The Karnataka Bank Limited — Others, 23-10-2024: Related Party Transactions

Karnataka Bank Ltd. disclosed related party transactions for the half year ending September 30, 2024. The key developments include various transactions involving sitting fees and remuneration paid to directors, totaling ₹98.51 crores during the period. Notably, deposits accepted and withdrawn by executives and their relatives were also recorded. The transactions received approval from the audit committee, ensuring compliance with disclosure requirements, further emphasizing the transparency of the bank's operations.