About The Karnataka Bank Limited

Founded in 1924 in Mangaluru, Karnataka Bank is a scheduled commercial bank that completed its centenary and presented its 101st Integrated Annual Report for FY 2024–25, reflecting a national presence and a technology‑savvy, customer-centric positioning under its vision to be a progressive, well-governed bank with strong corporate governance values.

The bank provides a full suite of retail, MSME, agriculture, and select corporate banking products, along with treasury, wealth distribution (insurance, mutual funds, and third‑party products), cards, payments, and trade services, with ongoing upgrades to loan origination/management, API banking, and digital channels under “KBL VIKAAS 3.0” initiatives.

Operations are India-focused with domestic branches and national back-office transformation; foreign currency earnings and spend are disclosed, but no foreign subsidiaries are reported, underscoring primarily domestic operations with international banking services rather than overseas presence.

The bank has one wholly owned subsidiary: KBL Services Limited, incorporated June 21, 2020; FY 2024–25 key figures include share capital Rs 1.75 crore, turnover Rs 12.96 crore, and profit after tax Rs 0.48 crore; there are no associates or joint ventures as on March 31, 2025.

Key milestones in FY 2024–25 include ISO/IEC 27001:2022 and PCI‑DSS v4.0.1 certifications, multiple IBA Banking Technology awards, and progress on core system transformations (LOS/LMS), omnichannel digitisation, data governance, and payment innovations aligned to an accelerated digital roadmap into FY 2025–26.

The Karnataka Bank Limited Business Segment

• Segment mix data by product/vertical contribution to revenue is not disclosed in the report sections cited; hence, segment percentages are not presented here.

• Domestic vs. international revenue split is not specifically quantified in the cited sections; the business is primarily domestic with foreign currency income/spend disclosure but without a revenue mix table suitable for the prescribed format.

The Karnataka Bank Limited Key Management

• P. Pradeep Kumar — Chairman, Independent Director.

• Raghavendra Srinivas Bhat — Managing Director & CEO (appointed for three months w.e.f. July 16, 2025, or until regular MD & CEO appointment, consequent to resignation of MD & CEO effective July 15, 2025).

• Srikrishnan H — Managing Director & CEO (up to July 15, 2025).

• Sekhar Rao — Executive Director (up to July 31, 2025).

• Abhishek S. Bagchi — Chief Financial Officer (KMP as on March 31, 2025).

• Sham K — Company Secretary (KMP as on March 31, 2025).

Latest Updates on The Karnataka Bank Limited

• Leadership transitions: Resignation of MD & CEO effective July 15, 2025, and Executive Director effective July 31, 2025; appointment of Raghavendra Srinivas Bhat as MD & CEO for three months from July 16, 2025, subject to RBI approvals.

• Strategy execution: Acceleration of “KBL VIKAAS 3.0” covering omnichannel digital transformation, data governance/warehouse upgrade, national back‑office revamp, API 2.0 scale‑up, core LOS/LMS overhaul, unified wealth platform, and payment channel enhancements including integrated merchant app and revamped retail mobile banking.

• Risk and resilience: Continued focus on asset quality with low GNPA/NNPA trajectory, upgraded integrated risk systems, and comfortable capital adequacy with potential capital raise in FY 2025–26 if growth outpaces accruals.

• Technology and security: ISO/IEC 27001:2022 certification across technology hubs and PCI‑DSS v4.0.1 certification for card environment; in‑house SOC with SIEM, dark web and attack surface monitoring, and RBI cyber audits completed.

Recognitions: Six citations at the IBA 20th Annual Banking Technology Conference (including Best Tech Talent Organisation and Best IT Risk Management – runner‑ups, and special mentions for Digital Sales, Payments Engagement, and AI/ML Adoption) and ASSOCHAM Best Innovation Partnership Initiatives Award under Small Banks on October 17, 2024.