Indian Overseas Bank CEO, chairman, board of directors and AGM
NSE: IOBBSE: 532388BanksMid Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹29.25.
30 Oct: open ₹29.20, high ₹29.24, low ₹28.61
- 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
- ₹55,343 Cr163rd 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
- 8.31
- 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
- 1.37
- 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.
- 17.9%
- 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. For the whole group. Net interest margin in the glossary
- 3.17%
- Gross NPAGross NPA, non-performing loans. Gross non-performing loans as a percentage of all loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is below the net share. At the end of Sep 2026. For the company alone, not its group: the regulator measures it company by company.
- 1.19%
- Net NPANet NPA, non-performing loans. Net non-performing loans as a percentage of loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is above the gross share. At the end of Sep 2026. For the company alone, not its group: the regulator measures it company by company.
- 0.16%
- CET1Common equity tier 1 ratio. The bank's core capital, mostly shareholders' money, as a percentage of its loans and other assets weighted by risk, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the figure is outside what it can be. At the end of Sep 2026. For the company alone, not its group: the regulator measures it company by company. Common equity tier 1 ratio in the glossary
- 16.26%
- 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. Return on assets in the glossary
- 1.25%
- 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
- 26,84,28745.7% delivered
Indian Overseas Bank's chairperson is SRINIVASAN SRIDHAR and its managing director and CEO AJAY KUMAR SRIVASTAVA, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 7 Jul 2026.
Indian Overseas 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
- ChairpersonSRINIVASAN SRIDHAR
- Managing director and CEOAJAY KUMAR SRIVASTAVA
- Company Secretary and Compliance OfficerRAGHURAM MALLELA
7 directors2 independent3 executive2 non-executive
- SRINIVASAN SRIDHAR · ChairpersonIndependent · joined Feb 2024 · 31 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
- AJAY KUMAR SRIVASTAVA · Managing director and CEOExecutive · joined Jan 2023 · 1 listed board
- JOYDEEP DUTTA ROYExecutive · joined Jan 2024 · reappointed Oct 2025 · 1 listed board · 1 committee seat
- DHANARAJ TExecutive · joined Mar 2024 · 1 listed board · 1 committee seat
- NEELAM AGRAWALNominee, non-executive · joined Aug 2024 · 1 listed board
- THOMAS MATHEWNominee, non-executive · joined Mar 2026 · 1 listed board
- G. VENKATARAMANAN · Shareholder DirectorIndependent · joined Dec 2025 · 9 months as independent · 1 listed board · 1 as independent · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
4 directors who left
- SURESH KUMAR RUNGTA, left 10 Apr 2026: Tenure Completion
- DEEPAK SHARMA, left 10 Apr 2026: Tenure Completion
- B CHANDRA REDDY, left 10 Apr 2026: Tenure Completion
- SONALI SEN GUPTA, left 3 Mar 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 22 Sep 20266 of 7 present2 independent · 10 days in between
- 11 Sep 20267 of 7 present2 independent · 51 days in between
- 21 Jul 20267 of 7 present2 independent · no day in between
- 20 Jul 20267 of 7 present2 independent · 25 days in between
3 earlier meetings
- 24 Jun 20266 of 7 present1 independent
- 21 May 20267 of 7 present1 independent
- 29 Apr 20267 of 7 present1 independent
Stakeholders Relationship Committee
Chair SRINIVASAN SRIDHAR
JOYDEEP DUTTA ROY, DHANARAJ T, G. VENKATARAMANAN
- 12 Sep 20264 of 4 present2 independent · 52 days in between
- 21 May 20264 of 4 present1 independent
Risk Management Committee
Chair G. VENKATARAMANAN
SRINIVASAN SRIDHAR, AJAY KUMAR SRIVASTAVA
- 21 Jul 20263 of 3 present2 independent · 60 days in between
- 8 Apr 20267 of 8 present4 independent
Audit Committee
- 8 Apr 20264 of 4 present3 independent
Nomination and remuneration committee
- 8 Apr 20264 of 4 present4 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 R Devendra Kumar & AssociatesPeer-review certificate valid to May 2028
- M/s Tej Raj & PalPeer-review certificate valid to Jan 2027
- M/s Laxmi Tripti & AssociatesPeer-review certificate valid to Jan 2028
- M/s Sanjeev Omprakash Garg & CoPeer-review certificate valid to Jul 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Indian Overseas Bank AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Indian Overseas Bank dividend history
Annual general meeting, 7 Jul 2026
9,74,371 shareholders on the register on 30 Jun 2026; present: 1 promoter and 106 others; votes counted by R SRIDHARAN / R SRIDHARAN & ASSOCIATES.The company's voting result
To discuss, approve and adopt the Audited Standalone and Consolidated Balance Sheet of the Bank as of March 31, 2026, Standalone and Consolidated Profit and Loss account and Cash Flow Statement for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors' Report on the Balance Sheet and Accounts.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.20% · other public 8.60%
Turnout: all 96.95% · promoters 100.00% · institutions 94.62% · other public 0.15%
To raise equity share capital up to ₹5,000 crores (including share premium, if any), in one or more tranches, by way of Follow-on Public Offer/ Rights Issue/ Qualified Institutional Placements / ESPS / Issue of shares on preferential basis to LIC and other insurance companies / Mutual Funds / QIBs or any other mode or combination thereof during the Financial Year 2026-27MoreLess
Special99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.20% · other public 10.02%
Turnout: all 96.95% · promoters 100.00% · institutions 94.62% · other public 0.15%
- Appropriation of accumulated losses as on 31.03.2026 from Share Premium account.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 8.68%
Turnout: all 96.95% · promoters 100.00% · institutions 94.62% · other public 0.15%
