Against Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with Law. Governance concern: Board is non-compliant with respect to requirement of minimum number of IDs, Delayed Shareholders’ approval.
- LIC Mutual FundAppointment compliant with Law. Governance concern: Board is non-compliant with respect to requirement of minimum number of IDs, Delayed Shareholders approval.
- Zerodha Mutual Fund"Board is non-compliant with respect to requirement of minimum number of Independent Directors, Delayed Shareholders’ approval."
20 for5 against1 abstained
- To approve appointment of Dr. Alok Pande, Non-Executive Director (GOI Nominee Director) of the Bank
Against Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, DSP Mutual Fund, Groww Mutual Fund, Invesco Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, Zerodha Mutual Fund
- Axis Mutual Fund, Bank of India Mutual Fund, DSP Mutual Fund, Invesco Mutual Fund, Navi Mutual FundDr. Alok Pande is the Additional Secretary, Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, Government of India. He is a 1994 batch officer of the Indian Postal Service. He has over 29 years of experience and has handled various positions in the Government of India. He has completed his Bachelors in Mechanical Engineering from NIT Allahabad and FPM (Doctorate) from IIM Bangalore. The bank proposes to appoint him as a Non-Executive Non-Independent Nominee Director. He will represent the Government of India’s 73.84% stake in the bank (as on 31 March 2024). It is unclear if he is liable to retire by rotation. However, we understand that the recent SEBI LODR amendments build in sufficient guardrails and will need the bank to seek reappointment for his nomination to the board after a five-year interval. Further, the board composition is not compliant with regulations on independent director representation. We expect the bank to first address the board composition, before appointing their nominees on the board. We do not support his appointment on the board
- Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with Law. Governance concern: Board is non-compliant with respect to requirement of minimum number of IDs.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
- Nippon India Mutual FundDelayed Shareholder approval
- Zerodha Mutual Fund"Board is non-compliant with respect to requirement of minimum number of Independent Directors."
13 for12 against1 abstained
- To raise equity capital aggregating upto Rs.5000 Crore (including premium) through QIP/ FPO/ Rights Issue or in combination thereof.23 for0 against
1 abstained
4 proposals not matched to one resolution
- Accept Financial Statements and Statutory Reports0 for0 against
1 abstained
- Adoption of financial statements for the year ended 31 March 20242 for0 against
- Approve final dividend of Rs. 12.0 per equity share (face value Rs. 10.0 each) for FY242 for0 against
- Issue of equity shares upto Rs. 50.0 bn2 for0 against
Mutual fund votes, meeting of 21 Mar 2024, 24 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- To approve the appointment of Shri Ashutosh Choudhury, ExecutivenDirector (DIN: 09245804) of the Bank
Against Groww Mutual Fund, Mahindra Manulife Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Zerodha Mutual Fund
- Groww Mutual Fund, Motilal Oswal Mutual FundAppointment is Non-Compliant with SEBI LODR Regulations, 2015 due to delayed shareholders’ approval. Governance concern: Board is non-compliant with respect to requirement of minimum number of IDs.
- Mahindra Manulife Mutual FundMr. Ashutosh Choudhury was appointed as Executive Director of the Bank w.e.f. 3rd May, 2023. AGM 2023 of the Bank was held on 19th June 2023. The bank did not propose his appointment within stipulated time period.
- Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
- Zerodha Mutual FundThe minimum criterion is not met and hence the bank is non-compliant with the Regulation 17(1)(b) of the SEBI LODR, 2015.
18 for5 against1 abstained
- To approve the appointment of Smt. K. Nikhila, Non-ExecutivenDirector (RBI Nominee Director) of the Bank
Against Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual Fund
- Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. Governance concern: Shareholders’ approval not obtained within 3 months from the date of appointment on the Board and the Board is non-compliant with respect to requirement of minimum number of IDs.
- Zerodha Mutual FundThe minimum criterion is not met and hence the bank is non-compliant with the Regulation 17(1)(b) of the SEBI LODR, 2015.
