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MAHINDRA BANK LIMITED2025-04-012026-03-31Quarterly2025-12-31EquitytruetruefalseNil ReportingtruefalseNil ReportingtrueTop 100 listed entitiestrueKotakMOriginaltruefalseMrC S Rajan******00126063Non-Executive - Independent DirectorChairperson1955-12-03falseActiveNA2022-10-222022-10-2238.11121MrAshok Vaswani******10227550Executive DirectorNot ApplicableCEO-MD1960-12-01falseActiveNA2024-01-011010MrJaideep Hansraj******02234625Executive DirectorNot Applicable1965-07-14falseActiveNA2025-02-111040MrParitosh Kashyap******07656300Executive DirectorNot Applicable1968-10-05falseActiveNA2025-09-011031MrUday Kotak******00007467Non-Executive - Non Independent DirectorNot Applicable1959-03-15falseActiveNA1985-11-211000MrAmit Desai******00310510Non-Executive - Non Independent DirectorNot Applicable1959-05-08falseActiveNA2022-03-181010MrUday Shankar******01755963Non-Executive - Independent DirectorNot Applicable1961-09-16falseActiveNA2019-03-162024-03-1681.162200MrAshok Gulati******07062601Non-Executive - Independent DirectorNot Applicable1954-05-11falseActiveNA2021-03-062021-03-0657.262210MsAshu Suyash******00494515Non-Executive - Independent DirectorNot Applicable1967-02-02falseActiveNA2022-01-242022-01-2447.083342MrCornelis Petrus Adrianus Joseph Leenaars******10438792Non-Executive - Independent DirectorNot Applicable1961-03-20falseActiveNA2024-01-012024-01-01241110MsKetaki Bhagwati******07367868Non-Executive - Independent DirectorNot Applicable1964-01-26falseActiveNA2024-05-182024-05-1819.141110MsShanti Ekambaram******00004889Executive DirectorNot Applicable1962-09-14falseActiveNA2022-11-012025-11-010000Tenure CompletiontruetruetruetruetrueAudit Committee00494515Ashu SuyashNon-Executive - Independent DirectorChairperson2022-01-25Audit Committee07062601Ashok GulatiNon-Executive - Independent DirectorMember2021-03-15Audit Committee07367868Ketaki BhagwatiNon-Executive - Independent DirectorMember2024-05-18Audit Committee10438792Cornelis Petrus Adrianus Joseph LeenaarsNon-Executive - Independent DirectorMember2024-10-19Nomination and 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 Committee02234625Jaideep HansrajExecutive DirectorMember2025-09-27Stakeholders Relationship Committee00310510Amit DesaiNon-Executive - Non Independent DirectorMember2025-04-01Stakeholders Relationship Committee00004889Shanti EkambaramExecutive DirectorMember2024-05-012025-11-01Risk Management Committee07062601Ashok GulatiNon-Executive - Independent DirectorChairperson2021-08-10Risk Management Committee00007467Uday KotakNon-Executive - Non Independent DirectorMember2023-02-26Risk Management Committee00494515Ashu SuyashNon-Executive - Independent DirectorMember2022-03-18Risk Management Committee00126063C S RajanNon-Executive - Independent DirectorMember2022-10-22Risk Management Committee10438792Cornelis Petrus Adrianus Joseph LeenaarsNon-Executive - Independent DirectorMember2024-01-01Corporate Social Responsibility Committee00126063C S RajanNon-Executive - Independent DirectorChairperson2022-10-22Corporate Social Responsibility Committee07062601Ashok GulatiNon-Executive - Independent DirectorMember2024-01-01Corporate Social Responsibility Committee02234625Jaideep HansrajExecutive DirectorMember2025-09-27Corporate Social Responsibility Committee00310510Amit DesaiNon-Executive - Non Independent DirectorMember2025-04-01Corporate Social Responsibility Committee00004889Shanti EkambaramExecutive DirectorMember2024-05-012025-11-012025-07-26true111162025-09-2762true121262025-10-2527true121152025-11-2126true111052025-12-1220true111052025-12-207true11116Audit Committee2025-07-25true4440Audit Committee2025-08-2934true4440Audit Committee2025-10-2455true4440Audit Committee2025-11-2834true4330Corporate Social Responsibility Committee2025-08-02true5520Corporate Social Responsibility Committee2025-10-1371true5520Risk Management Committee2025-08-29true5540Risk Management Committee2025-11-2890true5440Nomination and remuneration committee2025-07-25true3320Nomination and remuneration committee2025-09-2763true3320Nomination and remuneration committee2025-12-0669true3320Stakeholders Relationship Committee2025-09-15true5420truetruetruetrueYestruetruetrueAvan DoomasiaCompany Secretary and Compliance OfficerfalseAvan DoomasiaCompany Secretary and