CSB Bank Limited — Board/Management Information 2021

Jan 19, 2021

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SEC/27/2021 January 19, 2021

BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400001. Scrip code: 542867

National Stock Exchange of India Ltd., Exchange plaza, 5[th] floor, Bandra-kurla Complex, Bandra (E), Mumbai 400051. Symbol: CSBBANK

Dear Sir/Madam,

Outcome of the Board Meeting held on January 19, 2021 - Intimation in terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you the following:

1. Implementation of Voluntary Retirement Scheme in the Bank

The Board considered and approved to roll out Voluntary Retirement Scheme for Award Staff viz.’ CSB Bank –VRS for Award staff -2021’ for the eligible award staff members of the Bank who have completed 50 years of age and have a minimum of 10 years of service with the Bank. The Scheme shall be effective from January 25, 2021, for such period, as specified in the Scheme.

The status of the implementation of the aforesaid Scheme and the financial impact thereof will be ascertained and communicated in due course. The implementation of the Scheme will be beneficial to the Bank in the long run, both in terms of financial and customer service point of view.

2. Reconstitution of Nomination and Remuneration Committee of the Board

The Board reconstituted the Nomination and Remuneration Committee of the Board with members as detailed below:

	NameoftheCommittee	Composition	Composition	Category	Category	Category
	Nominationand	Ms.BhamaKrishnamurthy(Chairperson)		Independent Director
	Remuneration	Mr. A M	adhavan,Member	Ind	ependent Director
	Committee	Mr. Mad	havan Menon,Member	Non	-Executive Director
		Mr. Sum	it Maheshwari,Member	Non	-Executive Director

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CSB Bank Limited Regd. Office: CSB Bhavan, St. Mary's College Road, Thrissur – 680020, Kerala, India. Tel: +91 487–2333020 | Fax: +91 487–2338764 | Web: www.csb.co.in | Email: board@csb.co.in | CIN: L65191KL1920PLC000175

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This intimation is also made available on the website of the Bank at www.csb.co.in.

Kindly take the same on records.

Thanking You.

Yours faithfully,

Digitally signed by SIJO VARGHESE DN: st=KERALA, SIJO serialNumber=da67d16a892dbce0f63c24da300ebd6a93ef99e00629fb3f519f d7bc49a7ccee, postalCode=680020, ou=SECRETARIAL DEPARTMENT, VARGHESE o=CSB BANK LIMITED, c=IN, cn=SIJO VARGHESE Date: 2021.01.19 10:22:40 +05'30'

Sijo Varghese Company Secretary

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CSB Bank Limited Regd. Office: CSB Bhavan, St. Mary's College Road, Thrissur – 680020, Kerala, India. Tel: +91 487–2333020 | Fax: +91 487–2338764 | Web: www.csb.co.in | Email: board@csb.co.in | CIN: L65191KL1920PLC000175