CSB Bank CEO, chairman, board of directors and AGM
NSE: CSBBANKBSE: 542867BanksSmall Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹311.70.
28 Oct: open ₹310.20, high ₹312.35, low ₹308.20
- 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. Market capitalisation: how it is worked out
- ₹5,365 Cr686th 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. Price to earnings, trailing: how it is worked out
- 7.81
- 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. Price to book: how it is worked out
- 1.03
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 13.9%
- 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. Net interest margin in the glossary
- 3.61%
- 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.
- 1.58%
- 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.
- 0.33%
- 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. Common equity tier 1 ratio in the glossary
- 18.54%
- 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. Return on assets in the glossary
- 1.20%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 91,45746.0% delivered
CSB Bank's chairperson is Biswamohan Mahapatra and its managing director and CEO Pralay Mondal, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 21 Aug 2026.
CSB 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
- ChairpersonBiswamohan Mahapatra
- Managing director and CEOPralay Mondal
- Company Secretary and Compliance OfficerSIJO VARGHESE
11 directors7 independent2 executive2 non-executive
- Biswamohan Mahapatra · ChairpersonIndependent · joined Apr 2025 · 17 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Pralay Mondal · Managing director and CEOExecutive · joined Sep 2022 · reappointed Sep 2025 · 1 listed board · 1 committee seat
- Bellur Krishna Bhat DivakaraExecutive · joined Mar 2024 · 1 listed board
- Sheetal Rupesh SanchetiNon-executive · joined Nov 2025 · 1 listed board · 2 committee seats
- Sharmila Abhay KarveIndependent · joined Jul 2020 · reappointed Jul 2023 · 74 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 5 as chair
- Choksey Sudhin BhagwandasIndependent · joined Mar 2021 · reappointed Jan 2024 · 66 months as independent · 5 listed boards · 4 as independent · 7 committee seats, 3 as chair
- Sharad Kumar SaxenaIndependent · joined Feb 2022 · reappointed Feb 2025 · 55 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- Renu KohliIndependent · joined Dec 2023 · 33 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Deepak MaheshwariIndependent · joined Jun 2024 · 27 months as independent · 2 listed boards · 1 as independent · 2 committee seats
- Narasimha Raju Narasappa DoddahosahalliIndependent · joined Dec 2024 · 21 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Anish ThurthiNon-executive · joined Sep 2026 · 4 listed boards · 6 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- Sumit Maheshwari, left 3 Sep 2026: Tenure Completion
- Madhavan Menon, left 20 Oct 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 25 Sep 20268 of 10 present7 independent · 31 days in between
- 24 Aug 202611 of 11 present7 independent · 32 days in between
- 22 Jul 202611 of 11 present7 independent · 26 days in between
- 25 Jun 202610 of 11 present6 independent · 44 days in between
2 earlier meetings
- 11 May 202611 of 11 present7 independent · 6 days in between
- 4 May 202611 of 11 present7 independent
Audit Committee
Chair Sharmila Abhay Karve
Narasimha Raju Narasappa Doddahosahalli, Renu Kohli, Sheetal Rupesh Sancheti
- 24 Aug 20264 of 4 present3 independent · 32 days in between
- 22 Jul 20264 of 4 present3 independent · 29 days in between
- 22 Jun 20264 of 4 present3 independent · 48 days in between
- 4 May 20264 of 4 present3 independent · 16 days in between
1 earlier meeting
- 17 Apr 20263 of 4 present3 independent
Nomination and remuneration committee
Chair Choksey Sudhin Bhagwandas
Anish Thurthi, Renu Kohli, Narasimha Raju Narasappa Doddahosahalli
- 25 Sep 20264 of 4 present4 independent · 31 days in between
- 24 Aug 20265 of 5 present4 independent · 32 days in between
- 22 Jul 20265 of 5 present4 independent · 26 days in between
- 25 Jun 20265 of 5 present4 independent · 37 days in between
3 earlier meetings
- 18 May 20264 of 5 present3 independent · 6 days in between
- 11 May 20265 of 5 present4 independent · 6 days in between
- 4 May 20265 of 5 present4 independent
Stakeholders Relationship Committee
Chair Renu Kohli
Pralay Mondal, Choksey Sudhin Bhagwandas, Biswamohan Mahapatra, Sheetal Rupesh Sancheti
- 25 Sep 20264 of 5 present3 independent · 91 days in between
- 25 Jun 20265 of 5 present3 independent
Risk Management Committee
Chair Narasimha Raju Narasappa Doddahosahalli
Pralay Mondal, Sharad Kumar Saxena, Renu Kohli, Choksey Sudhin Bhagwandas, Biswamohan Mahapatra, Sheetal Rupesh Sancheti
- 16 Sep 20266 of 7 present5 independent · 97 days in between
- 10 Jun 20267 of 7 present5 independent · 36 days in between
- 4 May 20267 of 7 present5 independent
Corporate Social Responsibility Committee
Chair Pralay Mondal
Choksey Sudhin Bhagwandas, Anish Thurthi, Biswamohan Mahapatra
- 22 Jul 20265 of 5 present3 independent · 29 days in between
- 22 Jun 20264 of 5 present3 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 Sep 2026.
