ESG score upgraded to 77.6 from 75.4 by CareEdge; "CareEdge-ESG 1" rating retained

CareEdge ESG Ratings upgraded the bank's ESG score from 75.4 to 77.6 in its annual review, while retaining the "CareEdge-ESG 1" rating.

Fri 2 Oct 2026

ESG Score

upgraded from 75.4 to 77.6

ESG Rating Retained

"CareEdge-ESG 1"

Rating Agency

CareEdge ESG Ratings Limited

Date of Occurrence

October 1, 2026

What was intimated

• CareEdge ESG Ratings Limited upgraded the bank's ESG score from 75.4 to 77.6 after the annual review and surveillance of its Environmental, Social and Governance assessment.
• The rating of "CareEdge-ESG 1" was retained.
• The upgrade was intimated to BSE and NSE, with the date of occurrence of the event stated as October 1, 2026.
• The bank has said the complete rating rationale is available on its website and on the website of the rating agency.

What an ESG score means

ESG scores assess how a company handles environmental, social and governance matters. A rating agency reviews disclosures, policies and performance, and places the company on its own scale. Here, the score rose to 77.6 from 75.4, and the rating label stayed at "CareEdge-ESG 1".

What the rationale highlighted

• A leadership position in managing ESG risks through best-in-class disclosures, policies and performance.
• A leadership position in workforce diversity, and a sharp focus on financial inclusion and sustainability.
• Long-term strategies and initiatives across key ESG functions that the agency expects to make a notable transition in sustainability performance.
• A commitment towards social upliftment through allocation of more than the regulatory required corporate social responsibility (CSR) fund allocation.
• Governance practices and social stewardship, reinforced by regulatory compliance and a customer service framework, along with board-approved policies on sustainable banking, cybersecurity, whistleblower protection and code of conduct, many of which extend to suppliers and vendors.
• An ISO/IEC 27000-certified cybersecurity framework, ISO 9000 certification, a zero data breach record and regular internal audits.

On climate risk

• The rationale notes that the bank is actively progressing its climate risk management journey, having developed key elements of its climate governance and risk assessment framework.
• These include a draft climate risk policy, a governance report, a strategy document and a physical risk assessment.
• Further enhancements on targets, metrics and disclosures are expected in line with evolving regulatory developments.
• External evaluation is available for select policies and external expert inputs have supported the development of climate-related frameworks, while broader independent review coverage remains evolving.

How a retail investor can read this

This is a disclosure about a rating agency's assessment of the bank's non-financial performance. It is not a financial result, and the update does not quote business or earnings figures. Such assessments are one of several inputs some investors and index providers look at when evaluating a company's environmental, social and governance profile. The update states the score change and the rating retained, and points to the rating agency's complete rationale for the full detail.

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