ALPHA TRIBE

The Karnataka Bank LimitedOthers, 14-05-2025: Related Party Transactions

14-05-2025 | 09:47 pm

Karnataka Bank Ltd. has announced a board meeting to consider related party transactions for the half year ended March 31, 2025. Transactions include deposits and interest involving directors, their relatives, and key managerial personnel, conducted at market-aligned terms. Its wholly owned subsidiary, KBL Services Limited, recorded purchases of goods and services worth ₹2.43 Cr. Loan-related dealings are not disclosed. These transactions represent routine business activities with insiders, indicating no unusual exposures for the bank.

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