Share price at the NSE close on 23 Oct 2026. Previous close ₹437.00.
- Next results date: the board meets on 24 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹4,28,256 Cr16th 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 18 Jul 2026
- 21.1
- 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 2 May 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.
- 0.15%
- 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 18 Jul 2026
- 12.0%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. For the whole group.
- 4.68%
- Gross NPAGross NPA, non-performing loans. Gross non-performing loans as a percentage of all loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is below the net share. At the end of Jun 2026. For the company alone, not its group: the regulator measures it company by company.
- 1.18%
- Net NPANet NPA, non-performing loans. Net non-performing loans as a percentage of loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is above the gross share. At the end of Jun 2026. For the company alone, not its group: the regulator measures it company by company.
- 0.27%
- CET1Common equity tier 1 ratio. The bank's core capital, mostly shareholders' money, as a percentage of its loans and other assets weighted by risk, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the figure is outside what it can be. At the end of Jun 2026. For the company alone, not its group: the regulator measures it company by company.
- 22.38%
- 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.
- 2.05%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,59,64,82768.3% delivered
Kotak Mahindra 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
- ChairpersonC S Rajan
- Managing director and CEOAshok Vaswani
- Company Secretary and Compliance OfficerAvan Doomasia
12 directors6 independent4 executive2 non-executive
- C S Rajan · ChairpersonIndependent · joined Oct 2022 · reappointed Oct 2022 · 47 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Ashok Vaswani · Managing director and CEOExecutive · joined Jan 2024 · 1 listed board · 1 committee seat
- Jaideep HansrajExecutive · joined Feb 2025 · 1 listed board · 4 committee seats, 1 as chair
- Paritosh KashyapExecutive · joined Sep 2025 · 2 listed boards · 4 committee seats, 1 as chair
- Anup Kumar SahaExecutive · joined Mar 2026 · 1 listed board
- Uday KotakNon-executive · joined Nov 1985 · 3 listed boards
- Amit DesaiNon-executive · joined Mar 2022 · 1 listed board · 1 committee seat
- Uday ShankarIndependent · joined Mar 2019 · reappointed Mar 2024 · 90 months as independent · 2 listed boards · 2 as independent
- Ashu SuyashIndependent · joined Jan 2022 · reappointed Jan 2022 · 56 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 2 as chair
- Cornelis Petrus Adrianus Joseph LeenaarsIndependent · joined Jan 2024 · reappointed Jan 2024 · 33 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Ketaki BhagwatiIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Ramesh Ganesh IyerIndependent · joined Feb 2026 · reappointed Feb 2026 · 7 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- Ashok Gulati, left 6 Mar 2026: Tenure Completion
- Shanti Ekambaram, left 1 Nov 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 26 Sep 202610 of 12 present5 independent · 55 days in between
- 1 Aug 202612 of 12 present6 independent · 13 days in between
- 18 Jul 202612 of 12 present6 independent · 6 days in between
- 11 Jul 202612 of 12 present6 independent · 13 days in between
3 earlier meetings
- 27 Jun 202611 of 12 present5 independent · 27 days in between
- 30 May 202612 of 12 present6 independent · 27 days in between
- 2 May 202612 of 12 present6 independent
Audit Committee
Chair Ashu Suyash
Ketaki Bhagwati, Cornelis Petrus Adrianus Joseph Leenaars, Ramesh Ganesh Iyer
- 25 Sep 20264 of 4 present4 independent · 69 days in between
- 17 Jul 20264 of 4 present4 independent · 20 days in between
- 26 Jun 20264 of 4 present4 independent · 28 days in between
- 28 May 20264 of 4 present4 independent · 26 days in between
3 earlier meetings
- 1 May 20264 of 4 present4 independent · 25 days in between
- 5 Apr 20263 of 4 present3 independent · 3 days in between
- 1 Apr 20263 of 4 present3 independent
Nomination and remuneration committee
Chair Uday Shankar
C S Rajan, Uday Kotak