- M/s. Sundaram & Srinivasan, Chartered AccountantsPeer-review certificate valid to Sep 2027
- M/s. M P Chitale & Co, Chartered AccountantsPeer-review certificate valid to Jul 2028
2 earlier auditors
- M/s. Walker Chandiok & Co LLP, Chartered AccountantsNamed in filings from Mar 2025 to Jun 2026
- M/s. Sundaram & SrinivasanNamed in filings from Mar 2025 to Jun 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.
CSB 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.
Annual general meeting, 21 Aug 2026
67,365 shareholders on the register on 14 Aug 2026; present: 0 promoters and 68 others; votes counted by VINCENT P D / SVJS & Associates, Company Secretaries, Kochi.The company's voting result
- Adoption of Audited Financial Statements for the financial year ended March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 52.09% · promoters 65.00% · institutions 82.76% · other public 9.03%
- Re-appointment of Retiring Director, Mr. B.K.Divakara (DIN: 06439053)Ordinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.06% · other public 0.00%
Turnout: all 52.10% · promoters 65.00% · institutions 82.78% · other public 9.03%
- Appointment of Joint Statutory Auditors and fixation of their remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 52.10% · promoters 65.00% · institutions 82.78% · other public 9.03%
Approval for payment of remuneration to Mr. Biswamohan Mahapatra (DIN: 06990345), Non-Executive (Part-time) Chairman of the Bank for the Financial Year 2026-27 which would be in excess of fifty percent of the total annual remuneration payable to all the NonExecutive Directors of the Bank for said Financial Year.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 52.10% · promoters 65.00% · institutions 82.78% · other public 9.03%
- Approval for continuing the Material Related Party Transactions with FIH Mauritius Investments Ltd, the promoter of the BankOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 26.10% · promoters 0.00% · institutions 82.78% · other public 9.02%
- Approval for continuing the Material Related Party Transactions with FIH Private Investments Ltd, a wholly owned subsidiary company of FIH Mauritius Investments Ltd, the promoter of the BankOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 26.10% · promoters 0.00% · institutions 82.78% · other public 9.02%
- Approval of CSB Bank Employee Stock Option Scheme 2026 (“ESOS 2026” or “Scheme”)Special96.19% for3.81% against
Against: promoters 0.00% · institutions 8.55% · other public 0.02%
Turnout: all 52.10% · promoters 65.00% · institutions 82.78% · other public 9.03%
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, 21 Jan 2026, 4 resolutions
63,631 shareholders on the register on 12 Dec 2025; votes counted by VINCENT P D / SVJS & Associates, Company Secretaries, Kochi.The company's voting result
- Appointment of Ms. Sheetal Rupesh Sancheti (DIN: 10119781) as a Director (Non-Executive Non- Independent category) of the BankOrdinary99.80% for0.20% against
Against: promoters 0.00% · institutions 0.40% · other public 0.19%
Turnout: all 52.12% · promoters 65.00% · institutions 84.35% · other public 2.40%
- Approval for revision in the fixed pay of Mr. Pralay Mondal (DIN: 00117994), Managing Director & CEO of the Bank, with effect from April 1, 2025Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.03% · other public 0.22%
Turnout: all 52.12% · promoters 65.00% · institutions 84.35% · other public 2.40%
- Approval for payment of variable pay to Mr. Pralay Mondal (DIN: 00117994), Managing Director & CEO of the Bank, for the Financial Year 2025–26Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.03% · other public 0.22%
Turnout: all 51.19% · promoters 65.00% · institutions 81.26% · other public 2.40%
- Approval for revision in the fixed pay of Mr. B K Divakara (DIN:06439053), Whole-time Director (designated as Executive Director) of the Bank, with effect from April 1, 2025Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.03% · other public 0.22%
Turnout: all 52.12% · promoters 65.00% · institutions 84.35% · other public 2.40%
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, 26 Aug 2025, 9 resolutions
