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MAHINDRA BANK LIMITED2024-04-012025-03-31Yearly2025-03-31EquitytruetruetruetruefalseNot applicablefalseNot applicabletrueTop 100 listed entitiestrueKotakMOriginaltruefalseMrC S Rajan00126063Non-Executive - Independent DirectorChairperson1955-12-03falseActiveNA2022-10-222022-10-2229.11121MrAshok VaswaniADLPV6186G10227550Executive DirectorNot ApplicableCEO-MD1960-12-01falseActiveNA2024-01-011010MsShanti Ekambaram00004889Executive DirectorNot Applicable1962-09-14falseActiveNA2022-11-011030MrJaideep HansrajAAQPH1835G02234625Executive DirectorNot Applicable1965-07-14falseActiveNA2025-02-111020MrUday Kotak00007467Non-Executive - Non Independent DirectorNot Applicable1959-03-15falseActiveNA1985-11-211000MrAmit DesaiAAQPD1916Q00310510Non-Executive - Non Independent DirectorNot Applicable1959-05-08falseActiveNA2022-03-181000MrUday Shankar01755963Non-Executive - Independent DirectorNot Applicable1961-09-16falseActiveNA2019-03-162024-03-1672.162200MrAshok GulatiAAHPG2183P07062601Non-Executive - 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remuneration committee01755963Uday ShankarNon-Executive - Independent DirectorChairperson2021-08-10Nomination and remuneration committee00126063C S RajanNon-Executive - Independent DirectorMember2024-01-01Nomination and remuneration committee00007467Uday KotakNon-Executive - Non Independent DirectorMember2024-05-01Stakeholders Relationship Committee00126063C S RajanNon-Executive - Independent DirectorChairperson2024-09-16Stakeholders Relationship Committee00494515Ashu SuyashNon-Executive - Independent DirectorMember2022-09-07Stakeholders Relationship Committee10227550Ashok VaswaniExecutive DirectorMember2024-01-01Stakeholders Relationship Committee00004889Shanti EkambaramExecutive DirectorMember2024-05-01Risk Management Committee07062601Ashok GulatiNon-Executive - Independent DirectorChairperson2021-08-10Risk Management Committee00007467Uday KotakNon-Executive - Non Independent DirectorMember2023-02-26Risk Management Committee00494515Ashu SuyashNon-Executive - Independent 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OfficerYeswww.kotak.comYeshttps://www.kotak.com/content/dam/Kotak/investor-relation/governance/Policies/memorandum-and-articles-of-association.pdfYeshttps://www.kotak.com/en/investor-relations/governance/board-of-directors.htmlYeshttps://www.kotak.com/content/dam/Kotak/investor-relation/governance/Policies/letter_of_appointment_independent_director.pdfYeshttps://www.kotak.com/en/investor-relations/governance/bank-committees.htmlYeshttps://www.kotak.com/content/dam/Kotak/investor-relation/governance/Policies/code_of_conduct_directors.pdf https://www.kotak.com/content/dam/Kotak/investor-relation/governance/Policies/code_of_conduct_employee-2972021.pdfYeshttps://www.kotak.com/content/dam/Kotak/investor-relation/governance/Policies/whistle_blower_policy.pdfYeshttps://www.kotak.com/content/dam/Kotak/investor-relation/governance/Policies/compensation-policy-non-executive-directors.pdfYeshttps://www.kotak.com/content/dam/Kotak/investor-relation/governance/Policies/dealing_with_related_party_transactions.pdfYeshttps://www.kotak.com/content/dam/Kotak/investor-relation/governance/Policies/material_subsidiaries_policy.pdfYeshttps://www.kotak.com/en/investor-relations/governance/familiarisation-programme.htmlYeshttps://www.kotak.com/en/investor-relations.htmlYeshttps://www.kotak.com/en/investor-relations.htmlYeshttps://www.kotak.com/en/investor-relations/financial-results.html?source=websiteYeshttps://www.kotak.com/en/investor-relations/investor-information.htmlNAYeshttps://www.kotak.com/en/investor-relations/governance/sebi-listing-disclosures.htmlYeshttps://www.kotak.com/en/investor-relations/financial-results.html?source=websiteNAYeshttps://www.kotak.com/en/investor-relations/governance/sebi-listing-disclosures.htmlYeshttps://www.kotak.com/en/about-us/credit-rating.htmlYeshttps://www.kotak.com/en/investor-relations/financial-results/annual-reports.html?source=websiteYeshttps://www.kotak.com/en/investor-relations/governance/sebi-listing-disclosures.htmlYeshttps://www.kotak.com/content/dam/Kotak/investor-relation/governance/Policies/policy-for-determination-of-materiality-of-events-or-information.pdfYeshttps://www.kotak.com/en/investor-relations/governance/sebi-listing-disclosures.htmlYeshttps://www.kotak.com/en/investor-relations/governance/sebi-listing-disclosures.htmlYeshttps://www.kotak.com/en/investor-relations/governance/sebi-listing-disclosures.htmlYeshttps://www.kotak.com/content/dam/Kotak/investor-relation/governance/Policies/kmbl-dividend-distribution-policy-april-18.pdfYeshttps://www.kotak.com/en/investor-relations/financial-results/annual-reports.html?source=websiteYeshttps://www.kotak.com/content/dam/Kotak/investor-relation/governance/Policies/ESOP_Scheme_2023.pdf