KARNATAKA BANK LTD.

Karnataka Bank Ltd has announced the extension of Mr. Ratheesh R's tenure as Head – Training, in the cadre of General Manager. His contract has been extended for a period of one year, effective from August 17, 2026. Mr. Ratheesh R brings over 39 years of banking experience, having previously retired as General Manager from Union Bank of India. He joined Karnataka Bank in August 2023 on a three-year contract.

Karnataka Bank Ltd has issued a clarification regarding a press release originally dated August 1, 2026, correcting the date to August 3, 2026, due to a typographical error. The press release announced the launch of '#KBL Finsurance', a digital portal for streamlining insurance business leads, powered by fintech company SprintMoney. This initiative is part of the bank's digital transformation and aims to enhance bancassurance operations, customer experience, and operational efficiency.

Karnataka Bank has launched "KBL Finsurance", a comprehensive digital insurance platform aimed at streamlining the creation, tracking, and monitoring of insurance business leads across its branch network. This initiative is a significant step in the bank's digital transformation journey. The platform is powered by SprintMoney, a fintech company, and integrates with insurance partners. KBL Finsurance empowers branch personnel with real-time capabilities for lead generation, policy tracking, and accessing business MIS reports. The bank's MD & CEO, Sri Raghavendra S Bhat, stated that the platform will enhance customer experience and streamline bancassurance operations. SprintMoney's Founder & CEO, Mr. Amit Kumar, highlighted the platform's role in simplifying insurance solutions through automation and intelligent workflows. The General Manager of Branch Banking & IT, Sri Raghuram H S, emphasized the platform's benefits in enhancing productivity and driving growth in the bancassurance business.

Karnataka Bank Limited has announced a significant achievement, crossing the Rs. 2 lakh crore business milestone as of July 31, 2026. This accomplishment reflects the bank's growth and the trust placed in it by its stakeholders. The bank expressed gratitude to its Board of Directors, Chairman, customers, stakeholders, and employees for their unwavering support and commitment, attributing the success to their collective efforts. Karnataka Bank looks forward to continuing its trajectory of shared growth and prosperity.

Karnataka Bank Ltd has appointed Mr. Parthasarathi Periaswamy as an Additional Director (Non-Executive, Independent) for a term of four years, effective July 29, 2026. This appointment is subject to shareholder approval. Mr. Periaswamy brings over three decades of experience in technology and cybersecurity within India's financial sector, including significant roles at the Reserve Bank of India and IDRBT. His expertise is expected to bolster the bank's digital initiatives and cybersecurity governance.

Karnataka Bank Ltd has announced the updated profile of Mr. Parthasarathi Periaswamy, appointed as an Additional Director (Non-Executive, Independent) for a four-year term effective July 29, 2026. Mr. Periaswamy brings over three decades of experience in technology and cybersecurity within India's financial sector, including significant roles at the Reserve Bank of India and IDRBT. His expertise spans cybersecurity frameworks, IT modernization, and resilience across the banking ecosystem. He has also advised private banks and served on the board of IFTAS, an RBI subsidiary. His appointment aims to leverage his extensive background in technology, regulation, and strategy to enhance the bank's resilience and cybersecurity.

Karnataka Bank Ltd has appointed Mr. Parthasarathi Periaswamy as an Additional Director in the category of Independent Director for a term of four years, effective July 29, 2026. This appointment is subject to shareholder approval. Mr. Periaswamy brings extensive experience in technology and cybersecurity from his roles at the Reserve Bank of India and IDRBT, focusing on strengthening financial sector resilience and governance.

Karnataka Bank Ltd has appointed Mr. Parthasarathi Periaswamy as an Additional Director in the category of Independent Director for a period of four years, effective July 29, 2026. The appointment is subject to shareholder approval. Mr. Periaswamy brings extensive experience in technology and cybersecurity from his roles at the Reserve Bank of India and IDRBT, focusing on national cybersecurity frameworks and banking resilience. He is not related to any existing directors and has not been debarred from holding a director's office.

Karnataka Bank announced its financial results for the quarter ended June 30, 2026, reporting a record-breaking net profit of ₹418.95 crores, a 43% year-on-year increase from ₹292.40 crores in the same quarter last year. The bank's aggregate business reached an all-time high of ₹1,97,006.62 crores. Deposits grew 7% YoY to ₹1,10,396.41 crores, while Gross Advances saw a significant 17% YoY growth to ₹86,610.21 crores. Net Interest Margin (NIM) improved by 38 basis points to 3.20%. Asset quality also showed marked improvement, with Gross Non-Performing Assets (GNPA) decreasing by 88 bps to 2.58% and Net Non-Performing Assets (NNPA) by 57 bps to 0.87%. The bank's Capital to Risk-weighted Assets Ratio (CRAR) stood strong at 21.10%. The bank highlighted its ongoing digital transformation and commitment to customer-centric solutions.

Karnataka Bank Ltd has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results were approved by the Board of Directors in a meeting held on July 29, 2026. The filing includes the Limited Review Report from the Statutory Auditors, which contains an unmodified opinion. Additionally, documents related to Security Cover Certificate, Utilisation Certificate, and Statement of Material Deviation for the quarter were submitted.