Extension of tenure of Shri Ajay Kumar Srivastava, Managing Director & Chief Executive Officer, as Whole-time Director of the Bank beyond his currently notified term which expired on 31.12.2025, from 01.01.2026 till 08.10.2027.MoreLess
Ordinary99.97% for0.03% againstAgainst: promoters 0.00% · institutions 0.65% · other public 14.95%
Turnout: all 96.95% · promoters 100.00% · institutions 94.62% · other public 0.15%
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 Jul 2025, 8 resolutions
10,28,184 shareholders on the register on 25 Jun 2025; present: 1 promoter and 87 others; votes counted by R SRIDHARAN / R SRIDHARAN & ASSOCIATES.The company's voting result
The First Agenda is an Ordinary Resolution for Adoption of Audited Balance Sheet of the Bank as of 31st March 2025, the Profit and Loss Account, Cash Flow statement for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and AccountsMoreLess
Ordinary99.96% for0.05% againstAgainst: promoters 0.00% · institutions 2.04% · other public 1.22%
Turnout: all 96.74% · promoters 100.00% · institutions 86.29% · other public 0.21%
- The Second Agenda is an Ordinary Resolution seeking shareholder’s approval for the appointment of Ms. Neelam Agrawal as Non-Executive Director (Government Nominee Director) of the Bank.Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 2.11% · other public 7.92%
Turnout: all 96.74% · promoters 100.00% · institutions 86.29% · other public 0.21%
- The Third Agenda is a Special Resolution seeking shareholder’s approval for the appointment (Re-nomination) of Shri Deepak Sharma as the Part-Time Non-Official Director of the BankSpecial99.95% for0.05% against
Against: promoters 0.00% · institutions 2.05% · other public 12.24%
Turnout: all 96.74% · promoters 100.00% · institutions 86.29% · other public 0.21%
- The Fourth Agenda is a Special Resolution seeking shareholder’s approval for appointment (Re-nomination) of Shri B. Chandra Reddy as the Part-Time Non-Official Director of the Bank.Special99.95% for0.05% against
Against: promoters 0.00% · institutions 2.05% · other public 8.70%
Turnout: all 96.74% · promoters 100.00% · institutions 86.29% · other public 0.21%
- The Fifth Agenda is a Special Resolution to seek shareholder’s approval for appointment (Re-nomination) of Shri Suresh Kumar Rungta as the Part-Time Non-Official Director of the Bank.Special99.93% for0.07% against
Against: promoters 0.00% · institutions 3.31% · other public 11.11%
Turnout: all 96.74% · promoters 100.00% · institutions 86.29% · other public 0.21%
The Sixth Agenda is an Ordinary Resolution to seek shareholder’s approval for Appointment of M/s Srinidhi Sridharan & Associates, Company Secretaries as Secretarial Auditor of the Bank for an audit period of 5 years commencing from FY 2025-26 till FY 2029-30.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 5.24%
Turnout: all 96.74% · promoters 100.00% · institutions 86.29% · other public 0.21%
- The Seventh Agenda is a Special Resolution to raise equity share capital upto Rs.4000 Crore through various options available (i.e. QIP / FPO / Rights Issue / ESPS etc.) during the FY 2025-26.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 4.30%
Turnout: all 96.74% · promoters 100.00% · institutions 86.29% · other public 0.21%
The eighth Agenda is a Special Resolution to create, grant, offer, issue and allot such number of equity shares of the face value of ₹ 10 each within the aggregate issue size of ₹4,000 crores (including share premium, if any) as per the capital raising plan approved by the Board of the Bank for FY 2025-2026, in one or more tranches, to such permanent employees, whether working in India or outside India under Employees Share Purchase Scheme (IOB-ESPS 2025-26).MoreLess
Special99.93% for0.07% againstAgainst: promoters 0.00% · institutions 3.24% · other public 1.95%
Turnout: all 96.74% · promoters 100.00% · institutions 86.29% · other public 0.21%
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 Jul 2024, 7 resolutions
Present: 1 promoter and 115 others.
Adoption of Audited Balance Sheet of the Bank as at 31st March 2024, Profit and Loss Account, Cash flow Statement for the year ended 31st March 2024 together with the Directors’ Report and Auditors’ Report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.23%
Turnout: all 97.69% · promoters 100.00% · institutions 96.52% · other public 0.20%
- To seek shareholder’s approval for the appointment of Shri. Srinivasan Sridhar as Part time Non-Official Director as well as Non-Executive Chairman of the Bank.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.17% · other public 0.70%
Turnout: all 97.69% · promoters 100.00% · institutions 96.52% · other public 0.19%
- To seek shareholder’s approval for the appointment of Shri Joydeep Dutta Roy as Executive Director of the BankOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.17% · other public 0.68%
Turnout: all 97.69% · promoters 100.00% · institutions 96.52% · other public 0.19%
- To seek shareholder’s approval for the appointment of Shri Dhanaraj T as Executive Director of the Bank.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.17% · other public 0.93%
Turnout: all 97.69% · promoters 100.00% · institutions 96.52% · other public 0.19%
- To seek shareholder’s approval for the appointment of Shri Kartikeya Misra as Non-Executive Director (Government Nominee Director) of the Bank.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 3.20% · other public 4.24%
Turnout: all 97.69% · promoters 100.00% · institutions 96.52% · other public 0.19%
- To seek shareholder’s approval for the appointment of Ms. Sonali Sen Gupta as Non-Executive Director (RBI Nominee Director) of the BankOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.74% · other public 0.49%
Turnout: all 97.69% · promoters 100.00% · institutions 96.52% · other public 0.19%
- To raise paid up equity capital of Rs.5000 Crore through various options available (QIP/FPO/Right issues/ESPS etc.)tSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.57%
Turnout: all 97.69% · promoters 100.00% · institutions 96.52% · other public 0.20%
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, 7 Jul 2023, 4 resolutions
Present: 1 promoter and 39 others.