Compliance OfficerMumbai2026-01-22713182-5Deputy Commissioner of State Tax, Mazgaon MaharashtraThe Bank has, on November 24, 2025, received an order dated November 24, 2025 from the office of the Deputy Commission of State Tax, Kalbadevi_501, Fort, Mumbai_South, Mazgaon, Maharashtra, levying an amount of Rs.24,36,070/- towards Goods and Services Tax (“GST”) and the interest of Rs.19,81,024/- 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.2,43,606/- under Section 73 of the CGST Act read with section 122 of the CGST Act,2017 and corresponding provision of MGST Act,20172025-11-24The demand has arisen on account of disallowance of input tax credit availed during the financial year 2021-22.The impact of the order would be limited to the amount of levy payable by the Bank under the aforesaid order.Deputy Commissioner of State Tax, Mazgaon MaharashtraThe Bank has, on December 24, 2025, received an order dated December 24, 2025 from the office of the Deputy Commissioner of State Tax, Mazgaon Maharashtra, levying an amount of Rs.72,56,706/- towards Goods and Services Tax (“GST”) and interest of Rs.87,45,117/- 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.8,23,121/- under Section 73 of the CGST Act read with section 122 of the CGST Act,2017 and corresponding provision of MGST Act,20172025-12-24The demand has arisen on account of disallowance of input tax credit and interest as per GST Law during the financial year 2021-22.The impact of the order would be limited to the amount of levy payable by the Bank under the aforesaid order.The Assistant Commission of State Tax, Ropar, Mohali, PunjabThe Bank has, on November 26, 2025, received an order dated November 26, 2025 from the office of the Assistant Commission of State Tax, Ropar, Mohali, Punjab levying an amount of Rs.2,08,812/- towards Goods and Services Tax (“GST”) and the interest of Rs.1,54,018/- 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.40,000/- under Section 73 of the CGST Act read with section 122 of the CGST Act,2017 and corresponding provision of PGST Act,2017.2025-11-26The demand has arisen on account of disallowance of input tax credit availed during the financial year 2021-22.The impact of the order would be limited to the amount of levy payable by the Bank under the aforesaid order.The Commissioner (Appeals), OdishaThe Bank has, on December 05, 2025, received an order dated December 05, 2025 from the office of the Commissioner (Appeals), Odisha levying an amount of Rs.29,768/- towards Goods and Services Tax (“GST”) and the applicable interest under Section 50 of the Odisha Goods and Services Tax Act, 2017 (‘OGST Act’) and the Central Goods and Services Act, 2017 (“CGST Act”), respectively, and a consequential non-discretionary penalty amounting to Rs.40,000/- under Section 73 of the CGST Act read with section 122 of the CGST Act,2017 and corresponding provision of OGST Act,20172025-05-12The demand has arisen on account of disallowance of input tax credit availed during the financial year 2018-19.The impact of the order would be limited to the amount of levy payable by the Bank under the aforesaid order.The Commission of Central Tax (Appeals-II), DelhiThe Bank has, on October 17, 2025, received an order dated October 09, 2025 from the office of the Commission of Central Tax (Appeals-II), Delhi, levying an amount of Rs.23,05,445/- towards Goods and Services Tax (“GST”) and applicable interest under Section 50 of the Delhi Goods and Services Tax Act, 2017 (‘DGST Act’) and the Central Goods and Services Act, 2017 (“CGST Act”), respectively, and a consequential non-discretionary penalty amounting to Rs.2,30,544/- under Section 73 of the CGST Act read with section 122 of the CGST Act,2017 and corresponding provision of DGST Act,2017.2025-10-17The above demand has arisen on account of disallowance of input tax credit and interest as per GST Law during the financial year 2019-20.The impact of the order would be limited to the amount of levy payable by the Bank under the aforesaid order.The Commissioner (Appeals), OdishaThe Bank has, on December 05, 2025, received an order dated December 05, 2025 from the office of the Commissioner (Appeals), Odisha levying an amount of Rs.45,785/- towards Goods and Services Tax (“GST”) and the applicable interest under Section 50 of the Odisha