- 17 Aug 20263 of 3 present2 independent · 31 days in between
- 16 Jul 20263 of 3 present2 independent · 16 days in between
- 29 Jun 20263 of 3 present2 independent · 30 days in between
- 29 May 20263 of 3 present2 independent · 13 days in between
1 earlier meeting
- 15 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair C S Rajan
Cornelis Petrus Adrianus Joseph Leenaars, Amit Desai, Ashok Vaswani, Jaideep Hansraj
- 12 Jun 20264 of 5 present2 independent
Risk Management Committee
Chair Cornelis Petrus Adrianus Joseph Leenaars
C S Rajan, Ashu Suyash, Uday Kotak, Ashok Vaswani
- 24 Sep 20265 of 5 present3 independent · 69 days in between
- 16 Jul 20265 of 5 present3 independent · 19 days in between
- 26 Jun 20265 of 5 present3 independent · 7 days in between
- 18 Jun 20265 of 5 present3 independent · 48 days in between
2 earlier meetings
- 30 Apr 20264 of 5 present2 independent · 24 days in between
- 5 Apr 20265 of 5 present3 independent
Corporate Social Responsibility Committee
Chair C S Rajan
Ramesh Ganesh Iyer, Amit Desai, Jaideep Hansraj
- 23 Jun 20264 of 4 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditors
Named in the results for the quarter to Mar 2026.
- M/s. Deloitte Haskins & SellsPeer-review certificate valid to Mar 2027
- M/s. M M Nissim & Co LLPPeer-review certificate valid to Mar 2028
2 earlier auditors
- Deloitte Haskins & Sells, Chartered AccountantsNamed in the filing for the quarter to Mar 2025
- KKC & Associates LLPNamed 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.
Kotak Mahindra 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.Kotak Mahindra Bank dividend history
Annual general meeting, 1 Aug 2026
8,39,393 shareholders on the register on 25 Jul 2026; present: 1 promoter and 117 others; votes counted by ALWYN D'SOUZA / ALWYN JAY & CO.The company's voting result (opens in a new tab)
TO RECEIVE, CONSIDER AND ADOPT THE STANDALONE AUDITED FINANCIAL STATEMENT OF THE BANK FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2026 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREONMoreLess
Ordinary99.95% for0.05% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.17%
Turnout: all 84.98% · promoters 99.99% · institutions 96.27% · other public 64.54%
- TO RECEIVE, CONSIDER AND ADOPT THE CONSOLIDATED AUDITED FINANCIAL STATEMENT OF THE BANK FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2026 TOGETHER WITH THE REPORT OF THE AUDITORS THEREONOrdinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.17%
Turnout: all 84.98% · promoters 99.99% · institutions 96.27% · other public 64.54%
- TO DECLARE DIVIDEND ON EQUITY SHARES FOR FY 2025–26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 85.65% · promoters 99.99% · institutions 97.72% · other public 64.95%
- TO RE–APPOINT MR. AMIT DESAI, WHO RETIRES BY ROTATION AND, BEING ELIGIBLE, HAS OFFERED HIMSELF FOR RE–APPOINTMENTOrdinary97.12% for2.88% against
Against: promoters 0.00% · institutions 0.00% · other public 9.83%
Turnout: all 85.65% · promoters 99.99% · institutions 97.71% · other public 64.95%
- TO RE-APPOINT MR. JAIDEEP HANSRAJ, WHO RETIRES BY ROTATION AND, BEING ELIGIBLE, HAS OFFERED HIMSELF FOR RE-APPOINTMENTOrdinary98.44% for1.56% against
Against: promoters 0.00% · institutions 0.00% · other public 5.33%
Turnout: all 85.65% · promoters 99.99% · institutions 97.71% · other public 64.95%
- FIXING OF REMUNERATION OF JOINT STATUTORY AUDITORS IN RESPECT OF FY 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 85.65% · promoters 99.99% · institutions 97.71% · other public 64.95%
- PAYMENT OF FIXED REMUNERATION TO NON–EXECUTIVE DIRECTORS (EXCLUDING THE NON–EXECUTIVE INDEPENDENT PART–TIME CHAIRPERSON)Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 85.65% · promoters 99.99% · institutions 97.71% · other public 64.95%
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, 24 Apr 2026, 1 resolution
8,08,862 shareholders on the register on 20 Mar 2026; votes counted by Alwyn D'Souza / Alwyn Jay & Co..The company's voting result (opens in a new tab)
- Appointment of Mr. Ramesh G. Iyer as a Director and an Independent Director of the BankSpecial99.73% for0.27% against
Against: promoters 0.00% · institutions 0.41% · other public 0.01%
Turnout: all 84.83% · promoters 99.99% · institutions 90.65% · other public 30.14%
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.