https://www.kotak.com/content/dam/Kotak/investor-relation/governance/Policies/PRSU_Scheme_2025.pdfYeshttps://www.kotak.com/en/investor-relations.htmlYeshttps://www.kotak.com/en/investor-relations.htmlYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNAYesYesYesYesYesYesYesYesYesYesYesYesAvan DoomasiaCompany Secretary and Compliance OfficerYesAvan DoomasiaCompany Secretary and Compliance OfficerfalseAvan DoomasiaCompany Secretary and Compliance OfficerMumbai2025-04-290121200Bima Sugam India Federation2025-03-2100.020.02Assistant Commissioner, PunjabThe Bank received an order dated February 05, 2025 from the office of the Assistant Commissioner, Mohali-ward, no.6, Mahali Ropar, Punjab levying an amount of Rs.10,49,063/- towards Goods and Services Tax (“GST”) and the interest of Rs.8,11,717/- under Section 50 of the Punjab Goods and Services Tax Act, 2017 (‘PGST Act’) and the Central Goods and Services Act, 2017 (“CGST Act”), respectively, and a consequential non-discretionary penalty amounting to Rs.1,04,906/- under Section 73 of the CGST Act read and corresponding provision of PGST Act, 2017.2025-02-05The demand has arisen on account of disallowance of input tax credit and alleged non-payment of GST under reverse charge in certain instances during the financial year 2020-21.The impact of the order is limited to the amount of levy under the order.Office of Deputy Commissioner, UttarakhandThe Bank has received an order dated January 13, 2025 from the office of the Deputy Commissioner, Uttarakhand, levying an amount of Rs. 46,15,408/- towards Goods and Services Tax (“GST”) and the interest of Rs.36,00,020/- under Section 50 of the Uttarakhand Goods and Services Tax Act, 2017 (‘UTGST Act’) and the Central Goods and Services Act, 2017 (“CGST Act”), respectively, and a consequential non-discretionary penalty amounting to Rs.4,61,536/- under Section 73 of the CGST Act read with section 122 of the CGST Act,2017 and corresponding provision of UTGST Act,2017.2025-01-13The above demand has arisen on account of disallowance of input tax credit for the financial year 2020-21.The impact of the order is limited to the amount of levy under the order.Office of Deputy Commissioner of State Tax, Kalbadevi-501, Mazgaon, MaharashtraThe Bank has received an order dated February 13, 2025 from the office of the Deputy Commissioner of State Tax, Kalbadevi-501, Mazgaon, Maharashtra, levying an amount of Rs.33,55,153/- towards Goods and Services Tax (“GST”) and the interest of Rs.30,43,688/- under Section 50 of the Maharashtra Goods and Services Tax Act, 2017 (‘MGST Act’) and the Central Goods and Services Act, 2017 (“CGST Act”), respectively, and a consequential non-discretionary penalty amounting to Rs.3,36,756/- under Section 73 of the CGST Act read with section 122 of the CGST Act,2017 and corresponding provision of MGST Act,2017.2025-02-13The demand has arisen on account of disallowance of input tax credit and alleged non-payment of GST under reverse charge in certain instances during the financial year 2020-21.The impact of the order is limited to the amount of levy under the order.Office of Assistant Commissioner, Rewari division, HaryanaThe Bank has received an order dated January 24, 2025 from the office of the Assistant Commissioner, Rewari division, Haryana, levying an amount of Rs.2,440/- towards penalty amounting to Rs. 2,440/- for the period Financial Year 2017-18 to 2023-24 under Section 74 of the Central Goods and Services Tax Act, 2017 (‘CGST Act, 2017) read with section 122 of the CGST Act, 2017 and corresponding provision of Haryana Goods and Services Tax Act, 2017 (‘HGST Act,2017’).2025-02-07The demand has arisen on account of discrepancies in issuance of invoices in few instances during Financial Years from 2017-18 to 2023-24.The impact of the order is limited to the amount of levy under the order.Office of the Deputy Commissioner of State Tax, MaharashtraThe Bank received an order dated February 24, 2025 from the office of the Deputy Commissioner of State Tax, Chembur_505, Chembur, Mumbai_North, Mazgaon, Maharashtra, levying an amount of Rs.21,16,158/- towards Goods and Services Tax (“GST”) and the interest of Rs.35,51,061/- under Section 50 of the Maharashtra Goods and Services Tax Act, 2017 (‘MGST Act’) and the Central Goods and Services Act, 2017 (“CGST Act”), respectively, and a consequential non-discretionary penalty amounting to Rs.2,11,617/- under Section 73 of the CGST Act read with section 122 of the CGST Act,2017 and corresponding provision of MGST Act,2017.2025-02-24The demand has arisen on account of disallowance of input tax credit and interest as per GST Law during the financial year 2020-21The impact of the order is limited to the amount of levy under the order.