RBL Bank CEO, MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 2 Sep 2026, 14 fund houses so far (houses' deadline to file 15 Oct 2026)

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• To receive, consider and adopt the audited standalone financial statements of the Bank for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereonMoreLess

  14 for0 against
• To receive, consider and adopt the audited consolidated financial statements of the Bank for the financial year ended March 31, 2026 and the Report of the Auditors thereon

  14 for0 against
• To declare a dividend of Rs. 1 per equity share of face value of Rs. 10 each for the financial year ended March 31, 2026

  14 for0 against
• To appoint a director in place of Mr. Jaideep Iyer (DIN: 06384037), who retires by rotation and being eligible, offers himself for re-appointment

  14 for0 against
• To approve appointment of Mr. Suryanarayan Subramanian (DIN: 11746038) (Mr. Surya Subramanian) as a Non-Executive Independent Director on the Board of Directors of the Bank

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance Concern: Ex-employee of promoter proposed as Independent Director. Transparency Concern: No clarity on whether cooling-off period of three years served from the promoter group before appointment as Independent Director or not.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern has been identified on the profile and merit of the proposed appointee. Governance Concern: Exemployee of promoter proposed as ID. Transparency Concern: No clarity on whether cooling-off period of three years served from the promoter group before appointment as ID or not.

  11 for3 against
• To approve appointment of Mr. Shayne Keith Nelson (DIN: 02191937) as a Non-Executive Non-Independent Director [Nominee of Emirates NBD Bank (P.J.S.C)] on the Board of Directors of the Bank

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: The proposed appointments would result in a Board comprising 5 Non-Executive Directors, 2 Executive Directors and 6 Independent Directors, with Independent Directors constituting below 50% of the Board. While the Bank has obtained an RBI exemption from the requirement of having at least half of the directors as Independent Directors with regards to the board meeting quorum requirements as required under RBI guidelines, the proposed composition raises a governance concern as the number of Non-Independent Directors would exceed the number of Independent Directors, with all or majority of Non-Independent Directors being nominees of the Promoter. From a governance standpoint this may affect the governance balance of the Board. Further, the concern arises from the collective impact on the board composition due to all five proposed appointments and is not attributable to any particular nominee. Hence, all the appointments are assessed together from a governance perspective. Additionally, the Independent Director proposed for appointment under resolution #5 is an ex-employee of the Promoter.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern has been identified on the merit and profile of the proposed appointees. Governance concern: The proposed appointments would result in a Board comprising 5 NEDs, 2 EDs and 6 IDs, with Independent Directors constituting below 50% of the Board. While the Bank has obtained an RBI exemption from the requirement of having at least half of the directors as Independent Directors w.r.t. the board meeting quorum requirements as required under RBI guidelines, the proposed composition raises a governance concern as the number of NIDs would exceed the number of IDs, with all or majority of NIDs being nominees of the Promoter. From a governance standpoint this may affect the governance balance of the Board. Further, the concern arises from the collective impact on the board composition due to all five proposed appointments and is not attributable to any particular nominee. Hence, all the appointments are assessed together from a governance perspective. Additionally, the ID proposed for appointment under resolution #5 is an ex-employee of the Promoter.

  11 for3 against
• To approve appointment of Mr. Patrick John Sullivan (DIN: 11710803) as a Non-Executive Non-Independent Director [Nominee of Emirates NBD Bank (P.J.S.C)] on the Board of Directors of the Bank

