The Karnataka Bank Limited — Others, 23-10-2024: Statement of deviation(s) or variation(s) under Reg. 32

Karnataka Bank reported that no BASEL III compliant unsecured debt instruments were raised in Q3 2024. However, the bank successfully issued equity share capital through the exercise of vested ESOPs. The previously issued Tier 2 bonds remain fully utilized for capital adequacy, with successful achievement of their intended purpose. Overall, there are no deviations or variations in the utilization of funds raised.