The Karnataka Bank Limited has informed the Exchange regarding a press release dated July 01, 2025, titled "City Civil Court Bengaluru, injuncts BTV, a Kannada news channel of Bengaluru from telecasting defamatory news / message against the Karnataka Bank Limited".
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Karnataka Bank informed exchanges that a Kannada news channel, BTV, had aired baseless and defamatory news against the bank on June 29 and 30, 2025. The bank filed a civil suit (O.S. No.4614/2025) before the City Civil Court in Bengaluru on June 30, 2025 seeking damages and a permanent injunction. On July 1, 2025, the 29th City Civil and Sessions Judge granted an ex-parte temporary injunction restraining BTV from telecasting any defamatory content against the bank till the next hearing. The bank also stated that depositors, account holders, and shareholders need not worry about the bank's reliability and strength, calling itself a 100-year-old institution.
This is a protective legal action by the bank to stop reputational harm and public panic. A favourable court order is mildly positive for sentiment, but the underlying episode of defamatory coverage may create short-term nervousness among retail depositors and investors until the matter is fully resolved.