Rights of Shareholders

The following are the key rights of the shareholders of the Bank;
​​​​​​​

• To participate in, and to be sufficiently informed of, decisions concerning fundamental corporate changes.
• Opportunity to participate effectively and vote in general shareholder meetings.
• Being informed of the rules, including voting procedures that govern general shareholder meetings.
• Opportunity to ask questions to the board of directors, to place items on the agenda of general meetings, and to propose resolutions, subject to reasonable limitations and provisions of applicable law. 
• Effective shareholder participation in key corporate governance decisions, such as the nomination and election of members of board of directors. 
• Exercise of ownership rights by all shareholders, including institutional investors. 
• To receive in a timely manner corporate actions such as dividend, bonus issue, rights issue, etc. if and as may be declared or approved by the Board of Directors or shareholders.
• To receive in a timely manner, correspondence to shareholders including annual report, notice of general meeting/postal ballot, etc. 
• Adequate mechanism to address the grievances of the shareholders. 
• Protection of minority shareholders from abusive actions by, or in the interest of, controlling shareholders acting either directly or indirectly, and effective means of redress
• Proceeding against the Company by way of civil or criminal proceedings, including class action suit, if need be. 
• Opportunity to obtain effective redress for violation of their rights. 
• To have access to relevant, sufficient and reliable information on a timely and regular basis to enable them to participate in corporate governance process.
• Any other rights as are specified under the relevant statutory enactments.