News

Karnataka Bank Ltd. announced the allotment of 1,935 equity shares with a face value of Rs 10 each on August 18, 2026, following the exercise of vested stock options under the Karnataka Bank Employees Stock Option Scheme, 2023, as approved by the Managing Director & CEO.

Karnataka Bank Ltd. announced the extension of Mr. Ratheesh R`s tenure as Head – Training in the cadre of General Manager for a period of one year, effective August 17, 2026. Mr. Ratheesh R previously retired as General Manager from Union Bank of India in April 2023 and joined Karnataka Bank Limited in August 2023 on a contract basis for three years.

Karnataka Bank announced the launch of KBL Finsurance, a comprehensive digital portal designed to streamline the creation, tracking and monitoring of insurance business leads across its branch network. The project launch marks a significant milestone in the Bank`s digital transformation journey and is powered by SprintMoney a fintech company providing a comprehensive suite of white-labelled digital solutions to banks and financial institutions. Its portfolio includes SprintCRM, an AI-powered Customer Relationship Management (CRM) solution; a Digital Wealth Suite; a Relationship Management Module; a Platform for Secured Lending against Shares, Mutual Funds and Insurance Policies; and its Digital Insurance Suite, a comprehensive platform that enables end-to-end digitization of insurance distribution.The KBL Finsurance Portal empowers branch personnel with real-time capabilities to generate and track insurance leads, monitor policy status, access business management information system (MIS) reports. To enable seamless integration with insurance partners, Karnataka Bank has tied up with SprintMoney (Wildflower Business Services), which has facilitated integration of Bank with tied up insurance companies through KBL Finsurance platform.

Karnataka Bank has appointed Parthasarathi Periaswamy as Additional Director (Non-Executive, Independent) of the Bank for a period of four years, with effect from 29 July 2026.

Karnataka Bank has appointed Parthasarathi Periaswamy (DIN: 08507318) as an Additional Director in the category of Independent Director of the Bank for a period of four years with effect from today, i.e., 29 July 2026.