Postal ballot, 4 Mar 2026, 2 resolutions
7,65,721 shareholders on the register on 30 Jan 2026; votes counted by Alwyn D'Souza / Alwyn D'Souza & Co..The company's voting result (opens in a new tab)
- Appointment of Mr. Anup Kumar Saha as a Director and Whole-Time Director, to be designated as ‘Whole-Time Director (Executive Director)’ of the Bank and payment of remuneration to himOrdinary98.87% for1.13% against
Against: promoters 0.00% · institutions 1.75% · other public 0.02%
Turnout: all 84.74% · promoters 99.99% · institutions 90.64% · other public 29.56%
- Issuance of Unsecured, Redeemable, Non-Convertible Debentures / Bonds / other Debt Securities on a private placement basis during FY 2026-27Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 84.74% · promoters 99.99% · institutions 90.64% · other public 29.56%
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, 26 Dec 2025, 3 resolutions
7,07,596 shareholders on the register on 21 Nov 2025; votes counted by Alwyn D'Souza / Alwyn D'Souza & Co..The company's voting result (opens in a new tab)
- Sub-division of Equity SharesOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 85.75% · promoters 99.99% · institutions 92.03% · other public 30.74%
- Alteration of the Capital Clause of Memorandum of AssociationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 85.75% · promoters 99.99% · institutions 92.03% · other public 30.74%
- Payment of remuneration to Mr. C S Rajan as Non-Executive Independent Part-time ChairmanSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 85.75% · promoters 99.99% · institutions 92.03% · other public 30.74%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 2 Aug 2025, 10 resolutions
7,20,913 shareholders on the register on 26 Jul 2025; present: 1 promoter and 117 others; votes counted by Alwyn D’Souza / Alwyn D’Souza & Co..The company's voting result (opens in a new tab)
TO RECEIVE, CONSIDER AND ADOPT THE STANDALONE AUDITED FINANCIAL STATEMENTS OF THE BANK FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2025 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREONMoreLess
Ordinary99.92% for0.08% againstAgainst: promoters 0.00% · institutions 0.12% · other public 0.01%
Turnout: all 85.85% · promoters 99.99% · institutions 92.17% · other public 38.56%
- TO RECEIVE, CONSIDER AND ADOPT THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE BANK FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2025 TOGETHER WITH THE REPORT OF THE AUDITORS THEREONOrdinary99.92% for0.08% against
Against: promoters 0.00% · institutions 0.12% · other public 0.01%
Turnout: all 85.85% · promoters 99.99% · institutions 92.17% · other public 38.56%
- TO DECLARE DIVIDEND ON EQUITY SHARES FOR FY 2024-25Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 86.40% · promoters 99.99% · institutions 93.12% · other public 38.56%
TO RE-APPOINT MS. SHANTI EKAMBARAM, WHO RETIRES BY ROTATION AND, BEING ELIGIBLE, HAS OFFERED HERSELF FOR RE-APPOINTMENT, TO HOLD OFFICE UP TO THE END OF HER TERM AS DIRECTOR AND DEPUTY MANAGING DIRECTOR, WITH EFFECT FROM END OF THE DAY ON 31ST OCTOBER, 2025MoreLess
Ordinary99.49% for0.51% againstAgainst: promoters 0.00% · institutions 0.80% · other public 0.02%
Turnout: all 86.39% · promoters 99.99% · institutions 93.10% · other public 38.56%
- TO RE-APPOINT MR. ASHOK VASWANI, WHO RETIRES BY ROTATION AND, BEING ELIGIBLE, HAS OFFERED HIMSELF FOR RE-APPOINTMENTOrdinary99.71% for0.29% against
Against: promoters 0.00% · institutions 0.45% · other public 0.02%
Turnout: all 86.39% · promoters 99.99% · institutions 93.10% · other public 38.56%
- APPOINTMENT OF M M NISSIM & CO LLP, CHARTERED ACCOUNTANTS (FIRM REGISTRATION NUMBER: 107122W / W100672) AS ONE OF THE JOINT STATUTORY AUDITORS OF THE BANKOrdinary99.48% for0.52% against
Against: promoters 0.00% · institutions 0.83% · other public 0.01%
Turnout: all 86.39% · promoters 99.99% · institutions 93.10% · other public 38.56%
- FIXING OF REMUNERATION OF JOINT STATUTORY AUDITORS IN RESPECT OF FY 2025-26Ordinary99.59% for0.41% against