To discuss, approve and adopt the audited Balance Sheet of the Bank as at 31st March 2023, the Profit and Loss Account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and AccountsMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.04%
Turnout: all 97.75% · promoters 100.00% · institutions 95.19% · other public 0.08%
- To seek shareholder’s approval for the appointment of Shri Ajay Kumar Srivastava as Managing Director & CEO of the bankOrdinary99.95% for0.05% against
Against: promoters 0.00% · institutions 3.44% · other public 3.18%
Turnout: all 97.75% · promoters 100.00% · institutions 95.46% · other public 0.08%
- To seek shareholder’s approval for the appointment of Shri Sanjay Vinayak Mudaliar, Executive Director of the bankOrdinary99.88% for0.12% against
Against: promoters 0.00% · institutions 8.83% · other public 3.25%
Turnout: all 97.75% · promoters 100.00% · institutions 95.46% · other public 0.08%
- To raise paid up equity capital of Rs.1000 Crore through various options available (QIP/FPO/Right issues/ESPS etc.)Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.13%
Turnout: all 97.75% · promoters 100.00% · institutions 95.46% · other public 0.08%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 15 Jul 2022, 3 resolutions
Present: 1 promoter and 46 others.
- RESOLUTION 1 - To Discuss, approve and adopt the Audited Balance sheet of the Bank as at 31st March, 2022, the Profit and Loss account for the year ended on that dateOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.29%
Turnout: all 97.71% · promoters 100.00% · institutions 94.02% · other public 0.39%
- RESOLUTION 2 - Further issue of Equity Shres upto Rs. 1000 Crores by way of Public issue, Rights issue, Shares to Employees, Preferential issue and / or Private Placement/QIPSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.62%
Turnout: all 97.71% · promoters 100.00% · institutions 94.26% · other public 0.39%
- RESOLUTION 3: Issue of equity shares upto Rs. 200 crore to employees under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021Special99.88% for0.12% against
Against: promoters 0.00% · institutions 8.60% · other public 7.82%
Turnout: all 97.71% · promoters 100.00% · institutions 94.26% · other public 0.39%
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, 7 Aug 2021, 3 resolutions
Present: 1 promoter and 32 others.
- RESOLUTION 1 - To Discuss, approve and adopt the Audited Balance sheet of the Bank as at 31st March, 2021, the Profit and Loss account for the year ended on that dateOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 11.97%
Turnout: all 97.66% · promoters 100.00% · institutions 93.51% · other public 0.13%
RESOLUTION 2 - To create, offer, issue and allot by way of offer document/prospectus, such number of equity/preference shares (cumulative/Non-Cumulative shares) securities of face value Rs. 10/- each and not to exceed 1,25,00,00,000 equity shares as on date which together with the existing Paid up capital shall be within the total authorised capital of the Bank, being the Ceiling in the Authorised Capital of the Bank as per Section 3 (2A) of the ActMoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 14.09%
Turnout: all 97.66% · promoters 100.00% · institutions 93.62% · other public 0.13%
RESOLUTION 3 - To offer issue and allot, on one or more tranches, to such permanent employees upto 82, 18, 00,000 equity shares of Rs. 10/- each with premium ranking pari passu with the existing equity shares of the BankMoreLess
Special99.94% for0.06% againstAgainst: promoters 0.00% · institutions 4.67% · other public 8.30%
Turnout: all 97.66% · promoters 100.00% · institutions 93.62% · other public 0.13%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 12 May 2021, 1 resolution
Present: 1 promoter and 11 others.
To issue and allot 246,54,23,932 equity shares of face value of Rs.10/- each for cash at an issue price of Rs.16.63 per equity share (including premium of Rs.6.63 per equity share) aggregating to Rs.4100 crore as determined by the Board in accordance with Regulation 164 of SEBI (ICDR) Regulations, 2018 on preferential basis to Government of India (President of India)MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 2.58%
Turnout: all 97.30% · promoters 100.00% · institutions 88.29% · other public 0.02%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 24 Aug 2020, 3 resolutions
Present: 1 promoter and 29 others.
1. Adoption of the audited Balance Sheet of the Bank as at 31st March 2020 and the Profit and Loss Account for the year ended 31st March 2020, together with the Directors' Report and the Auditors' Report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 97.35% · promoters 100.00% · institutions 85.51% · other public 4.11%
- Further Issue of Shares not exceeding 500,00,00,000 equity shares by way of public issue, rights issue, shares to employee, preferential issue and/or private placement/QIPSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 97.35% · promoters 100.00% · institutions 85.51% · other public 4.11%
- Further issue of upto 82,18,00,000 equity shares to Employees under SEBI (Share Based Employee Benefit) Regulation, 2014Special99.97% for0.03% against
Against: promoters 0.00% · institutions 1.82% · other public 0.75%
Turnout: all 97.35% · promoters 100.00% · institutions 85.51% · other public 4.11%
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 7 Jul 2026, 15 fund houses
To discuss, approve and adopt the Audited Standalone and Consolidated Balance Sheet of the Bank as of March 31, 2026, Standalone and Consolidated Profit and Loss account and Cash Flow Statement for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors' Report on the Balance Sheet and Accounts.MoreLess
Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundTransparency concern: No adequate disclosure about Compliant Audit Committee.
- Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundUnqualified financial statements. Compliant with Indian Accounting Standards. Transparency concern: No adequate disclosure about Compliant Audit Committee.
- Motilal Oswal Mutual FundNo adequate disclosure about compliant Audit Committee.
7 for8 againstTo raise equity share capital up to ₹5,000 crores (including share premium, if any), in one or more tranches, by way of Follow-on Public Offer/ Rights Issue/ Qualified Institutional Placements / ESPS / Issue of shares on preferential basis to LIC and other insurance companies / Mutual Funds / QIBs or any other mode or combination thereof during the Financial Year 2026-27MoreLess
Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundNon-disclosure of purchase price and offer period and absolute discretion to board or the committee to ascertain the same.
- Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNo governance concern identified on the proposed fund raising per-se. However, Non-compliant with SEBI (SBEB&SE) Regulations: Non-disclosure of purchase price and offer period and absolute discretion to board or the committee to ascertain the same.
- Motilal Oswal Mutual FundNon-disclosure of purchase price and offer period and absolute discretion to board or the committee.
7 for8 against- Appropriation of accumulated losses as on 31.03.2026 from Share Premium account.15 for0 against
Extension of tenure of Shri Ajay Kumar Srivastava, Managing Director & Chief Executive Officer, as Whole-time Director of the Bank beyond his currently notified term which expired on 31.12.2025, from 01.01.2026 till 08.10.2027.MoreLess
Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundGovernance concern: The Board is non-compliant with the requirement of requisite number of Independent Directors and Woman Independent Director.
- Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with Law. No concern on the merits of director. Governance concern: The Board is non-compliant with the requirement of requisite number of IDs and Woman ID.
- Motilal Oswal Mutual FundThe board is non-compliant with the requirement of minimum number of IDs and Woman ID.
7 for8 against
Mutual fund votes, meeting of 2 Jul 2025, 13 fund houses
The First Agenda is an Ordinary Resolution for Adoption of Audited Balance Sheet of the Bank as of 31st March 2025, the Profit and Loss Account, Cash Flow statement for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and AccountsMoreLess
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual FundTransparency concern: No adequate disclosure about Compliant Audit Committee.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundUnqualified financial statements. Compliant with Indian Accounting Standards. Transparency concern: No adequate disclosure about Compliant Audit Committee
- Nippon India Mutual FundTransparency concern: No adequate disclosure
7 for6 against- The Second Agenda is an Ordinary Resolution seeking shareholder’s approval for the appointment of Ms. Neelam Agrawal as Non-Executive Director (Government Nominee Director) of the Bank.
Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual FundGovernance concern: Delayed Shareholders’ approval.
- Axis Mutual FundMs. Neelam Agrawal is an IRS Officer of 2008 batch and currently serving as Director of Department of Financial Services, Ministry of Finance, GoI. She has more than a decade’s experience of handling various assignments in the Income Tax Department. Prior to joining Indian Revenue Service, she was selected for Jharkhand Administrative Service and served in the State of Jharkhand for a few of years. She holds B.A. (Hons) from Ranchi University. The bank proposed to appoint her as Government Nominee Director from 5 August 2024 with immediate effect and until further orders of the Govt. of India. Since her appointment on board, she has attended 88% (7 out of 8) board meetings. While public sector enterprises are exempt from the requirement of seeking shareholder approval within three months of the appointment date, as a good practice, the bank should have sought approval within three months. We do not support the resolution as IOB’s board composition does not meet the regulatory requirements – it does not comprise one independent woman director. The government must first address the issue of compliance on board composition norms before it seeks to appoint a nominee on IOB’s board. We do not support the resolution.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with Law. No concern on the merits of proposed appointee. Governance concern: Delayed Shareholders’ approval.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding).
- Nippon India Mutual FundDelayed Shareholders’ approval.
5 for8 against - The Third Agenda is a Special Resolution seeking shareholder’s approval for the appointment (Re-nomination) of Shri Deepak Sharma as the Part-Time Non-Official Director of the Bank
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual FundAppointment without serving the cooling off period of three years. Governance concern: Term of appointment is ambiguous.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual FundAppointment not in accordance with law: Appointment without serving the cooling off period of three years. Governance concern: Term of appointment is ambiguous and against spirit of the law.
6 for7 against - The Fourth Agenda is a Special Resolution seeking shareholder’s approval for appointment (Re-nomination) of Shri B. Chandra Reddy as the Part-Time Non-Official Director of the Bank.
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual FundAppointment without serving the cooling off period of three years. Governance concern: Term of appointment is ambiguous.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual FundAppointment not in accordance with law: Appointment without serving the cooling off period of three years. Governance concern: Term of appointment is ambiguous and against spirit of the law.
6 for7 against - The Fifth Agenda is a Special Resolution to seek shareholder’s approval for appointment (Re-nomination) of Shri Suresh Kumar Rungta as the Part-Time Non-Official Director of the Bank.
Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual FundAppointment without serving the cooling off period of three years. Governance concern: Term of appointment is ambiguous.
- Axis Mutual FundSuresh Kumar Rungta, 68, has been actively involved in various social initiatives across the State of Bihar in the capacity of Treasurer and has served as a member of the Advisory Committee of Bihar VAT since 2005. He has authored several books on economics and social issues and holds a master’s degree in commerce with a specialization in Finance. He served as Part-time Non-Official Director on the board of IOB from 21 December 2021 to 20 December 2024 and attended all 11 board meetings (100%) held during his term in FY25. The bank proposed to appoint him for another one year from 11 April 2025 or until further orders of the Govt. of India, whichever is earlier. As per , he is associated with the Bharatiya Janata Party (BJP). While his appointment meets statutory requirements, we believe his political affiliation may unnecessarily politicize the decisions of the corporation and distract the management from its core focus. The bank should have disclosed his political affiliation as part of the notice. We do not support the resolution.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual FundAppointment not in accordance with law: Appointment without serving the cooling off period of three years. Governance concern: Term of appointment is ambiguous and against spirit of the law.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding).