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: The proposed appointments would result in a Board comprising 5 Non-Executive Directors, 2 Executive Directors and 6 Independent Directors, with Independent Directors constituting below 50% of the Board. While the Bank has obtained an RBI exemption from the requirement of having at least half of the directors as Independent Directors with regards to the board meeting quorum requirements as required under RBI guidelines, the proposed composition raises a governance concern as the number of Non-Independent Directors would exceed the number of Independent Directors, with all or majority of Non-Independent Directors being nominees of the Promoter. From a governance standpoint this may affect the governance balance of the Board. Further, the concern arises from the collective impact on the board composition due to all five proposed appointments and is not attributable to any particular nominee. Hence, all the appointments are assessed together from a governance perspective. Additionally, the Independent Director proposed for appointment under resolution #5 is an ex-employee of the Promoter.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern has been identified on the merit and profile of the proposed appointees. Governance concern: The proposed appointments would result in a Board comprising 5 NEDs, 2 EDs and 6 IDs, with Independent Directors constituting below 50% of the Board. While the Bank has obtained an RBI exemption from the requirement of having at least half of the directors as Independent Directors w.r.t. the board meeting quorum requirements as required under RBI guidelines, the proposed composition raises a governance concern as the number of NIDs would exceed the number of IDs, with all or majority of NIDs being nominees of the Promoter. From a governance standpoint this may affect the governance balance of the Board. Further, the concern arises from the collective impact on the board composition due to all five proposed appointments and is not attributable to any particular nominee. Hence, all the appointments are assessed together from a governance perspective. Additionally, the ID proposed for appointment under resolution #5 is an ex-employee of the Promoter.

  11 for3 against
• To approve appointment of Mr. Neeraj Makin (DIN: 11699792) as a Non-Executive Non-Independent Director [Nominee of Emirates NBD Bank (P.J.S.C)] on the Board of Directors of the Bank

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: The proposed appointments would result in a Board comprising 5 Non-Executive Directors, 2 Executive Directors and 6 Independent Directors, with Independent Directors constituting below 50% of the Board. While the Bank has obtained an RBI exemption from the requirement of having at least half of the directors as Independent Directors with regards to the board meeting quorum requirements as required under RBI guidelines, the proposed composition raises a governance concern as the number of Non-Independent Directors would exceed the number of Independent Directors, with all or majority of Non-Independent Directors being nominees of the Promoter. From a governance standpoint this may affect the governance balance of the Board. Further, the concern arises from the collective impact on the board composition due to all five proposed appointments and is not attributable to any particular nominee. Hence, all the appointments are assessed together from a governance perspective. Additionally, the Independent Director proposed for appointment under resolution #5 is an ex-employee of the Promoter.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern has been identified on the merit and profile of the proposed appointees. Governance concern: The proposed appointments would result in a Board comprising 5 NEDs, 2 EDs and 6 IDs, with Independent Directors constituting below 50% of the Board. While the Bank has obtained an RBI exemption from the requirement of having at least half of the directors as Independent Directors w.r.t. the board meeting quorum requirements as required under RBI guidelines, the proposed composition raises a governance concern as the number of NIDs would exceed the number of IDs, with all or majority of NIDs being nominees of the Promoter. From a governance standpoint this may affect the governance balance of the Board. Further, the concern arises from the collective impact on the board composition due to all five proposed appointments and is not attributable to any particular nominee. Hence, all the appointments are assessed together from a governance perspective. Additionally, the ID proposed for appointment under resolution #5 is an ex-employee of the Promoter.

  11 for3 against
• To approve appointment of Mr. Manoj Chawla (DIN: 11716190) as a Non-Executive Non-Independent Director [Nominee of Emirates NBD Bank (P.J.S.C)] on the Board of Directors of the Bank