66,850 shareholders on the register on 19 Aug 2025; present: 1 promoter and 63 others; votes counted by VINCENT P D / SVJS & Associates, Company Secretaries, Kochi.The company's voting result
To receive, consider and adopt the Bank’s Audited Financial Statements for the financial year ended March 31, 2025, including the Audited Balance Sheet and Profit and Loss Account as at that date together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 54.60% · promoters 65.00% · institutions 82.81% · other public 12.73%
- Re-appointment of Retiring Director, Mr. Madhavan Menon (DIN: 00008542)Ordinary97.82% for2.18% against
Against: promoters 0.00% · institutions 4.81% · other public 0.02%
Turnout: all 54.62% · promoters 65.00% · institutions 82.86% · other public 12.73%
- Fixation of remuneration of the Joint Statutory AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 54.62% · promoters 65.00% · institutions 82.86% · other public 12.73%
- Appointment of BNP & Associates, Company Secretaries, Mumbai as Secretarial Auditors of the Bank and fixation of their remunerationOrdinary99.64% for0.36% against
Against: promoters 0.00% · institutions 0.80% · other public 0.02%
Turnout: all 54.62% · promoters 65.00% · institutions 82.86% · other public 12.73%
- Appointment of Mr. Biswamohan Mahapatra (DIN: 06990345), Non-Executive Independent Director as Non-Executive (Part-time) Chairman of the Bank and fixation of his remunerationOrdinary97.35% for2.65% against
Against: promoters 0.00% · institutions 5.84% · other public 0.03%
Turnout: all 54.62% · promoters 65.00% · institutions 82.86% · other public 12.73%
Approval for payment of remuneration to Mr. Biswamohan Mahapatra (DIN: 06990345), Non- Executive (Part-time) Chairman of the Bank for the Financial Year 2025 26 which would be in excess of fifty percent of the total annual remuneration payable to all the Non-Executive Directors of the Bank for said Financial YearMoreLess
Special99.05% for0.95% againstAgainst: promoters 0.00% · institutions 2.09% · other public 0.01%
Turnout: all 54.62% · promoters 65.00% · institutions 82.86% · other public 12.73%
- Re-appointment of Mr. Pralay Mondal (DIN: 00117994) as the Managing Director & CEO of the Bank for a period of three years with effect from September 15, 2025 to September 14, 2028Ordinary97.94% for2.06% against
Against: promoters 0.00% · institutions 4.54% · other public 0.01%
Turnout: all 54.62% · promoters 65.00% · institutions 82.86% · other public 12.73%
- Approval for continuing the Material Related Party Transactions with FIH Mauritius Investments Ltd, the promoter of the Bank.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 28.62% · promoters 0.00% · institutions 82.86% · other public 12.73%
- Approval for continuing the Material Related Party Transactions with FIH Private Investments Ltd, a wholly owned subsidiary company of FIH Mauritius Investments Ltd, the promoter of the Bank.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 28.62% · promoters 0.00% · institutions 82.86% · other public 12.73%
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, 10 Apr 2025, 1 resolution
78,800 shareholders on the register on 7 Mar 2025; votes counted by Vincent P D / SVJS & Associates, Company Secretaries, Kochi.The company's voting result
- To approve the eligibility for re-appointment and re-appointment of Mr. Biswamohan Mahapatra (DIN: 06990345) as an Independent Director of the BankSpecial96.86% for3.14% against
Against: promoters 0.00% · institutions 6.56% · other public 0.02%
Turnout: all 55.03% · promoters 65.00% · institutions 88.17% · other public 8.96%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 6 Feb 2025, 3 resolutions
79,176 shareholders on the register on 3 Jan 2025; votes counted by Vincent P D / SVJS & Associates, Company Secretaries, Kochi.The company's voting result
- Revision in the fixed pay of Mr. Pralay Mondal (DIN: 00117994), Managing Director & CEO of the Bank, with effect from April 1, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 53.33% · promoters 65.00% · institutions 86.56% · other public 5.31%
- Appointment of Mr. Narasimha Raju Narasappa Doddahosahalli, (DIN: 01070476) as an Independent Director of the BankSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 53.96% · promoters 65.00% · institutions 88.67% · other public 5.31%