4 for9 against The Sixth Agenda is an Ordinary Resolution to seek shareholder’s approval for Appointment of M/s Srinidhi Sridharan & Associates, Company Secretaries as Secretarial Auditor of the Bank for an audit period of 5 years commencing from FY 2025-26 till FY 2029-30.MoreLess
13 for0 against- The Seventh Agenda is a Special Resolution to raise equity share capital upto Rs.4000 Crore through various options available (i.e. QIP / FPO / Rights Issue / ESPS etc.) during the FY 2025-26.13 for0 against
The eighth Agenda is a Special Resolution to create, grant, offer, issue and allot such number of equity shares of the face value of ₹ 10 each within the aggregate issue size of ₹4,000 crores (including share premium, if any) as per the capital raising plan approved by the Board of the Bank for FY 2025-2026, in one or more tranches, to such permanent employees, whether working in India or outside India under Employees Share Purchase Scheme (IOB-ESPS 2025-26).MoreLess
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual FundPurchase price/ pricing formula not disclosed. No absolute cap on maximum number of options that can be granted per employee.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNon-Compliances: Purchase price/ pricing formula not disclosed as per SEBI SBEB & SE Regulations. No absolute cap on maximum number of options that can be granted per employee.
- Nippon India Mutual FundNon disclosure of Purchase price/ pricing formula as per SEBI SBEB & SE Regulations.
6 for7 against
Mutual fund votes, meeting of 2 Jul 2024, 11 fund houses
9 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
Adoption of Audited Balance Sheet of the Bank as at 31st March 2024, Profit and Loss Account, Cash flow Statement for the year ended 31st March 2024 together with the Directors’ Report and Auditors’ Report thereon.MoreLess
11 for0 against- To seek shareholder’s approval for the appointment of Shri. Srinivasan Sridhar as Part time Non-Official Director as well as Non-Executive Chairman of the Bank.
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. No concern on the merits of proposed appointee. Governance concern: Delayed Shareholders’ approval, Term of appointment is ambiguous and against spirit of the law. Board is non-compliant with respect to requirement of woman ID.
8 for3 against - To seek shareholder’s approval for the appointment of Shri Joydeep Dutta Roy as Executive Director of the Bank
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. No concern on the merits of proposed appointee. Governance concern: Delayed Shareholders’ approval, Board is non-compliant with respect to requirement of woman ID.
8 for3 against - To seek shareholder’s approval for the appointment of Shri Dhanaraj T as Executive Director of the Bank.
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. No concern on the merits of proposed appointee. Governance concern: Delayed Shareholders’ approval, Board is non-compliant with respect to requirement of woman ID.
8 for3 against - To seek shareholder’s approval for the appointment of Shri Kartikeya Misra as Non-Executive Director (Government Nominee Director) of the Bank.
Against Bandhan Mutual Fund, DSP Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. No concern on the merits of proposed appointee. Governance concern: Delayed Shareholders’ approval, Board is non-compliant with respect to requirement of woman ID
- DSP Mutual FundKartikeya Misra, 42, is an officer of Indian Administrative Services (2009 batch). He is a Director in Department of Financial Services, Ministry of Finance, GoI. Prior to this, he was posted in the Ministry of Labour and Employment, Andhra Pradesh as Commissioner. It is unclear whether he will be liable to retire by rotation. However, recent SEBI LODR amendments build in sufficient guardrails and will need the company to seek reappointment for his nomination to the board after a five-year interval. We do not support the resolution as IOB’s board composition is not compliant with regulations – it does not have an independent woman director. We believe the government must first address the regulatory violations of board composition before nominating a director on the board. We further raise concern that the average tenure of the bank’s board is 1.5 years, with most directors being on the board for less than a year: the board must articulate the measures it has undertaken to maintain institutional memory.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
- Nippon India Mutual FundDelay in shareholders’ approval, Board is non-compliant with respect to women ID
5 for6 against - To seek shareholder’s approval for the appointment of Ms. Sonali Sen Gupta as Non-Executive Director (RBI Nominee Director) of the Bank
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. No concern on the merits of proposed appointee. Governance concern: Delayed Shareholders’ approval.
8 for3 against - To raise paid up equity capital of Rs.5000 Crore through various options available (QIP/FPO/Right issues/ESPS etc.)t9 for0 against
2 proposals not matched to one resolution
- 7) Approve issuance of fresh equity capital upto Rs. 50.0 bn.1 for0 against
- Approve issuance of fresh equity capital upto Rs. 50.0 bn1 for0 against
Mutual fund votes, meeting of 7 Jul 2023, 9 fund houses
6 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To discuss, approve and adopt the audited Balance Sheet of the Bank as at 31st March 2023, the Profit and Loss Account for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and AccountsMoreLess
9 for0 against- To seek shareholder’s approval for the appointment of Shri Ajay Kumar Srivastava as Managing Director & CEO of the bank
Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Motilal Oswal Mutual Fund"Non-Compliant with SEBI LODR Regulation: Delay in Shareholder approval. Governance concern: Board is non-compliant with respect to requirement of minimum number of IDs and woman ID."
- Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
7 for2 against - To seek shareholder’s approval for the appointment of Shri Sanjay Vinayak Mudaliar, Executive Director of the bank
Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
- Motilal Oswal Mutual Fund"Appointment compliant with law. Governance concern: Delay in Shareholder approval and the Board is non-compliant with respect to requirement of minimum number of IDs and woman ID."
- Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
7 for2 against - To raise paid up equity capital of Rs.1000 Crore through various options available (QIP/FPO/Right issues/ESPS etc.)7 for0 against
2 proposals not matched to one resolution
- 4) Approve issuance of fresh equity capital upto Rs. 10.0 bn.1 for0 against
- Approve issuance of fresh equity capital upto Rs. 10.0 bn1 for0 against
Mutual fund votes, meeting of 15 Jul 2022, 6 fund houses
8 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- RESOLUTION 1 - To Discuss, approve and adopt the Audited Balance sheet of the Bank as at 31st March, 2022, the Profit and Loss account for the year ended on that date6 for0 against
7 proposals not matched to one resolution
- Approve Indian Overseas Bank- Employee Stock Purchase Scheme (IOB-ESPS 2022-23) under which shares worth Rs. 2.0 bn will be granted1 for0 against
- Approve issuance of fresh equity capital up to Rs. 10.0 bn1 for0 against
To Authorize Board of Directors to create, offer, issue and allot (including with provision for reservation on firm allotment and/or competitive basis of such part of issue and for such categories of persons as may be permitted by the law then applicable) by way of an offer document/prospectus or such other document, in India or abroad, such number of equity/preference shares (cumulative / non-cumulative) / securities (in accordance with the guidelines framed by RBI from time to time, specifying the class of preference shares , the extent of issue of each class of such redeemable preference shares and the terms & conditions subject to which each class of preference shares may be issued) of the face value of Rs.10 each and in any case not exceeding Rs.1000 crores as on date which together with the existing Paid-up Equity share capital shall be within the total authorized capital of the BankMoreLess
1 for0 againstTo Authorize Board of Directors to grant, offer, issue and allot, in one or more tranches, to such permanent employees, whether working in India or outside India, which expression shall include the Managing Director & Chief Executive Officer and Executive Director(s) of the Bank (“The Employees”), as may be decided by the Board, amounting to Rs.200 crores with face value of Rs. 10/- (Rupees Ten only) each with appropriate premium, ranking pari-passu with the existing equity shares of the Bank for all purpose and in all respects,including payment of dividend, as may be decided by the Board under an Employee Stock Purchase Scheme), at such price or prices, and on such terms and conditions as may be decided by the Board in its absolute discretion in such a way that the Central Government of India shall at all times hold not less than 51% of the paid-up Equity capital of the BankMoreLess
1 for0 againstTo create, offer, issue and allot (including with provision for reservation on firm allotment and/or competitive basis of such part of issue and for such categories of persons as may be permitted by the law then applicable) by way of an offer document/prospectus or such other document, in India or abroad, such number of equity/preference shares (cumulative / non-cumulative) / securities (in accordance with the guidelines framed by RBI from time to time, specifying the class of preference shares , the extent of issue of each class of such redeemable preference shares and the terms & conditions subject to which each class of preference shares may be issued) of the face value of Rs.10 each and in any case not exceeding Rs.1000 crores as on date which together with the existing Paid-up Equity share capital shall be within the total authorized capital of the Bank.MoreLess
4 for0 againstTo grant equity shares to all permanent employees of the Bank including Managing Director & Chief Executive Officer, Executive Directors of the Bank (“Eligible Employees”) as may be decided by the Board, amounting to Rs.200 crores with face value of Rs. 10/- (Rupees Ten only) each on such terms and conditions as stated under IOB-ESPS 2022-23.MoreLess
Against Kotak Mahindra Mutual Fund
- Kotak Mahindra Mutual FundNot transparent on the exercise price/ purchase price. Authorizing a Committee to determine the purchase price and the pricing formula. Not complaint with Regulation 6(2) of SEBI.
1 for1 againstTo grant, offer, issue and allot, in one or more tranches, to such permanent employees, whether working in India or outside India, which expression shall include the Managing Director & Chief Executive Officer and Executive Director(s) of the Bank (“The Employees”), as may be decided by the Board, amounting to Rs.200 crores with face value of Rs. 10/- (Rupees Ten only) each with appropriate premium, ranking pari-passu with the existing equity shares of the Bank for all purpose and in all respects, including payment of dividend, as may be decided by the Board under an Employee Stock Purchase Scheme), at such price or prices, and on such terms and conditions as may be decided by the Board in its absolute discretion in such a way that the Central Government of India shall at all times hold not less than 51% of the paid-up Equity capital of the Bank.”MoreLess
Against Nippon India Mutual Fund
- Nippon India Mutual FundInadequate disclosure
1 for1 against
Mutual fund votes, meeting of 7 Aug 2021, 3 fund houses
6 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- RESOLUTION 1 - To Discuss, approve and adopt the Audited Balance sheet of the Bank as at 31st March, 2021, the Profit and Loss account for the year ended on that date3 for0 against
RESOLUTION 2 - To create, offer, issue and allot by way of offer document/prospectus, such number of equity/preference shares (cumulative/Non-Cumulative shares) securities of face value Rs. 10/- each and not to exceed 1,25,00,00,000 equity shares as on date which together with the existing Paid up capital shall be within the total authorised capital of the Bank, being the Ceiling in the Authorised Capital of the Bank as per Section 3 (2A) of the ActMoreLess