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: The proposed appointments would result in a Board comprising 5 Non-Executive Directors, 2 Executive Directors and 6 Independent Directors, with Independent Directors constituting below 50% of the Board. While the Bank has obtained an RBI exemption from the requirement of having at least half of the directors as Independent Directors with regards to the board meeting quorum requirements as required under RBI guidelines, the proposed composition raises a governance concern as the number of Non-Independent Directors would exceed the number of Independent Directors, with all or majority of Non-Independent Directors being nominees of the Promoter. From a governance standpoint this may affect the governance balance of the Board. Further, the concern arises from the collective impact on the board composition due to all five proposed appointments and is not attributable to any particular nominee. Hence, all the appointments are assessed together from a governance perspective. Additionally, the Independent Director proposed for appointment under resolution #5 is an ex-employee of the Promoter.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern has been identified on the merit and profile of the proposed appointees. Governance concern: The proposed appointments would result in a Board comprising 5 NEDs, 2 EDs and 6 IDs, with Independent Directors constituting below 50% of the Board. While the Bank has obtained an RBI exemption from the requirement of having at least half of the directors as Independent Directors w.r.t. the board meeting quorum requirements as required under RBI guidelines, the proposed composition raises a governance concern as the number of NIDs would exceed the number of IDs, with all or majority of NIDs being nominees of the Promoter. From a governance standpoint this may affect the governance balance of the Board. Further, the concern arises from the collective impact on the board composition due to all five proposed appointments and is not attributable to any particular nominee. Hence, all the appointments are assessed together from a governance perspective. Additionally, the ID proposed for appointment under resolution #5 is an ex-employee of the Promoter.

  11 for3 against
• To approve appointment of Mr. Marwan Mahmood Mohammad Hadi (DIN: 11711479) as a Non-Executive Non-Independent Director [Nominee of Emirates NBD Bank (P.J.S.C)] on the Board of Directors of the Bank

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: The proposed appointments would result in a Board comprising 5 Non-Executive Directors, 2 Executive Directors and 6 Independent Directors, with Independent Directors constituting below 50% of the Board. While the Bank has obtained an RBI exemption from the requirement of having at least half of the directors as Independent Directors with regards to the board meeting quorum requirements as required under RBI guidelines, the proposed composition raises a governance concern as the number of Non-Independent Directors would exceed the number of Independent Directors, with all or majority of Non-Independent Directors being nominees of the Promoter. From a governance standpoint this may affect the governance balance of the Board. Further, the concern arises from the collective impact on the board composition due to all five proposed appointments and is not attributable to any particular nominee. Hence, all the appointments are assessed together from a governance perspective. Additionally, the Independent Director proposed for appointment under resolution #5 is an ex-employee of the Promoter.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern has been identified on the merit and profile of the proposed appointees. Governance concern: The proposed appointments would result in a Board comprising 5 NEDs, 2 EDs and 6 IDs, with Independent Directors constituting below 50% of the Board. While the Bank has obtained an RBI exemption from the requirement of having at least half of the directors as Independent Directors w.r.t. the board meeting quorum requirements as required under RBI guidelines, the proposed composition raises a governance concern as the number of NIDs would exceed the number of IDs, with all or majority of NIDs being nominees of the Promoter. From a governance standpoint this may affect the governance balance of the Board. Further, the concern arises from the collective impact on the board composition due to all five proposed appointments and is not attributable to any particular nominee. Hence, all the appointments are assessed together from a governance perspective. Additionally, the ID proposed for appointment under resolution #5 is an ex-employee of the Promoter.

  11 for3 against
• To approve increase in Borrowing Powers

  5 for0 against
• To approve borrowing / raising of funds in Indian rupees / foreign currency, through issue of debt securities on a private placement basis for an amount of up to Rs. 10,000 crore

  14 for0 against

Mutual fund votes, meeting of 4 May 2026, 38 fund houses

• Amendment to the Articles of Association of the Bank and grant of Special Right regarding Director Nomination to Identified Shareholder of the Bank.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund

  • Angel One Mutual FundGovernance concern: The rights are given to nominate all of the non-independent directors on the Board, including executive directors, if shareholding of promoter investor would be above 50%, appears to be significant and does not reflect good governance.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance concern: The rights are given to nominate all of the non-independent directors on the Board, including executive directors, if shareholding of promoter investor would be above 50%, appears to be significant and does not reflect good governance.
  • PPFAS Mutual FundRights significantly inclined towards a single investor

  31 for6 against

  1 abstained

• Amendment to the Article of Association of the Bank.