- Re-appointment of Mr. Sharad Kumar Saxena (DIN: 08238872) as an Independent Director of the BankSpecial98.82% for1.18% against
Against: promoters 0.00% · institutions 2.41% · other public 0.04%
Turnout: all 53.96% · promoters 65.00% · institutions 88.67% · other public 5.31%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 23 Aug 2024, 6 resolutions
Present: 1 promoter and 63 others.
- Adoption of audited financial statements for the financial year ended March 31, 2024 along with reports of the Board of Directors and the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 56.34% · promoters 65.00% · institutions 86.63% · other public 11.97%
- Re-appointment of Retiring Director Mr. Sumit Maheshwari (DIN: 06920646)Ordinary99.13% for0.87% against
Against: promoters 0.00% · institutions 1.84% · other public 0.02%
Turnout: all 55.97% · promoters 65.00% · institutions 85.43% · other public 11.97%
- Appointment of Joint Statutory Auditors and fixation of their remunerationOrdinary99.85% for0.15% against
Against: promoters 0.00% · institutions 0.32% · other public 0.01%
Turnout: all 56.37% · promoters 65.00% · institutions 86.73% · other public 11.97%
Approval for continuing the Material Related Party Transactions in the nature of acceptance of deposits from the promoter and promoter group entities in current accounts or any other accounts of similar nature or other types of accounts permitted to be opened under applicable lawsMoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 30.37% · promoters 0.00% · institutions 86.73% · other public 11.97%
Approval for continuing the Material Related Party Transactions in the nature of permitted foreign exchange transactions including International cross border transactions with the promoter and promoter group entitiesMoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 30.37% · promoters 0.00% · institutions 86.73% · other public 11.97%
- Appointment of Mr. Deepak Maheshwari, (DIN:08163253) as Non-Executive Independent Director of the BankSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 56.37% · promoters 65.00% · institutions 86.73% · other public 11.97%
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, 18 Apr 2024, 2 resolutions
- Appointment of Mr. B K Divakara (DIN:06439053) as a Director and Whole-time Director (designated as Executive Director) of the Bank and fixation of his remunerationOrdinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.10% · other public 0.15%
Turnout: all 46.27% · promoters 52.29% · institutions 79.56% · other public 12.36%
- Alteration of Article 128 of the Articles of Association of the Bank - Increase in the limit of the maximum number of directors on the board of directors of the Bank from 11 (eleven) to 15 (fifteen)Special99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 46.27% · promoters 52.29% · institutions 79.56% · other public 12.35%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 6 Mar 2024, 4 resolutions
- Appointment of Ms. Renu Kohli, (DIN: 07981627) as Non-Executive Independent Director of the BankSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 46.49% · promoters 52.29% · institutions 81.02% · other public 12.22%
- Revision in the fixed pay of Mr. Pralay Mondal (DIN: 00117994), Managing Director & CEO of the Bank, with effect from April 1, 2023Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.30%
Turnout: all 46.49% · promoters 52.29% · institutions 81.02% · other public 12.22%
Material related party transactions in the nature of acceptance of deposits from the promoter and promoter group entities in current accounts or any other accounts of similar nature or other types of accounts permitted to be opened under applicable lawsMoreLess
OrdinaryPromoters have an interest in it99.95% for0.05% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 20.49% · promoters 0.00% · institutions 81.02% · other public 12.22%
- Material related party transactions in the nature of permitted foreign exchange transactions including International cross border transactions with the promoter and promoter group entitiesOrdinaryPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.27%