1 for0 againstRESOLUTION 3 - To offer issue and allot, on one or more tranches, to such permanent employees upto 82, 18, 00,000 equity shares of Rs. 10/- each with premium ranking pari passu with the existing equity shares of the BankMoreLess
1 for0 against
3 proposals not matched to one resolution
- To consider further issue of shares to Employees1 for0 against
To consider further issue of shares to Employees. The Board to grant, offer, issue and allot, in one or more tranches, to such permanent employees,whether working in India or outside India, which expression shall include the Managing Director & Chief Executive Officer and Executive Director(s) of the BankMoreLess
Against Nippon India Mutual Fund
- Nippon India Mutual FundInsufficient Information
0 for1 against- To issue further shares2 for0 against
Mutual fund votes, meeting of 12 May 2021, 3 fund houses
1 proposal
To issue and allot 246,54,23,932 equity shares of face value of Rs.10/- each for cash at an issue price of Rs.16.63 per equity share (including premium of Rs.6.63 per equity share) aggregating to Rs.4100 crore as determined by the Board in accordance with Regulation 164 of SEBI (ICDR) Regulations, 2018 on preferential basis to Government of India (President of India)MoreLess
2 for0 against1 abstained
Mutual fund votes, meeting of 3 Dec 2020, 2 fund houses
2 proposals
- To elect one Director from amongst the shareholders of the Bank (other than the Central Government)0 for0 against
1 abstained
To elect one Director from amongst the shareholders of the Bank (other than the Central Government) in terms of Section 9(3)(i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 as the Director of the Bank to assume office from 8th December 2020 and shall hold office until the completion of a period of three years from the date of such assumption of office as DirectorMoreLess
0 for0 against1 abstained
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyRBISince 10 Jul 2026
Monetary penalty to the tune of Rs 30000
Any Other Deficiency Observed - Fine or penaltyRBISince 10 Jul 2026
Monetary penalty to the tune of Rs 5000
Non-Conduct Of Surprise Verification - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 450
CC Remittance Shortage - Fine or penaltyRBISince 22 Jul 2026
Monetary penalty to the tune of Rs 500
CC Remittance Shortage - Fine or penaltyRBISince 17 Sep 2026
Monetary penalty to the tune of Rs 50
Mutilated In Cc Remittance - Fine or penaltyRBISince 17 Sep 2026
Monetary penalty to the tune of Rs 200
Cc Remittance Shortage - Fine or penaltyRBISince 8 Jul 2026
Monetary penalty to the tune of Rs 50
Mutilated In Cc Remittance - Fine or penaltyRBISince 8 Jul 2026
Monetary penalty to the tune of Rs 19500
Cc Remittance Shortage
86 more
- Fine or penaltyRBISince 27 Aug 2026
Monetary penalty to the tune of Rs 24000
Cc Remittance Shortage - Fine or penaltyRBISince 27 Aug 2026
Monetary penalty to the tune of Rs 500
Counterfeit In Cc Remittance - Fine or penaltyRBISince 27 Aug 2026
Monetary penalty to the tune of Rs 150
Mutilated In Cc Remittance - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 500
Cc Remittance Shortage - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 700
Counterfeit In Cc Remittance - Fine or penaltyRBISince 9 Sep 2026
Monetary penalty to the tune of Rs 200
Cc Remittance Shortage - Fine or penaltyRBISince 9 Sep 2026
Monetary penalty to the tune of Rs 900
Counterfeit In Cc Remittance - Fine or penaltyRBISince 9 Sep 2026
Monetary penalty to the tune of Rs 350
Mutilated In Cc Remittance - Fine or penaltyRBISince 27 Jul 2026
Monetary penalty to the tune of Rs 150
Mutilated In Cc Remittance Penalty - Fine or penaltyRBISince 27 Jul 2026
Monetary penalty to the tune of Rs 4000
Cc Remittance Shortage - Fine or penaltyRBISince 4 Sep 2026
Monetary penalty to the tune of Rs 15500
Cc Remittance Shortage - Fine or penaltyRBISince 8 Jul 2026
Monetary penalty to the tune of Rs 1800
Cc Remittance Shortage - Fine or penaltyRBISince 8 Jul 2026
Monetary penalty to the tune of Rs 200
Counterfeit In Cc Remittance - Fine or penaltyRBISince 8 Jul 2026
Monetary penalty to the tune of Rs 100
Mutilated In Cc Remittance - Fine or penaltyRBISince 8 Jul 2026
Monetary penalty to the tune of Rs 150
Cc Remittance Shortage - Fine or penaltyRBISince 8 Jul 2026
Monetary penalty to the tune of Rs 50
Mutilated In Cc Remittance - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 10000
Non-Conduct Of Surprise Verification - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 20000
Any Other Deficiency Observed - Fine or penaltyRBISince 9 Sep 2026
Monetary penalty to the tune of Rs 50
Cc Remittance Shortage - Fine or penaltyRBISince 18 Aug 2026
Monetary penalty to the tune of Rs 10000
Violation Of Any Terms Of Agreement - Fine or penaltyRBISince 8 Sep 2026
Monetary penalty to the tune of Rs 150
Mutilated In Cc Remittance - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 50
Mutilated In Cc Remittance - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 100
Counterfeit In Cc Remittance - Fine or penaltyRBISince 26 Aug 2026
Monetary penalty to the tune of Rs 650
Mutilated In Cc Remittance - Fine or penaltyRBISince 15 Sep 2026
Monetary penalty to the tune of Rs 150
Mutilated In Cc Remittance - Fine or penaltyRBISince 6 Aug 2026
Monetary penalty to the tune of Rs 1500
Cc Remittance Shortage - Fine or penaltyRBISince 8 Jul 2026
Monetary penalty to the tune of Rs 100
Counterfeit In Cc Remittance - Fine or penaltyRBISince 8 Jul 2026
Monetary penalty to the tune of Rs 150
Mutilated In Cc Remittance - Fine or penaltyRBISince 18 Sep 2026
Monetary penalty to the tune of Rs 5000
CCTV Related Penalties - Fine or penaltyRBISince 18 Sep 2026
Monetary penalty to the tune of Rs 3250
Mutilated Notes In CC Balance - Fine or penaltyRBISince 18 Sep 2026