  37 for0 against

  1 abstained

• To approve Fixed Remnueration payable to Mr. Chandan Sinha (DIN : 06921244) as Non-executive Part-time Chairman of the Bank.

  37 for0 against

  1 abstained

• Fine or penaltyGoods and Service Tax AuthoritySince 11 Aug 2026₹40,000

  Demand raised by the GST department vide Order having reference no. ZD330826080798P issued for FY 2018-19 dated August 11th, 2026 for GSTR 2A and 3B Mismatch and ITC availment on the invoices issued by GSTR 3B defaulters.

  ITC reversal due to GSTR 2A and 3B mismatch and ITC availed on the invoices issued by GSTR 3B defaulters Order-in-Appeal passed against Adjudication Order Ref. No. ZD330524020473T dated 04.05.2024 The Bank had received an Adjudication Order bearing Reference No. ZD330524020473T dated 04.05.2024, confirming a demand of Rs. 2,96,82,725 comprising tax of Rs. 2,69,80,478, penalty of Rs. 27,02,247, along with applicable interest. Against the said order, the Bank filed an appeal before the Commissioner (Appeals) on 26.06.2024 and deposited 10% of the disputed tax amount (Rs. 27,07,855) as the mandatory pre-deposit. The Commissioner (Appeals) subsequently passed an order reducing the demand to Rs. 1,71,082, comprising tax of Rs. 1,31,082 and penalty of Rs. 40,000, pertaining to issues relating to GSTR-2A/GSTR-3B mismatch and ITC availed from taxpayers who had not filed GSTR-3B returns. Although the Bank has the option to file a further appeal before the GST Appellate Tribunal (GSTAT), considering the relatively small amount involved vis-à-vis the litigation cost, court fees, administrative efforts, and time required for pursuing the matter, the Bank has decided to accept the appellate order and settle the demand to close the matter. Accordingly, the penalty of Rs. 40,000 has been paid, while the tax amount of Rs. 1,31,082 is being adjusted by the department against the pre-deposit of Rs. 27,07,855 made at the time of filing the appeal before the Commissioner (Appeals). Balance amount remaining after such tax adjustment shall be claimed as a refund in accordance with the provisions of the GST law.MoreLess
• Tax disputeDeputy Commissioner of State Tax (GST)Since 5 Apr 2024
  Appeal has been filed by RBL Bank before Joint Commissioner of State Tax (Appeals) on July 1, 2024 against the order.
  At the filing before: Order dated 5th April 2024 u/s 73 of CGST Act issued by authority.
• Tax disputeAssistant Commissioner of State Tax (GST)Since 27 Aug 2026
  Reply to SCN has been filed by RBL Bank before Assistant Commissioner of State Tax (GST) on September 21, 2026, against the order.
  At the filing before: SCN dated 27th August 2026 u/s 74 of CGST Act issued by authority.
• Tax disputeAssistant Commissioner of State Tax (GST)Since 2 Sep 2026
  Reply to SCN has been filed by RBL Bank before Assistant Commissioner of State Tax (GST) on October 1, 2026, against the order.
  At the filing before: SCN dated 2nd Septmber 2026 u/s 74 of CGST Act issued by authority.
• Tax disputeAssistant Commissioner of State Tax (GST)Since 29 Sep 2026
  Reply to SCN shall be filed by RBL Bank before Assistant Commissioner of State Tax (GST) within prescribed timelines
  At the filing before: SCN dated 30th September 2026 u/s 73 of CGST Act issued by authority.

In the company's own words, from its latest governance filing.

The board is made up as the listing rules require

Yes

The board has a regular chairperson

Yes

The company has a risk management committee

Yes

The chair is related to the managing director

No

The filing has a part on fines and penalties

Yes

The filing has a part on tax disputes

Yes

There was a cyber security incident in the quarter

No

The company's own answers in its filing.