Against: promoters 0.00% · institutions 0.64% · other public 0.01%
Turnout: all 86.39% · promoters 99.99% · institutions 93.10% · other public 38.56%
- APPOINTMENT OF MR. PARITOSH KASHYAP AS A DIRECTOR AND WHOLE-TIME DIRECTOR, TO BE DESIGNATED AS ‘WHOLE-TIME DIRECTOR (EXECUTIVE DIRECTOR)’ OF THE BANK AND PAYMENT OF REMUNERATION TO HIMOrdinary99.32% for0.68% against
Against: promoters 0.00% · institutions 1.07% · other public 0.02%
Turnout: all 86.39% · promoters 99.99% · institutions 93.10% · other public 38.56%
- APPOINTMENT OF M/S. PARIKH & ASSOCIATES, PRACTISING COMPANY SECRETARIES AS SECRETARIAL AUDITOR AND AUTHORIZATION TO THE BOARD TO FIX THEIR REMUNERATIONOrdinary99.54% for0.46% against
Against: promoters 0.00% · institutions 0.73% · other public 0.01%
Turnout: all 86.38% · promoters 99.99% · institutions 93.09% · other public 38.56%
- RELATED PARTY TRANSACTION FOR PAYMENT OF REMUNERATION TO MR. JAY KOTAK (SON OF MR. UDAY KOTAK, NON-EXECUTIVE NON-INDEPENDENT DIRECTOR) WHO IS HOLDING AN OFFICE OR PLACE OF PROFIT IN THE BANKOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 59.95% · promoters 0.00% · institutions 93.10% · other public 35.00%
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, 20 Feb 2025, 6 resolutions
7,59,933 shareholders on the register on 17 Jan 2025; votes counted by P. N. Parikh / Parikh & Associates.The company's voting result (opens in a new tab)
- Appointment of Mr. Jaideep Hansraj as a Director and Whole-time Director, to be designated as ‘Whole-time Director (Executive Director)’ of the Bank and payment of remuneration to himOrdinary99.50% for0.50% against
Against: promoters 0.00% · institutions 0.79% · other public 0.02%
Turnout: all 86.30% · promoters 99.99% · institutions 93.44% · other public 37.95%
- Revision in remuneration of Ms. Shanti Ekambaram, Whole-time Director designated as ‘Deputy Managing Director’ of the BankOrdinary99.28% for0.72% against
Against: promoters 0.00% · institutions 1.14% · other public 0.04%
Turnout: all 86.28% · promoters 99.99% · institutions 93.42% · other public 37.95%
- Issuance of Unsecured, Redeemable, Non-Convertible Debentures / Bonds / other Debt Securities on a private placement basis during FY 2025-26Special99.23% for0.77% against
Against: promoters 0.00% · institutions 1.22% · other public 0.03%
Turnout: all 86.30% · promoters 99.99% · institutions 93.44% · other public 37.95%
- Approval of the Kotak Mahindra Performance Linked Restricted Stock Unit Scheme 2025 for grant of performance linked restricted stock units to eligible employees of the BankSpecial99.10% for0.90% against
Against: promoters 0.00% · institutions 1.42% · other public 0.04%
Turnout: all 86.30% · promoters 99.99% · institutions 93.44% · other public 37.98%
Approval of the Kotak Mahindra Performance Linked Restricted Stock Unit Scheme 2025 for grant of performance linked restricted stock units to the eligible employees of wholly-owned subsidiaries of the BankMoreLess
Special99.05% for0.95% againstAgainst: promoters 0.00% · institutions 1.50% · other public 0.04%
Turnout: all 86.30% · promoters 99.99% · institutions 93.44% · other public 37.99%
- Revision in the approved ESOP pool under the Kotak Mahindra Equity Option Scheme 2023 for the implementation of the Kotak Mahindra Performance Linked Restricted Stock Unit Scheme 2025Special99.27% for0.73% against
Against: promoters 0.00% · institutions 1.16% · other public 0.04%
Turnout: all 86.30% · promoters 99.99% · institutions 93.44% · other public 37.98%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 3 Aug 2024, 10 resolutions
Present: 1 promoter and 87 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone Audited Financial Statement of the Bank for the financial year ended 31st March, 2024 together with the Reports of the Board of Directors and the Auditors thereonMoreLess
Ordinary99.98% for0.02% againstAgainst: promoters 0.00% · institutions 0.03% · other public 0.01%
Turnout: all 86.00% · promoters 99.99% · institutions 92.10% · other public 41.65%