Turnout: all 20.49% · promoters 0.00% · institutions 81.02% · other public 12.22%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 21 Aug 2026, 11 fund houses
- Adoption of Audited Financial Statements for the financial year ended March 31, 202611 for0 against
- Re-appointment of Retiring Director, Mr. B.K.Divakara (DIN: 06439053)11 for0 against
- Appointment of Joint Statutory Auditors and fixation of their remuneration11 for0 against
Approval for payment of remuneration to Mr. Biswamohan Mahapatra (DIN: 06990345), Non-Executive (Part-time) Chairman of the Bank for the Financial Year 2026-27 which would be in excess of fifty percent of the total annual remuneration payable to all the NonExecutive Directors of the Bank for said Financial Year.MoreLess
11 for0 against- Approval for continuing the Material Related Party Transactions with FIH Mauritius Investments Ltd, the promoter of the Bank11 for0 against
- Approval for continuing the Material Related Party Transactions with FIH Private Investments Ltd, a wholly owned subsidiary company of FIH Mauritius Investments Ltd, the promoter of the Bank11 for0 against
- Approval of CSB Bank Employee Stock Option Scheme 2026 (“ESOS 2026” or “Scheme”)
Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance and Transparency Concern: Exercise Period may not apply uniformly across employees under the Scheme; Ambiguity regarding the vesting period, resulting in the possibility of the Scheme providing a broad range of vesting periods and exercise of excessive discretion by the Committee.
- Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance and Transparency Concern: Exercise Period may not apply uniformly across employees under the Scheme; Ambiguity regarding the vesting period, resulting in the possibility of the Scheme providing a broad range of vesting periods and exercise of excessive discretion by the Committee.
8 for3 against
Mutual fund votes, meeting of 21 Jan 2026, 16 fund houses
- Appointment of Ms. Sheetal Rupesh Sancheti (DIN: 10119781) as a Director (Non-Executive Non- Independent category) of the Bank16 for0 against
- Approval for revision in the fixed pay of Mr. Pralay Mondal (DIN: 00117994), Managing Director & CEO of the Bank, with effect from April 1, 202516 for0 against
- Approval for payment of variable pay to Mr. Pralay Mondal (DIN: 00117994), Managing Director & CEO of the Bank, for the Financial Year 2025–2616 for0 against
- Approval for revision in the fixed pay of Mr. B K Divakara (DIN:06439053), Whole-time Director (designated as Executive Director) of the Bank, with effect from April 1, 202516 for0 against
Mutual fund votes, meeting of 26 Aug 2025, 15 fund houses
9 proposals
To receive, consider and adopt the Bank’s Audited Financial Statements for the financial year ended March 31, 2025, including the Audited Balance Sheet and Profit and Loss Account as at that date together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
15 for0 against- Re-appointment of Retiring Director, Mr. Madhavan Menon (DIN: 00008542)15 for0 against
- Fixation of remuneration of the Joint Statutory Auditors15 for0 against
- Appointment of BNP & Associates, Company Secretaries, Mumbai as Secretarial Auditors of the Bank and fixation of their remuneration
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundTransparency concern: Fee paid to outgoing auditor not disclosed by the Bank to ascertain any material change in the proposed Audit fee.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed Auditors. Transparency concern: Fee paid to outgoing auditor not disclosed by the Bank to ascertain any material change in the proposed Audit fee.
11 for4 against - Appointment of Mr. Biswamohan Mahapatra (DIN: 06990345), Non-Executive Independent Director as Non-Executive (Part-time) Chairman of the Bank and fixation of his remuneration
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance concern: The original appointment of the director is non-compliant with the law. Therefore, the current resolutions cannot be supported due to underlying existing non-compliance.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: The original appointment of the director is non-compliant with the law. Therefore, the current resolutions cannot be supported due to underlying existing non-compliance.