20 for3 against1 abstained
- To approve the appointment of Shri Shiv Bajrang Singh, ExecutivenDirector of the Bank
Against Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual Fund
- Groww Mutual Fund, Motilal Oswal Mutual FundAppointment compliant with law. Governance concern: Shareholders’ approval not obtained within 3 months from the date of appointment on the Board and Board is non-compliant with respect to requirement of minimum number of IDs.
- Zerodha Mutual FundThe minimum criterion is not met and hence the bank is non-compliant with the Regulation 17(1)(b) of the SEBI LODR, 2015.
20 for3 against1 abstained
1 proposal not matched to one resolution
- To receive, Election of one Shareholder Director.1 for0 against
Mutual fund votes, meeting of 19 Jun 2023, 17 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To discuss, approve and adopt the Audited Balance Sheet of the Bank as at March 31, 2023, the Profit and Loss account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and AccountsMoreLess
16 for0 against- To declare dividend on Equity Shares of the Bank.14 for0 against
1 abstained
- To approve the appointment of Shri Mahesh Kumar Bajaj, Executive Director
Against Bandhan Mutual Fund, ITI Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual Fund, ITI Mutual FundNo concern identified in the profile, merit of the appointee. Appointment is Non-Compliant with SEBI LODR Regulations, 2015 due to delayed shareholders’ approval. Governance concern: Board is non-compliant with respect to requirement of minimum number of IDs.
- Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
13 for3 against1 abstained
- To approve appointment of Dr. Maruthi Prasad Tangirala, Non-Executive Director (Government of India’s Nominee Director)
Against Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Invesco Mutual Fund, ITI Mutual Fund, Nippon India Mutual Fund, Sundaram Mutual Fund
- Axis Mutual Fund, Invesco Mutual Fund, Sundaram Mutual FundDr. M. P. Tangirala, 57, is the Additional Secretary Department of Financial Services, Ministry of Finance, Government of India. He has worked in various areas in the Department of Telecommunications, Government of India, Telecom Regulatory Authority of India, Insurance Regulatory and Development Authority of India and Union Public Service Commission. The company has not stated if he will be liable to retire by rotation. In the absence of clarity and based on past practice, we expect the nominee of Department of Financial Services, Ministry of Finance and/or Public Enterprises will not retire by rotation. We do not support non-rotational board seats for non-executive non-independent directors or any other right which grants permanent directorship status to any individual. Further, the board composition is not compliant with regulations on independent director representation. We expect the company to first address the board composition, before appointing their nominees on the board.
- Bandhan Mutual Fund, ITI Mutual FundNo concern identified in the profile, merit of the appointee. Appointment is Non-Compliant with SEBI LODR Regulations, 2015 due to delayed shareholders’ approval. Governance Concern: Board is non-compliant with respect to requirement of minimum number of IDs.