Monetary penalty to the tune of Rs 25000
Any Other Deficiency Observed - Fine or penaltyRBISince 8 Jul 2026
Monetary penalty to the tune of Rs 500
CC Remittance Shortage - Fine or penaltyRBISince 8 Jul 2026
Monetary penalty to the tune of Rs 400
Mutilated In CC Remittance - Fine or penaltyRBISince 27 Aug 2026
Monetary penalty to the tune of Rs 50
Cc Remittance Shortage - Fine or penaltyRBISince 31 Aug 2026
Monetary penalty to the tune of Rs 50000
Delayed Reporting By CC - Fine or penaltyRBISince 30 Sep 2026
Monetary penalty to the tune of Rs 5000
Non-Conduct Of Surprise Verification - Fine or penaltyRBISince 30 Sep 2026
Monetary penalty to the tune of Rs 10000
Any Other Deficiency Observed - Fine or penaltyRBISince 8 Jul 2026
Monetary penalty to the tune of Rs 21000
CC Remittance Shortage - Fine or penaltyRBISince 8 Jul 2026
Monetary penalty to the tune of Rs 200
Counterfeit In CC Remittance Penalty - Fine or penaltyRBISince 8 Jul 2026
Monetary penalty to the tune of Rs 550
Mutilated In CC Remittance Penalty - Fine or penaltyRBISince 27 Aug 2026
Monetary penalty to the tune of Rs 50
CC Remittance Shortage Penalty - Fine or penaltyRBISince 27 Aug 2026
Monetary penalty to the tune of Rs 300
Counterfeit In CC Remittance - Fine or penaltyRBISince 27 Aug 2026
Monetary penalty to the tune of Rs 150
Mutilated In CC Remittance - Fine or penaltyRBISince 22 Jul 2026
Monetary penalty to the tune of Rs 15950
Penalty - Miscellaneous - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 50
Mutilated In CC Remittance - Fine or penaltyRBISince 27 Aug 2026
Monetary penalty to the tune of Rs 50
Mutilated In CC Remittance Penalty - Fine or penaltyRBISince 31 Jul 2026
Monetary penalty to the tune of Rs 1400
CC Remittance Shortage Penalty - Fine or penaltyRBISince 31 Jul 2026
Monetary penalty to the tune of Rs 400
Mutilated In CC Remittance - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 200
CC Remittance Shortage - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 200
Counterfeit In CC Remittance - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 250
Mutilated In CC Remittance - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 500
CC Remittance Shortage - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 50
Mutilated In CC Remittance - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 250
CC Remittance Shortage - Fine or penaltyRBISince 23 Jul 2026
Monetary penalty to the tune of Rs 25
Counterfeit In CC Remittance Penalty - Fine or penaltyRBISince 23 Jul 2026
Monetary penalty to the tune of Rs 5600
Mutilated In CC Remittance - Fine or penaltyRBISince 8 Sep 2026
Monetary penalty to the tune of Rs 10000
Incognito Penalty - Fine or penaltyRBISince 10 Aug 2026
Monetary penalty to the tune of Rs 10000
Incognito Penalty - Fine or penaltyRBISince 3 Jul 2026
Monetary penalty to the tune of Rs 10000
Penalty On Note Exch Facility - Fine or penaltyRBISince 8 Sep 2026
Monetary penalty to the tune of Rs 10000
Incognito Penalty - Fine or penaltyRBISince 14 Jul 2026
Monetary penalty to the tune of Rs 10000
Incog penalty IOB Giridih - Fine or penaltyRBISince 13 Aug 2026
Monetary penalty to the tune of Rs 10000
Incognito visit penalty - Tax disputeGST Department, Tamil NaduSince 28 Apr 2023Pending before High Court of Madras.
- Tax disputeGST Department, Tamil NaduSince 19 Jun 2023Pending before High Court of Madras.
- Tax disputeGST Department, MaharashtraSince 15 Mar 2024The amount is below the materiality threshold of the Bank. The appeal order for Rs. 351123/- was received and payment was done on 19.09.2026. The case is closed.At the filing before: Pending before GST Department of State of Maharashtra. The amount is below the materiality threshold of the Bank.
- Tax disputeIncome Tax DepartmentSince 29 Nov 2021Pending before High Court of Madras.
- Tax disputeIncome Tax DepartmentSince 13 Feb 2015Pending before High Court of Madras.
- Tax disputeIncome Tax DepartmentSince 25 May 2013Pending before High Court of Madras.
- Tax disputeIncome Tax DepartmentSince 25 May 2013Pending before High Court of Madras.
- Tax disputeIncome Tax DepartmentSince 15 Jul 2013Pending before High Court of Madras.
- Tax disputeIncome Tax DepartmentSince 16 Oct 2024Pending before High Court of Madras.
- Tax disputeIncome Tax DepartmentSince 16 Oct 2014Pending before High Court of Madras.
- Tax disputeIncome Tax DepartmentSince 2 Dec 2019Pending before High Court of Madras.
- Tax disputeIncome Tax DepartmentSince 15 Mar 2016Pending before High Court of Madras.
- Tax disputeIncome Tax DepartmentSince 27 Nov 2019Pending before High Court of Madras.
- Tax disputeIncome Tax DepartmentSince 11 Nov 2019Pending before High Court of Madras.
- Tax disputeIncome Tax DepartmentSince 23 Oct 2020Pending before High Court of Madras.
- Tax disputeIncome Tax DepartmentSince 17 Mar 2020Pending before CIT(A).
- Tax disputeIncome Tax DepartmentSince 19 Apr 2022Pending before CIT(A).
- Tax disputeIncome Tax DepartmentSince 4 Jan 2020Pending before CIT(A).
- Tax disputeIncome Tax DepartmentSince 29 Mar 2019Pending before CIT(A).
- Tax disputeIncome Tax DepartmentSince 19 Nov 2022Pending before CIT(A).
- Tax disputeIncome Tax DepartmentSince 9 Mar 2025Pending before CIT(A). Next hearing date not notified.
- Tax disputeGST Department, State of Tamil NaduSince 30 Apr 2025Pending before High Court of Madras. Next hearing date not notified
- Tax disputeIncome Tax DepartmentSince 17 Mar 2026Pending before High Court of Madras. Next hearing date not notified
- Tax disputeIncome Tax DepartmentSince 24 Mar 2026Pending before High Court of Madras. Next hearing date not notified
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- No
- The board has a regular chairperson
- 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.
How money raised was used
Reported for the quarter to Sep 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| OthersSep 2026 | 0.00 | – | – | No |