- LIC Mutual FundGovernance concern: the current resolutions cannot be supported due to underlying existing non-compliance.
10 for5 against Approval for payment of remuneration to Mr. Biswamohan Mahapatra (DIN: 06990345), Non- Executive (Part-time) Chairman of the Bank for the Financial Year 2025 26 which would be in excess of fifty percent of the total annual remuneration payable to all the Non-Executive Directors of the Bank for said Financial YearMoreLess
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance concern: The original appointment of the director is non-compliant with the law. Therefore, the current resolutions cannot be supported due to underlying existing non-compliance.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: The original appointment of the director is non-compliant with the law. Therefore, the current resolutions cannot be supported due to underlying existing non-compliance.
- LIC Mutual FundGovernance concern: the current resolutions cannot be supported due to underlying existing non-compliance.
10 for5 against- Re-appointment of Mr. Pralay Mondal (DIN: 00117994) as the Managing Director & CEO of the Bank for a period of three years with effect from September 15, 2025 to September 14, 2028
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundTransparency Concern: The Bank has not disclosed the remuneration proposed to be paid to the concerned director.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of director. Transparency Concern: The Bank has not disclosed the remuneration proposed to be paid to the concerned director.
11 for4 against - Approval for continuing the Material Related Party Transactions with FIH Mauritius Investments Ltd, the promoter of the Bank.15 for0 against
- Approval for continuing the Material Related Party Transactions with FIH Private Investments Ltd, a wholly owned subsidiary company of FIH Mauritius Investments Ltd, the promoter of the Bank.15 for0 against
Mutual fund votes, meeting of 10 Apr 2025, 14 fund houses
1 proposal
- To approve the eligibility for re-appointment and re-appointment of Mr. Biswamohan Mahapatra (DIN: 06990345) as an Independent Director of the Bank
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundAppointment without serving the cooling off period of three years.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundRe-appointment is not in accordance with law: Appointment without serving the cooling off period of three years.
8 for6 against
Mutual fund votes, meeting of 6 Feb 2025, 12 fund houses
3 proposals
- Revision in the fixed pay of Mr. Pralay Mondal (DIN: 00117994), Managing Director & CEO of the Bank, with effect from April 1, 202412 for0 against
- Appointment of Mr. Narasimha Raju Narasappa Doddahosahalli, (DIN: 01070476) as an Independent Director of the Bank12 for0 against
- Re-appointment of Mr. Sharad Kumar Saxena (DIN: 08238872) as an Independent Director of the Bank12 for0 against
Mutual fund votes, meeting of 23 Aug 2024, 15 fund houses
6 proposals
- Adoption of audited financial statements for the financial year ended March 31, 2024 along with reports of the Board of Directors and the Auditors thereon15 for0 against
- Re-appointment of Retiring Director Mr. Sumit Maheshwari (DIN: 06920646)15 for0 against
- Appointment of Joint Statutory Auditors and fixation of their remuneration
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundAppointment compliant with law. No concern on merit, competence, eligibility of proposed Auditors. Governance concern: The period of shareholder approval exceeds the period of RBI approval. Concern arising due to inconsistency in legal provision.