- To receive, consider and adopt the Consolidated Audited Financial Statement of the Bank for the financial year ended 31st March, 2024 together with the Report of the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 86.00% · promoters 99.99% · institutions 92.10% · other public 41.65%
- To confirm payment of dividend on 8.10% Non-Convertible Perpetual Non-Cumulative Preference Shares for the period from 1st April, 2023 to 13th March, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 86.51% · promoters 99.99% · institutions 92.99% · other public 41.65%
- To declare dividend on Equity Shares for FY 2023-24Ordinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.05% · other public 0.01%
Turnout: all 86.52% · promoters 99.99% · institutions 93.00% · other public 41.65%
- To re-appoint Mr. Amit Desai, who retires by rotation and, being eligible, has offered himself for re-appointmentOrdinary99.91% for0.09% against
Against: promoters 0.00% · institutions 0.14% · other public 0.02%
Turnout: all 86.51% · promoters 99.99% · institutions 92.99% · other public 41.65%
- Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants (Firm Registration Number: 117365W) as one of the Joint Statutory Auditors of the BankOrdinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.06% · other public 0.01%
Turnout: all 86.51% · promoters 99.99% · institutions 92.99% · other public 41.65%
- Fixing of remuneration of Joint Statutory Auditors in respect of FY 2024-25Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.06% · other public 0.01%
Turnout: all 86.51% · promoters 99.99% · institutions 92.99% · other public 41.65%
- Appointment of Ms. Ketaki Bhagwati as a Director and an Independent Director of the BankSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.01% · other public 0.02%
Turnout: all 86.47% · promoters 99.99% · institutions 92.92% · other public 41.65%
- Alteration of the Articles of Association of the BankSpecial98.52% for1.48% against
Against: promoters 0.00% · institutions 2.37% · other public 0.02%
Turnout: all 86.51% · promoters 99.99% · institutions 92.99% · other public 41.65%
- Increase in remuneration of Mr. C S Rajan, Non-Executive Independent Part-time ChairmanSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.03% · other public 0.03%
Turnout: all 86.51% · promoters 99.99% · institutions 92.99% · other public 41.65%
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, 12 Mar 2024, 6 resolutions
The company's voting result (opens in a new tab)
- Payment of remuneration to Mr. C S Rajan as Non-Executive Part-time ChairmanSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 85.95% · promoters 99.99% · institutions 92.56% · other public 40.25%
- Appointment of Mr. Cornelis Petrus Adrianus Joseph (“Eli”) Leenaars as a Director and an Independent Director of the BankSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.01% · other public 0.02%
Turnout: all 85.95% · promoters 99.99% · institutions 92.56% · other public 40.25%
- Re-appointment of Mr. Uday Shankar as an Independent Director of the BankSpecial99.02% for0.98% against
Against: promoters 0.00% · institutions 1.58% · other public 0.02%
Turnout: all 85.95% · promoters 99.99% · institutions 92.56% · other public 40.25%
- Issuance of Unsecured, Redeemable, Non-Convertible Debentures / Bonds / other Debt Securities on a private placement basis during FY 2024-25Special99.24% for0.76% against
Against: promoters 0.00% · institutions 1.22% · other public 0.03%
Turnout: all 85.95% · promoters 99.99% · institutions 92.56% · other public 40.25%
- Material Related Party Transaction with Mr. Uday Suresh Kotak during FY 2024-25OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 59.43% · promoters 0.00% · institutions 92.56% · other public 36.47%
- Material Related Party Transaction with Infina Finance Private Limited during FY 2024-25OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 59.43% · promoters 0.00% · institutions 92.56% · other public 36.47%
