CSB Bank Ltd

CSB Bank Ltd announced the appointment of Mr. Anish Thurthi (DIN:08713000) as an Additional Director (Non-Executive Non-Independent) of the Bank, effective September 25, 2026. The appointment was made pursuant to the recommendation of the Nomination & Remuneration Committee and is a result of a nomination by FIH Mauritius Investments Ltd, the promoter of the Bank. Mr. Thurthi is a Chartered Accountant with over 20 years of experience in investment management and M&A. The bank will seek member approval for this appointment. Additionally, the Board also approved the reconstitution of its committees, effective September 26, 2026.

CSB Bank Limited announced the appointment of Mr. Anish Thurthi as an Additional Director (Non-Executive Non-Independent) effective September 25, 2026. The appointment was recommended by the Nomination & Remuneration Committee and nominated by the promoter, FIH Mauritius Investments Ltd. Mr. Thurthi brings over 20 years of experience in investment management, M&A, and financial advisory, having previously served as a Partner at KPMG India. The Board also approved the reconstitution of its committees, effective September 26, 2026. The appointment of Mr. Thurthi requires subsequent approval from the bank's members.

CSB Bank Ltd has issued a clarification to the BSE regarding a news item published on www.economictimes.com on September 8, 2026. The news suggested Fairfax plans to exit IIFL Finance to fund a bid for IDBI Bank. CSB Bank categorically stated that it is unaware of the background or factual correctness of the news item. The bank confirmed it has no information regarding any negotiations, discussions, events, or developments mentioned in the report concerning itself. It also denied awareness of any unannounced information that could explain trading movements and stated no regulatory or legal proceedings are known.

The Reserve Bank of India (RBI) has granted approval to ICICI Prudential Asset Management Company Limited to acquire an aggregate holding of up to 9.95% of the paid-up share capital or voting rights in CSB Bank Limited. This approval is subject to compliance with various banking regulations, including the Banking Regulation Act, 1949, and SEBI guidelines. The intimation has been made public on the bank's website.

CSB Bank Ltd has been assigned an ESG rating of 'Crisil ESG 72' by Crisil ESG Ratings & Analytics Limited. The bank clarified that it did not engage Crisil for this rating, and it was independently prepared based on publicly available information. This rating is now available on the bank's website.

CSB Bank Ltd announced that Mr. Sumit Maheshwari (DIN: 06920646) has ceased to be a Non-Executive Non-Independent Director of the Bank. This cessation is effective from the close of office hours on Wednesday, September 2, 2026, upon completion of his maximum permissible tenure of 8 years as per the Banking Regulation Act, 1949. The Board of Directors expressed their appreciation for his contributions during his directorship. The bank has also made this information available on its website.

CSB Bank Limited announced the reconstitution of its Board Committees following a meeting held on August 24, 2026. The changes, effective August 25, 2026, include new members and chairpersons for the Audit Committee and the Corporate Social Responsibility Committee. Ms. Sharmila Abhay Karve has been appointed Chairperson of the Audit Committee, while Mr. Pralay Mondal will chair the CSR Committee. The bank has also updated its website with this information.

CSB Bank Limited announced the appointment of M P Chitale & Co, Chartered Accountants, as one of its Joint Statutory Auditors. This decision was approved by the shareholders at the Bank's 105th Annual General Meeting held on August 21, 2026. The appointment is for a continuous period of three years, from FY 2026-27 to FY 2028-29, and will be effective from the conclusion of the 105th AGM until the conclusion of the 108th AGM. The appointment is subject to the Reserve Bank of India's approval for each financial year during their tenure, as per Section 30(1A) of the Banking Regulation Act, 1949. This disclosure was made pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CSB Bank Limited has issued a corrigendum to the notice of its 105th Annual General Meeting (AGM) scheduled for August 21, 2026. The corrigendum clarifies the 'CSB Bank Employee Stock Option Scheme 2026' (ESOS 2026). Specifically, it revises the clause related to the exercise price determination. The original clause stated the exercise price would not be less than the face value of the share, while the revised clause specifies it will be equal to the market price on the date of grant. This change aims to provide more clarity and predictability to stakeholders regarding the ESOP pricing.

CSB Bank Limited announced that its 'CSB ESOS Trust' has transferred 6,278 equity shares of the bank on August 10, 2026. This transfer was made to an eligible grantee who exercised vested stock options under the CSB Employee Stock Option Scheme 2019. The intimation is also available on the bank's website.