11 for4 against Approval for continuing the Material Related Party Transactions in the nature of acceptance of deposits from the promoter and promoter group entities in current accounts or any other accounts of similar nature or other types of accounts permitted to be opened under applicable lawsMoreLess
15 for0 againstApproval for continuing the Material Related Party Transactions in the nature of permitted foreign exchange transactions including International cross border transactions with the promoter and promoter group entitiesMoreLess
15 for0 against- Appointment of Mr. Deepak Maheshwari, (DIN:08163253) as Non-Executive Independent Director of the Bank15 for0 against
Mutual fund votes, meeting of 18 Apr 2024, 15 fund houses
2 proposals
- Appointment of Mr. B K Divakara (DIN:06439053) as a Director and Whole-time Director (designated as Executive Director) of the Bank and fixation of his remuneration15 for0 against
- Alteration of Article 128 of the Articles of Association of the Bank - Increase in the limit of the maximum number of directors on the board of directors of the Bank from 11 (eleven) to 15 (fifteen)15 for0 against
Mutual fund votes, meeting of 6 Mar 2024, 15 fund houses
5 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Ms. Renu Kohli, (DIN: 07981627) as Non-Executive Independent Director of the Bank15 for0 against
- Revision in the fixed pay of Mr. Pralay Mondal (DIN: 00117994), Managing Director & CEO of the Bank, with effect from April 1, 202315 for0 against
Material related party transactions in the nature of acceptance of deposits from the promoter and promoter group entities in current accounts or any other accounts of similar nature or other types of accounts permitted to be opened under applicable lawsMoreLess
3 for0 against- Material related party transactions in the nature of permitted foreign exchange transactions including International cross border transactions with the promoter and promoter group entities3 for0 against
1 proposal not matched to one resolution
Material related party transactions with FIH Mauritius Investments Ltd and FIH Private Investments Ltd, up to Rs.5,000 Crore for the remaining period of the financial year ending on March 31, 2024 and upto the date of the ensuing Annual General Meeting of the Bank for the financial year 2023-24.MoreLess
12 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 penaltyReserve Bank of IndiaSince 21 Jul 2026
The Reserve Bank of India has imposed a penalty of Rs. 10,000/- on July 21, 2026, in connection with the Incognito Visit conducted at Thoppumpady Branch dated July 07, 2026, for the deficiency in Customer Service.
- Tax disputeGST AuthoritySince 21 Aug 2024No Change.At the filing before: The appeal is pending before the CESTAT against the order for FY 2016-17
- Tax disputeIncome Tax AuthoritySince 28 Jul 2023No Change.At the filing before: The Hon’ble Income Tax Appellate Tribunal, vide order dated October 30, 2025, decided the matter in favour of the Bank and affirmed the deletion of the impugned tax demand.
- Tax disputeIncome Tax AuthoritySince 30 Sep 2022The Commissioner of Income Tax (Appeals) vide order dated 31 July 2026 decided the appeal in favour of the Bank.At the filing before: Appeal is pending before the Commissioner of Income Tax (Appeals) against the order for AY 2017-18.
- Tax disputeGST AuthoritySince 27 Feb 2025No Change.
At the filing before: The Bank has filed an appeal against the order of the GST Department of Tamil Nadu State for FY 2020-21 on May 6, 2025. The same is pending before the Deputy Commissioner (CT), Office of the Appellate Authority, Tamil Nadu.MoreLess
- Tax disputeGST AuthoritySince 29 Dec 2025No Change.At the filing before: The Bank has filed an appeal against the order of the GST Department of Maharashtra State for FY 2021-22 on March 25, 2026. The same is pending before the Appellate Authority, Maharashtra.
- Tax disputeGST AuthoritySince 30 Dec 2025No Change.At the filing before: The Bank has filed an appeal against the order of the GST Department of Kerala State for FY 2021-22 on March 25, 2026. The same is pending before the Appellate Authority, Kerala.
- Tax disputeGST AuthoritySince 31 Dec 2025
The Deputy Commissioner (ST) (Appeal), vide order dated 31 August 2026, has upheld the order passed by the GST Department and confirmed the demand pertaining to FY 2021-22. The Bank, being aggrieved by the said appellate order, proposes to file an appeal before the GST Tribunal and contest the matter in accordance with law.MoreLess
At the filing before: The Bank has filed an appeal against the order of the GST Department of Tamil Nadu State for FY 2021-22 on March 27, 2026. The same is pending before the Appellate Authority, Tamil Nadu.
1 more
- Tax disputeGST AuthoritySince 24 Dec 2025
The Additional Commissioner of Revenue, GST Appellate Authority, vide order dated 17 September 2026, has passed an order granting partial relief and consequently reduced the GST demand. The Bank proposes to file a rectification application before the concerned GST Authority to rectify an apparent error on the face of the record in the said order.MoreLess
At the filing before: The Bank has filed an appeal against the order of the GST Department of West Bengal State for FY 2021-22 on March 04, 2026. The same is pending before the Appellate Authority, West Bengal.
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.