The Karnataka Bank Limited — Others, 31-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Karnataka Bank has announced a board meeting on December 31, 2024, to discuss the financial results for the quarter and half-year. The bank did not raise any BASEL III compliant, unsecured debt instruments in the quarter; however, it did issue equity shares through the exercise of vested ESOPs. Notably, the funds raised previously for capital adequacy purposes have been fully utilized as intended. This proactive capital management could foster a positive outlook among investors, reassuring them of the bank's commitment to financial stability and growth opportunities.