Key Resolutions and Financial Details

Item 1: Remuneration for Mr. R. Subramaniakumar (MD & CEO)

  • Variable Pay for FY 2025-26: ₹6,38,00,000 (Rupees Six Crore Thirty-Eight Lakh)
  • 50% Cash Variable Pay: ₹3,19,00,000
  • 50% Non-Cash Variable Pay (Share-linked instruments): ₹3,19,00,000
  • Deferral Schedule: 50% upfront payment, balance in 3 equal installments over 3 years
  • Fixed Pay Revision w.e.f. April 1, 2026: ₹3,79,00,000 per annum (inclusive of perquisites)
  • Salary: ₹1,86,04,514
  • Retiral benefits: ₹28,75,578
  • Leave Fare Concession: ₹20,93,358
  • Personal Allowance: ₹25,00,000
  • House Rent Allowance: ₹1,11,62,708
  • Club Memberships: ₹5,00,000
  • Other perquisites: ₹1,63,842

Item 2: Remuneration for Mr. Jaideep Iyer (Executive Director)

  • Pro-rated Variable Pay for FY 2025-26 (Feb 21-Mar 31, 2026): ₹29,00,000
  • 50% Cash Variable Pay: ₹14,50,000
  • 50% Non-Cash Variable Pay: ₹14,50,000
  • Deferral Schedule: 50% upfront payment, balance in 3 equal installments over 3 years
  • Fixed Pay Revision w.e.f. April 1, 2026: ₹3,01,00,000 per annum (inclusive of perquisites)
  • Salary: ₹1,34,18,198
  • Retiral benefits: ₹20,83,435
  • Leave Fare Concession: ₹32,69,246
  • Car Allowance: ₹5,08,548
  • Car Related Expenses: ₹12,00,000
  • Personal Allowance: ₹14,91,452
  • House Rent Allowance: ₹80,50,919
  • Club Memberships: ₹14,160
  • Insurance Premium: ₹64,042

Item 3: Variable Pay for Mr. Rajeev Ahuja (Retired Executive Director)

  • Pro-rated Cash Variable Pay for FY 2025-26 (Apr 1, 2025-Feb 20, 2026): ₹2,69,00,000
  • Deferral Schedule: 50% upfront payment, balance in 3 equal installments over 3 years

Regulatory Approvals and Basis

  • All remuneration proposals received RBI approval vide letter dated October 16, 2026
  • Based on recommendations of Nomination and Remuneration Committee and Board approvals
  • Compliant with RBI (Commercial Banks - Governance) Directions, 2025
  • Performance assessed against goal sheet parameters under five themes: risk compliance, shareholder value, customer focus, employee pillar, and community cause

Voting Details

  • Cut-off date for eligibility: October 23, 2026
  • Remote e-voting period: October 28, 2026 (10:00 AM IST) to November 26, 2026 (5:00 PM IST)
  • Voting service provider: Central Depository Services (India) Limited (CDSL)
  • Scrutinizer: Mr. S N Viswanathan, Practicing Company Secretary (FCS: 13685)
  • Results announcement: Within 2 working days after voting conclusion

Shareholding of Directors (as on September 30, 2026)

  • Mr. R. Subramaniakumar: 56,600 equity shares
  • Mr. Jaideep Iyer: 5,30,348 equity shares
  • Mr. Rajeev Ahuja: 37,76,127 equity shares

Additional Information

  • The Bank's Remuneration Policy includes malus and clawback provisions for variable pay
  • In case of absence or inadequacy of profits, approved remuneration shall be minimum remuneration
  • All resolutions are Ordinary Resolutions requiring simple majority
  • Documents available for inspection until November 26, 2026 via email request