The Karnataka Bank Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for the Financial Year 2024-25'.
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Karnataka Bank submitted its Business Responsibility and Sustainability Report for FY 2024-25 to NSE and BSE as required under SEBI regulations. The bank operates 952 branches, 45 offices, and 1,516 ATMs across 22 states and 2 union territories, serving over 13.7 million customers. It employs 8,750 staff (31.75% women), posted turnover of ₹10,283 crore, and net worth of ₹11,586 crore. The bank spent ₹24.67 crore on 249 CSR projects, with education (39.3%) and healthcare (17.1%) receiving the largest shares. Customer service complaints fell sharply from 39,350 in FY24 to 25,312 in FY25. Digital initiatives have enabled over 90% of savings accounts to be opened paperless, saving an estimated 2,070.9 metric tons of CO2 annually. ESG infrastructure includes solar panels at Head Office and Regional Office Udupi, three sewage treatment plants, and LED conversion across 127 branches. Independent Scope 1 and 2 assurance was provided by Gencarbon ESG.
This is a routine mandatory regulatory disclosure with no direct financial impact, but it signals strong governance, falling customer complaints, growing digital adoption, and genuine ESG infrastructure investment. Multiple industry awards (IBA, ASSOCHAM) reinforce a positive brand and operational trajectory for shareholders.