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 1 Aug 2026, 18 fund houses so far (houses' deadline to file 15 Oct 2026)
TO RECEIVE, CONSIDER AND ADOPT THE STANDALONE AUDITED FINANCIAL STATEMENT OF THE BANK FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2026 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREONMoreLess
18 for0 against- TO RECEIVE, CONSIDER AND ADOPT THE CONSOLIDATED AUDITED FINANCIAL STATEMENT OF THE BANK FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2026 TOGETHER WITH THE REPORT OF THE AUDITORS THEREON18 for0 against
- TO DECLARE DIVIDEND ON EQUITY SHARES FOR FY 2025–2618 for0 against
- TO RE–APPOINT MR. AMIT DESAI, WHO RETIRES BY ROTATION AND, BEING ELIGIBLE, HAS OFFERED HIMSELF FOR RE–APPOINTMENT18 for0 against
- TO RE-APPOINT MR. JAIDEEP HANSRAJ, WHO RETIRES BY ROTATION AND, BEING ELIGIBLE, HAS OFFERED HIMSELF FOR RE-APPOINTMENT18 for0 against
- FIXING OF REMUNERATION OF JOINT STATUTORY AUDITORS IN RESPECT OF FY 2026-2718 for0 against
- PAYMENT OF FIXED REMUNERATION TO NON–EXECUTIVE DIRECTORS (EXCLUDING THE NON–EXECUTIVE INDEPENDENT PART–TIME CHAIRPERSON)18 for0 against
Mutual fund votes, meeting of 24 Apr 2026, 45 fund houses
- Appointment of Mr. Ramesh G. Iyer as a Director and an Independent Director of the Bank44 for0 against
1 abstained
6 earlier meetings
Mutual fund votes, meeting of 4 Mar 2026, 45 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Mr. Anup Kumar Saha as a Director and Whole-Time Director, to be designated as ‘Whole-Time Director (Executive Director)’ of the Bank and payment of remuneration to him44 for0 against
1 abstained
- Issuance of Unsecured, Redeemable, Non-Convertible Debentures / Bonds / other Debt Securities on a private placement basis during FY 2026-2743 for0 against
1 abstained
1 proposal not matched to one resolution
- Item 2, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 26 Dec 2025, 44 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Sub-division of Equity Shares43 for0 against
1 abstained
- Alteration of the Capital Clause of Memorandum of Association42 for0 against
1 abstained
- Payment of remuneration to Mr. C S Rajan as Non-Executive Independent Part-time Chairman43 for0 against
1 abstained
1 proposal not matched to one resolution
- Item 2, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 2 Aug 2025, 41 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
TO RECEIVE, CONSIDER AND ADOPT THE STANDALONE AUDITED FINANCIAL STATEMENTS OF THE BANK FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2025 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREONMoreLess
40 for0 against1 abstained
- TO RECEIVE, CONSIDER AND ADOPT THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE BANK FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2025 TOGETHER WITH THE REPORT OF THE AUDITORS THEREON40 for0 against
1 abstained
- TO DECLARE DIVIDEND ON EQUITY SHARES FOR FY 2024-2539 for0 against
1 abstained
TO RE-APPOINT MS. SHANTI EKAMBARAM, WHO RETIRES BY ROTATION AND, BEING ELIGIBLE, HAS OFFERED HERSELF FOR RE-APPOINTMENT, TO HOLD OFFICE UP TO THE END OF HER TERM AS DIRECTOR AND DEPUTY MANAGING DIRECTOR, WITH EFFECT FROM END OF THE DAY ON 31ST OCTOBER, 2025MoreLess
40 for0 against1 abstained
- TO RE-APPOINT MR. ASHOK VASWANI, WHO RETIRES BY ROTATION AND, BEING ELIGIBLE, HAS OFFERED HIMSELF FOR RE-APPOINTMENT40 for0 against
1 abstained
- APPOINTMENT OF M M NISSIM & CO LLP, CHARTERED ACCOUNTANTS (FIRM REGISTRATION NUMBER: 107122W / W100672) AS ONE OF THE JOINT STATUTORY AUDITORS OF THE BANK
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundGovernance Concern: The period of shareholder approval exceeds the period of RBI approval.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundNo concern on merit, competence, eligibility of proposed Auditors. Governance Concern: The period of shareholder approval exceeds the period of RBI approval. Concern is being raised due to inconsistency in legal provisions although the Bank cannot be held at fault.