Goods and Services Tax Act, 2017 (‘OGST Act’) and the Central Goods and Services Act, 2017 (“CGST Act”), respectively, and a consequential non-discretionary penalty amounting to Rs.40,000/- under Section 73 of the CGST Act read with section 122 of the CGST Act,2017 and corresponding provision of OGST Act,2017.2025-05-12The above demand has arisen on account of disallowance of input tax credit availed during the financial year 2017-18.The impact of the order would be limited to the amount of levy payable by the Bank under the aforesaid order.The Deputy Commission of State, MaharashtraThe Bank has, on December 18, 2025, received an order dated December 18, 2025 from the Deputy Commission of State, Maharashtra levying an amount of Rs.75,67,864/- towards Goods and Services Tax (“GST”) and the interest amount of Rs.53,88,877/- 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. 7,56,786/- under Section 73 of the CGST Act read with section 122 of the CGST Act,2017 and corresponding provision of MGST Act,2017.2025-12-18The above demand has arisen on account of disallowance of input tax credit availed and alleged non-payment of GST under reverse charge in certain instances during the financial year 2021-22.The impact of the order would be limited to the amount of levy payable by the Bank under the aforesaid order.The Additional Commissioner of Central Goods and Service Tax, AhmedabadThe Bank has, on December 20, 2025, received an order dated December 12, 2025 from the office of the Additional Commissioner of Central Goods and Service Tax, Ahmedabad, levying an amount of Rs.30,49,675/- towards Goods and Services Tax (“GST”) and applicable interest under Section 50 of the Gujarat Goods and Services Tax Act, 2017 (‘GGST Act’) and the Central Goods and Services Act, 2017 (“CGST Act”), respectively, and a consequential non-discretionary penalty amounting to Rs.30,69,675/- under Section 74 of the CGST Act read with section 122 of the CGST Act,2017 and corresponding provision of GGST Act,2017.2025-12-20The above demand has arisen on account of disallowance of input tax credit as per GST Law during financial year 2018-19 to 2020-21. It is pertinent to note that the order includes demand amount of Rs. 16,20,107/- for FY 2019-20 which is already under dispute and pending before the first Appellate Authority in Gujarat.The impact of the order would be limited to the amount of levy payable by the Bank under the aforesaid order.The Joint Commissioner of State Tax, Audit Wing Indore- 1,Madhya PradeshThe Bank has, on December 24, 2025, received an order dated December 24, 2025 from the office of the Joint Commissioner of State Tax, Audit Wing Indore- 1,Madhya Pradesh levying an amount of Rs.32,34,659/- towards Goods and Services Tax (“GST”) and interest of Rs.17,70,975/- under Section 50 of the Madhya Pradesh Goods and Services Tax Act, 2017 (‘MPGST Act’) and the Central Goods and Services Act, 2017 (“CGST Act”), respectively, and a consequential non-discretionary penalty amounting to Rs.3,33,464/- under Section 73 of the CGST Act read with section 122 of the CGST Act,2017 and corresponding provision of MPGST Act,2017.2025-12-24The above demand has arisen on account of disallowance of input tax credit availed during the financial year 2021-22.The impact of the order would be limited to the amount of levy payable by the Bank under the aforesaid order.The Deputy Commissioner of State Tax, Business Audit Wing, RajasthanThe Bank has, on December 31, 2025, received an order dated December 29, 2025 from the office of the Deputy Commissioner of State Tax, Business Audit Wing, Rajasthan levying an amount of Rs.1,26,74,257/- towards Goods and Services Tax (“GST”) and interest of Rs.93,15,576/- under Section 50 of the Rajasthan Goods and Services Tax Act, 2017 (‘RGST Act’) and the Central Goods and Services Act, 2017 (“CGST Act”), respectively, and a consequential non-discretionary penalty amounting to Rs.12,67,425/- under Section 73 of the CGST Act read with section 122 of the CGST Act,2017 and corresponding provision of RGST Act,2017.2025-12-31The above demand has arisen on account of disallowance of input tax credit availed during the financial year 2021-22.The impact of the order would be limited to the amount of levy payable by the Bank under the aforesaid order.