KARNATAKA BANK LTD.

Karnataka Bank organized its Third Party Products (TPP) Conference on June 6, 2026, in Mangaluru. The conference, chaired by MD & CEO Shri Raghavendra S Bhat, focused on the strategic roadmap for FY 2026-27. Key discussions included leveraging TPP for fee-based income, strengthening regulatory compliance, ethical selling practices, and technology adoption. The bank aims to enhance collaboration with insurance partners to achieve the 'Insurance for All by 2047' vision through improved accessibility and awareness. Senior officials from major insurance companies participated.

Karnataka Bank celebrated World Environment Day on June 5, 2026, with a plantation drive at its Head Office in Mangaluru. The event, led by MD & CEO Shri Raghavendra S. Bhat, emphasized environmental conservation and sustainability. The bank highlighted its ongoing CSR initiatives focused on environmental protection and encouraged green practices among employees and customers.

Karnataka Bank has successfully integrated its internet banking platform with the Employees' Provident Fund Organization (EPFO) portal. This integration, effective June 1, 2026, allows customers and establishments to make seamless, fully digital payments of provident fund contributions. The new system offers secure, efficient, and user-friendly processing with real-time validation and instant confirmation, reducing manual intervention and operational delays. This move aligns with the bank's digital transformation strategy and aims to enhance customer experience and support ease of doing business.

Karnataka Bank has entered into a strategic partnership with the Tobacco Board, Government of India, to provide specialized financial and credit solutions to registered tobacco growers in Karnataka. The initiative aims to enhance financial inclusion, ensure timely access to credit, and support the sustainable growth of the farming community by offering customized banking facilities.

Karnataka Bank successfully organized its Annual Conference of Concurrent Auditors and Internal Auditors for the Financial Year 2026-27 in Mangaluru on May 20, 2026. The conference, held in hybrid mode under the theme "Anticipate, Strengthen, Prevent", focused on strengthening audit practices, enhancing risk management, ensuring regulatory compliance, and sharing best practices in internal control and governance. The event saw participation from auditors, bank officials, and top management, reaffirming the Bank's commitment to robust governance and a strong audit framework.

Karnataka Bank Ltd announced the resignation of Mr. Niranjankumar R, Chief Human Resources Officer, effective from the close of business hours on May 25, 2026. The resignation, submitted on May 14, 2026, is due to personal reasons. Mr. Niranjankumar R will cease to be a Senior Management Personnel of the Bank from the mentioned date. The bank has provided details of his resignation as per SEBI regulations.

Karnataka Bank reported a record annual net profit of ₹1,310.50 crores for FY 2025-26. The bank's aggregate business reached an all-time high of ₹1,92,118.67 Crores. The Board of Directors approved a dividend of 50% for approval in the upcoming Annual General Meeting. Deposits stood at ₹1,08,778.75 crores, with CASA deposits growing to ₹36,559.66 crores. Gross Advances reached ₹83,339.92 crores. The bank's asset quality improved, with GNPA declining to 2.78% and NNPA to 0.98%.

Karnataka Bank Ltd has appointed Mrs. Biji Sreekrishnavilas Sankaranarayanan as an Additional Director, designated as a Whole Time Director in the capacity of Executive Director and Key Managerial Personnel (KMP), effective May 19, 2026. The appointment is for a period of 3 years from the date of taking charge and is subject to shareholder approval. The Reserve Bank of India approved the appointment on May 13, 2026. Mrs. Sankaranarayanan has not been debarred from holding the office of a Director by any authority.

Karnataka Bank Ltd. announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board of Directors, in its meeting on May 19, 2026, approved the results and recommended a final dividend of ₹5 per equity share (50% of face value of ₹10 each), subject to shareholder approval at the Annual General Meeting. The auditors' report has an unmodified opinion.

Karnataka Bank Ltd. has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board of Directors, in its meeting held on May 19, 2026, approved the results and recommended a final dividend of ₹5 per equity share (50% of face value of ₹10) for FY26, subject to shareholder approval. The auditors' report has an unmodified opinion. The record date for the dividend will be intimated separately.