IndusInd Bank has released its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report, prepared by independent practising company secretaries, confirms the Bank’s adherence to regulatory requirements, noting that operational processes are largely in compliance with standards. Minor procedural observations regarding document transmission timelines and filing updates have been addressed and resolved by the Bank’s management to ensure continued governance excellence.
Report Overview
IndusInd Bank has submitted its comprehensive Annual Secretarial Compliance Report for the fiscal year ending March 31, 2026. This disclosure underscores the institution’s commitment to maintaining high standards of corporate governance and operational transparency. The review was conducted by M/s Alwyn Jay & Co., who verified the Bank’s records, filings, and website disclosures to ensure full alignment with mandated guidelines.
Compliance and Operational Observations
During the review period, the institution maintained strong adherence to internal policies and external standards. While most aspects of governance were found to be fully compliant, two minor procedural items were noted and rectified:
- Document Processing: In one instance, a securities transmission request was executed slightly beyond the standard seven-day turnaround. The resulting ₹1,000 penalty was addressed and the case resolved.
- Digital Filing: A procedural delay in uploading document images occurred in February 2025 due to a bank holiday. Following the Bank’s clarification, the penalty was reversed.
Governance Standards
The report confirms that the Bank has successfully implemented all required governance practices, including:
- Policy Adoption: All regulatory policies are current and approved by the Board of Directors.
- Performance Evaluation: The Bank conducted thorough performance evaluations for the Board, Independent Directors, and various committees.
- Insider Trading: Strict internal controls remain in place to monitor and prevent non-compliant trading activities.
Ongoing Legal Matters
The Bank continues to manage legacy legal matters with transparency. Specifically, an ongoing appeal before the Securities Appellate Tribunal (SAT) regarding previous regulatory orders remains pending. The Bank has already fulfilled the required deposit of ₹50 lakhs as directed, and the enforcement of the original order remains stayed pending the final outcome of the appeal proceedings.
Source: BSE