- LIC Mutual FundGovernance Concern: The period of shareholder approval exceeds the period of RBI approval. Concern is being raised due to inconsistency in legal provisions although the Bank cannot be held at fault.
31 for8 against1 abstained
- FIXING OF REMUNERATION OF JOINT STATUTORY AUDITORS IN RESPECT OF FY 2025-26
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundGovernance Concern: The period of shareholder approval exceeds the period of RBI approval.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundNo concern on merit, competence, eligibility of proposed Auditors. Governance Concern: The period of shareholder approval exceeds the period of RBI approval. Concern is being raised due to inconsistency in legal provisions although the Bank cannot be held at fault.
- LIC Mutual FundGovernance Concern: The period of shareholder approval exceeds the period of RBI approval. Concern is being raised due to inconsistency in legal provisions although the Bank cannot be held at fault.
30 for8 against - APPOINTMENT OF MR. PARITOSH KASHYAP AS A DIRECTOR AND WHOLE-TIME DIRECTOR, TO BE DESIGNATED AS ‘WHOLE-TIME DIRECTOR (EXECUTIVE DIRECTOR)’ OF THE BANK AND PAYMENT OF REMUNERATION TO HIM40 for0 against
1 abstained
- APPOINTMENT OF M/S. PARIKH & ASSOCIATES, PRACTISING COMPANY SECRETARIES AS SECRETARIAL AUDITOR AND AUTHORIZATION TO THE BOARD TO FIX THEIR REMUNERATION
Against PGIM India Mutual Fund
- PGIM India Mutual FundCompliant with law. No concern on the merits of Secretarial Auditors. Transparency Concern: Previous Auditor s remuneration has not been disclosed and the Company has not addressed if there is any Material Change in the Audit Fee.
36 for1 against1 abstained
- RELATED PARTY TRANSACTION FOR PAYMENT OF REMUNERATION TO MR. JAY KOTAK (SON OF MR. UDAY KOTAK, NON-EXECUTIVE NON-INDEPENDENT DIRECTOR) WHO IS HOLDING AN OFFICE OR PLACE OF PROFIT IN THE BANK40 for0 against
1 abstained
6 proposals not matched to one resolution
- Item 3, 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 9, as a fund house numbered it1 for0 against
Appointment of M/s. Parikh and Associates, Practising Company Secretaries (Firm Unique Identification No. P1988MH009800) as the Secretarial Auditor of the Bank for a period of five consecutive financial years, for the purpose of auditing the secretarial and related records of the Bank for the period commencing from FY 2025-26 to FY 2029-30 and payment of remuneration of an amount not exceeding Rs. 500,000/- to any out of pocket expenses, outlays and taxes, as applicable).MoreLess
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. No concern on the merits of Secretarial Auditors. Transparency Concern: Previous Auditor’s remuneration has not been disclosed and the Company has not addressed if there is any Material Change in the Audit Fee.