- Edelweiss Mutual FundNot requiste experience
- Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
9 for7 against1 abstained
- To raise equity capital aggregating upto Rs.4000 Crore (including premium) through QIP/ FPO/ Rights Issue or in combination thereof14 for0 against
1 abstained
3 proposals not matched to one resolution
- Accept Financial Statements and Statutory Reports0 for0 against
1 abstained
- Approve final dividend of Rs. 8.6 per equity share (face value Rs. 10.0 each) for FY232 for0 against
- Issue of equity shares upto Rs. 40.0 bn2 for0 against
Mutual fund votes, meeting of 22 Jun 2022, 13 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To discuss, approve and adopt the Audited Balance Sheet of the Bank as at 31st March, 2022, the Profit and Loss account for the year ended on that date, the report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and Auditor's report on the Balance Sheet and Accounts.MoreLess
13 for0 against- To declare Dividend on Equity Shares of the Bank11 for0 against
- To raise Equity Capital aggregating upto Rs. 4000 Crore (including premium) through QIP/FPO/Rights Issue or in combination thereof.11 for0 against
2 proposals not matched to one resolution
- Approve final dividend of Rs. 6.5 per equity share (face value Rs. 10.0 each) for FY222 for0 against
- Issue of equity shares upto Rs. 40.0 bn2 for0 against
Mutual fund votes, meeting of 16 Jul 2021, 9 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To discuss, approve and adopt the Audited Balance Sheet of the Bank as at March 31, 2021, the Profit and Loss account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and Accounts.MoreLess
7 for0 against- To declare dividend on Equity Shares.9 for0 against
2 proposals not matched to one resolution
- 1) Adoption of Audited Financial Statements for the year ended 31st March, 2021 and the reports of the Directors and Auditors thereon.1 for0 against
- Adoption of Financial Statements of the Company1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyRBISince 1 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Berhampore
RBI Inspection - Fine or penaltyRBISince 3 Jul 2026₹0.00 Cr
Penalty imposed on Renukoot Branch, Mirzapur Zone
Incognito Visit Penalty - Fine or penaltyRBISince 7 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Tirupattur
RBI Inspection - Fine or penaltyRBISince 8 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Tirunelveli
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 8 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Chetput
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 8 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Coimbatore
Cash Shortage, Mutilated and Forged Notes - Fine or penaltyRBISince 8 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest T Nagar
Cash Shortage, Mutilated and Forged Notes - Fine or penaltyRBISince 8 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Tirupattur
Cash Shortage, Mutilated and Forged Notes
74 more
- Fine or penaltyRBISince 8 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Cuddalore
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 8 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Berhampore
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 8 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Chinsurah
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 8 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Alipore
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 8 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Nagpur
Mutilated Notes - Fine or penaltyRBISince 8 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Salem
Mutilated Notes - Fine or penaltyRBISince 8 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Madurai
Mutilated Notes - Fine or penaltyRBISince 13 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Ranipet
Cash Shortage - Fine or penaltyRBISince 14 Jul 2026₹0.00 Cr
Penalty imposed on Saharsa Branch, Bhagalpur Zone
Incognito Visit Penalty - Fine or penaltyRBISince 16 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Kaloor
RBI Inspection - Fine or penaltyRBISince 20 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Guwahati
Cash Shortage, Mutilated and Forged Notes - Fine or penaltyRBISince 21 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest T Nagar
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 21 Jul 2026₹0.00 Cr
Penalty imposed on Kadappa Kada Branch, Thiruvananthapuram Zone
Incognito Visit Penalty - Fine or penaltyRBISince 22 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Clock Tower,Ludhiana Zone
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 22 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Chandigarh
Cash Shortage - Fine or penaltyRBISince 23 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Rajahmundhry
Mutilated Notes - Fine or penaltyRBISince 24 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Dibrugarh
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 24 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Guwahati
Mutilated and Forged Notes - Fine or penaltyRBISince 24 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Bareilly
Cash Shortage - Fine or penaltyRBISince 27 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Parliament St., Delhi Central
Cash Shortage - Fine or penaltyRBISince 30 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Clock Tower, Ludhiana
Miscellaneous - Fine or penaltyRBISince 31 Jul 2026₹0.00 Cr
Penalty imposed on Currency Chest Alipore
Mutilated Notes - Fine or penaltyRBISince 4 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Nariman Point
Cash Shortage - Fine or penaltyRBISince 5 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Sodepur
RBI Inspection - Fine or penaltyRBISince 10 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Lawspet
