The Karnataka Bank Limited has informed the Exchange about related Party Transactions
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Karnataka Bank has filed a corrected disclosure of related party transactions for the half year ended March 31, 2025, submitted under SEBI Listing Regulations 23(9). This is a resubmission to fix a typographical error in an earlier letter that mistakenly mentioned March 30, 2025. The total value of all related party transactions during the reporting period was ₹7.62 crores. These mainly involve bank deposits accepted from and withdrawn by directors, their relatives, and key managerial personnel, along with interest paid on those deposits. The only non-deposit transaction is ₹2.43 crores paid to its wholly owned subsidiary, KBL Services Limited, for purchase of goods or services.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. The transactions are ordinary banking deposits at standard or uniformly applicable terms, and the subsidiary transaction is operational in nature. Loans and advances by the bank are exempt from disclosure under this requirement.