1 for1 against- Authorize Board to Fix Remuneration of Auditors1 for0 against
1 abstained
Mutual fund votes, meeting of 20 Feb 2025, 34 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Mr. Jaideep Hansraj as a Director and Whole-time Director, to be designated as ‘Whole-time Director (Executive Director)’ of the Bank and payment of remuneration to him33 for0 against
1 abstained
- Revision in remuneration of Ms. Shanti Ekambaram, Whole-time Director designated as ‘Deputy Managing Director’ of the Bank33 for0 against
1 abstained
- Issuance of Unsecured, Redeemable, Non-Convertible Debentures / Bonds / other Debt Securities on a private placement basis during FY 2025-2632 for0 against
1 abstained
- Approval of the Kotak Mahindra Performance Linked Restricted Stock Unit Scheme 2025 for grant of performance linked restricted stock units to eligible employees of the Bank32 for0 against
1 abstained
Approval of the Kotak Mahindra Performance Linked Restricted Stock Unit Scheme 2025 for grant of performance linked restricted stock units to the eligible employees of wholly-owned subsidiaries of the BankMoreLess
33 for0 against1 abstained
- Revision in the approved ESOP pool under the Kotak Mahindra Equity Option Scheme 2023 for the implementation of the Kotak Mahindra Performance Linked Restricted Stock Unit Scheme 202532 for0 against
1 abstained
3 proposals not matched to one resolution
- 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
Mutual fund votes, meeting of 3 Aug 2024, 32 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt the Standalone Audited Financial Statement of the Bank for the financial year ended 31st March, 2024 together with the Reports of the Board of Directors and the Auditors thereonMoreLess
30 for0 against1 abstained
- To receive, consider and adopt the Consolidated Audited Financial Statement of the Bank for the financial year ended 31st March, 2024 together with the Report of the Auditors thereon30 for0 against
1 abstained
- To confirm payment of dividend on 8.10% Non-Convertible Perpetual Non-Cumulative Preference Shares for the period from 1st April, 2023 to 13th March, 202430 for0 against
1 abstained
- To declare dividend on Equity Shares for FY 2023-2430 for0 against
1 abstained
- To re-appoint Mr. Amit Desai, who retires by rotation and, being eligible, has offered himself for re-appointment30 for0 against
1 abstained
- Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants (Firm Registration Number: 117365W) as one of the Joint Statutory Auditors of the Bank30 for0 against
1 abstained
- Fixing of remuneration of Joint Statutory Auditors in respect of FY 2024-2530 for0 against
1 abstained
- Appointment of Ms. Ketaki Bhagwati as a Director and an Independent Director of the Bank30 for0 against
1 abstained
- Alteration of the Articles of Association of the Bank30 for0 against
1 abstained
- Increase in remuneration of Mr. C S Rajan, Non-Executive Independent Part-time Chairman30 for0 against
1 abstained
10 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
Mutual fund votes, meeting of 12 Mar 2024, 33 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Payment of remuneration to Mr. C S Rajan as Non-Executive Part-time Chairman27 for0 against
1 abstained
- Appointment of Mr. Cornelis Petrus Adrianus Joseph (“Eli”) Leenaars as a Director and an Independent Director of the Bank31 for0 against
1 abstained
- Re-appointment of Mr. Uday Shankar as an Independent Director of the Bank32 for0 against
1 abstained
- Issuance of Unsecured, Redeemable, Non-Convertible Debentures / Bonds / other Debt Securities on a private placement basis during FY 2024-2531 for0 against
1 abstained
- Material Related Party Transaction with Mr. Uday Suresh Kotak during FY 2024-2532 for0 against
1 abstained
- Material Related Party Transaction with Infina Finance Private Limited during FY 2024-2532 for0 against
1 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 4, as a fund house numbered it1 for0 against
- 1) Appoint C S Rajan (DIN: 00126063) as Part-Time Non-Executive Chairperson (Independent Director) for two years from 1 January 2024 and fix his remuneration.1 for0 against
- Appoint C S Rajan (DIN: 00126063) as Part-Time Non-Executive Chairperson (Independent Director) for two years from 1 January 2024 and fix his remuneration3 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- 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.