Mutilated and Forged Notes - Fine or penaltyRBISince 10 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Coimbatore
Mutilated and Forged Notes - Fine or penaltyRBISince 10 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Madurai
Mutilated Notes - Fine or penaltyRBISince 10 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Bhinga
RBI Inspection - Fine or penaltyRBISince 10 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Saheed Nagar
Cash Shortage - Fine or penaltyRBISince 10 Aug 2026₹0.00 Cr
Penalty imposed on Chinniampalayam/Ram Nagar Branch, Coimbatore Zone
Incognito Visit Penalty - Fine or penaltyRBISince 11 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Siliguri
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 11 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Sodepur
Mutilated Notes - Fine or penaltyRBISince 11 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Barasat
Mutilated Notes - Fine or penaltyRBISince 12 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Kollam
Cash Shortage - Fine or penaltyRBISince 13 Aug 2026₹0.00 Cr
Penalty imposed on Mirchaibari Branch, Bhagalpur Zone
Incognito Visit Penalty - Fine or penaltyRBISince 17 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Bareilly
Mutilated Notes - Fine or penaltyRBISince 17 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Lawspet
RBI Inspection - Fine or penaltyRBISince 17 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Clock Tower, Ludhiana
Cash Shortage - Fine or penaltyRBISince 20 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Allahabad
Mutilated Notes - Fine or penaltyRBISince 27 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Tirupattur
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 27 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Tirunelveli
Cash Shortage - Fine or penaltyRBISince 27 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Salem
Mutilated and Forged Notes - Fine or penaltyRBISince 27 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Ranipet
Forged Notes - Fine or penaltyRBISince 28 Aug 2026₹0.00 Cr
Penalty imposed on Currency Chest Guwahati
Cash Shortage, Mutilated and Forged Notes - Fine or penaltyRBISince 1 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Satna
Cash Shortage, Mutilated and Forged Notes - Fine or penaltyRBISince 1 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Jabalpur
Mutilated and Forged Notes - Fine or penaltyRBISince 3 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Parliament Street
Cash Shortage - Fine or penaltyRBISince 8 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Himayatnagar
Mutilated Notes - Fine or penaltyRBISince 8 Sep 2026₹0.00 Cr
Penalty imposed on Mirchaibari Nvyog market,Ghaziabad Branch
Incognito Visit Penalty - Fine or penaltyRBISince 9 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Agra
Cash Shortage - Fine or penaltyRBISince 9 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Meerut
Cash Shortage and Forged Notes - Fine or penaltyRBISince 9 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Ghaziabad
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 9 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Kashipur
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 9 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Kanpur
Cash Shortage - Fine or penaltyRBISince 15 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Chinsurah
Mutilated Notes - Fine or penaltyRBISince 15 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Berhampore
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 16 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Allahabad
Mutilated Notes - Fine or penaltyRBISince 17 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Chandigarh
Cash Shortage, Mutilated and Forged Notes - Fine or penaltyRBISince 21 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Meerut
RBI Inspection - Fine or penaltyRBISince 22 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Bareiily
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 22 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Lakhimpur Kheri
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 22 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Alipore
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 22 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Park Street
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 22 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Nariman Point
RBI Inspection - Fine or penaltyRBISince 22 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Siliguri
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 22 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Sodepur
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 23 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Clock Tower, Ludhiana Zone
Miscellaneous - Fine or penaltyRBISince 24 Sep 2026₹0.00 Cr
Penalty imposed on Currency Chest Patna
Cash Shortage and Mutilated Notes - Fine or penaltyRBISince 30 Sep 2026₹0.00 Cr
Penalty imposed on Asansol Branch
Incognito Visit Penalty - Tax disputeIncome Tax DeptSince 25 Apr 2024Appeal filed with CIT(A) pertaining to Indian Bank for AY 2022-23
- Tax disputeIncome Tax DeptSince 25 Apr 2024Appeal filed with CIT(A) pertaining to Indian Bank for AY 2018-19
- Tax disputeIncome Tax DeptSince 27 Apr 2023Appeal filed with CIT(A) pertaining to E-AB for AY 2018-19
- Tax disputeIncome Tax DeptSince 28 Jan 2019Appeal filed with CIT(A) pertaining to E-AB for AY 2016-17
- Tax disputeIncome Tax DeptSince 24 Apr 2025Appeal filed with CIT(A) pertaining to E-AB for AY 2017-18
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- No
- The board has a regular chairperson
- No
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.