Integrated Governance

The Karnataka Bank Limited

General information about company

Scrip code	532652
NSE Symbol	KTKBANK
MSEI Symbol	NOTLISTED
ISIN	INE614B01018
Date of start of financial year	01-04-2024
Date of end of financial year	31-03-2025
Reporting Quarter Type	Quarterly
Date of Quarter Ending	31-12-2024
Type of company	Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity?	true
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity?	true
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity?	false	There are no instances of acquisition of shares or voting rights in unlisted companies by the Bank during the quarter in terms of sub para 1 of para A of Part A of Schedule III of the SEBI LODR Regulations, 2015
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity?	true
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity?	false	There are no instances of Ongoing Tax litigations or Disputes applicable to the Bank pursuant to the SEBI Expert Committee Circular dated 31.12.2024 considering the concept of materiality.
Risk management committee	true
Market Capitalisation as per immediate previous Financial Year	Top 1000 listed entities
Is SCORE ID Available ?	true
SCORE Registration ID	K00066
Reason For No SCORE ID
Type of Submission	Original
Remarks (website dissemination)

Annexure I

Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson						true
Whether Chairperson is related to MD or CEO						false	Disqualification of Directors under section 164 of the Companies Act, 2013
Sr no.	Title(Mr/Ms)	Name of the Director	Category 1 of directors	Category 2 of directors	Category 3 of directors	Whether the director is disqualified?	Start Date of disqualification	End Date of disqualification	Details of disqualification	Current status	Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations]	Date of passing special resolution	Initial Date of appointment	Date of Re-appointment	Date of cessation	Tenure of director(in months)	No of Directorship in listed entities including this listed entity(Refer Regulation 17A of Listing Regulations)	No of Independent Directorship in listed entities including this listed entity(Refer Regulation 17A(1) of Listing Regulations	Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations)	No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations)	Reason for Cessation	Notes for not providing PAN	Notes for not providing DIN
1	Mr	PANJA PRADEEP KUMAR	Non-Executive - Independent Director	Chairperson		false				Active	NA		19-08-2020	19-08-2020		52.12	3	3	4	1
2	Mr	SRIKRISHNAN HARI HARA SARMA	Executive Director	Not Applicable	CEO-MD	false				Active	NA		09-06-2023	09-06-2023		18.22	1	0	1	0
3	Mr	SEKHAR SRIDHAR RAO	Executive Director	Not Applicable		false				Active	NA		01-02-2023	10-09-2024		23	1	0	1	0
4	Mr	BALEBAIL RAJAGOPAL ASHOK	Non-Executive - Non Independent Director	Not Applicable		false				Active	NA		27-08-2019	29-08-2023		64.06	1	0	1	0
5	Mr	ARAKALGUD VENKATARAMAIAH CHANDRASHEKAR	Non-Executive - Independent Director	Not Applicable		false				Active	NA		19-08-2020	19-08-2020		52.13	1	1	0	0
6	Mrs	UMA SHANKAR	Non-Executive - Independent Director	Not Applicable		false				Active	NA		01-11-2020	01-11-2020		50	3	2	5	1
7	Mr	DEVARAYASAMUDRAM SRINIVASAN RAVINDRAN	Non-Executive - Independent Director	Not Applicable		false				Active	NA		01-04-2021	01-04-2021		45	1	1	2	0
8	Mr	BALAKRISHNA ALSE SHETWALLI	Non-Executive - Independent Director	Not Applicable		false				Active	NA		26-05-2021	26-05-2021		43.06	1	1	2	1
9	Mr	JEEVANDAS NARAYAN	Non-Executive - Independent Director	Not Applicable		false				Active	NA		26-04-2022	26-04-2022		32.05	1	1	0	0
10	Mr	KALMANJE GURURAJ ACHARYA	Non-Executive - Independent Director	Not Applicable		false				Active	NA		26-04-2022	26-04-2022		32.05	1	1	2	1
11	Mr	HARISH HASSAN VISWESWARA	Non-Executive - Independent Director	Not Applicable		false				Active	NA		01-02-2024	01-02-2024		11	3	3	4	1

Annexure I

II. Composition of Committees
Disclosure of notes on composition of committees explanatory

Audit Committee Details

Whether the Audit Committee has a Regular Chairperson						true
Sr	Name of Committee members	Category 1 of directors	Category 2 of directors	Date of Appointment	Date of Cessation	Remarks
1	KALMANJE GURURAJ ACHARYA	Non-Executive - Independent Director	Chairperson	27-05-2022
2	BALEBAIL RAJAGOPAL ASHOK	Non-Executive - Non Independent Director	Member	06-09-2019
3	UMA SHANKAR	Non-Executive - Independent Director	Member	21-11-2020
4	DEVARAYASAMUDRAM SRINIVASAN RAVINDRAN	Non-Executive - Independent Director	Member	21-10-2021
5	BALAKRISHNA ALSE SHETWALLI	Non-Executive - Independent Director	Member	01-06-2021
6	HARISH HASSAN VISWESWARA	Non-Executive - Independent Director	Member	04-03-2024

Nomination and remuneration committee

Whether the Nomination and remuneration committee has a Regular Chairperson						true
Sr	Name of Committee members	Category 1 of directors	Category 2 of directors	Date of Appointment	Date of Cessation	Remarks
1	UMA SHANKAR	Non-Executive - Independent Director	Chairperson	14-11-2021
2	PANJA PRADEEP KUMAR	Non-Executive - Independent Director	Member	21-10-2021
3	BALEBAIL RAJAGOPAL ASHOK	Non-Executive - Non Independent Director	Member	21-10-2021
4	ARAKALGUD VENKATARAMAIAH CHANDRASHEKAR	Non-Executive - Independent Director	Member	04-03-2024

Stakeholders Relationship Committee

Whether the Stakeholders Relationship Committee has a Regular Chairperson						true
Sr	Name of Committee members	Category 1 of directors	Category 2 of directors	Date of Appointment	Date of Cessation	Remarks
1	BALAKRISHNA ALSE SHETWALLI	Non-Executive - Independent Director	Chairperson	27-05-2022
2	SRIKRISHNAN HARI HARA SARMA	Executive Director	Member	17-06-2023
3	SEKHAR SRIDHAR RAO	Executive Director	Member	02-02-2023
4	DEVARAYASAMUDRAM SRINIVASAN RAVINDRAN	Non-Executive - Independent Director	Member	14-11-2021
5	KALMANJE GURURAJ ACHARYA	Non-Executive - Independent Director	Member	17-06-2023

Risk Management Committee

Whether the Risk Management Committee has a Regular Chairperson						true
Sr	Name of Committee members	Category 1 of directors	Category 2 of directors	Date of Appointment	Date of Cessation	Remarks
1	JEEVANDAS NARAYAN	Non-Executive - Independent Director	Chairperson	27-05-2022
2	PANJA PRADEEP KUMAR	Non-Executive - Independent Director	Member	11-09-2020
3	SRIKRISHNAN HARI HARA SARMA	Executive Director	Member	17-06-2023
4	BALEBAIL RAJAGOPAL ASHOK	Non-Executive - Non Independent Director	Member	17-06-2023
5	HARISH HASSAN VISWESWARA	Non-Executive - Independent Director	Member	04-03-2024
6	SEKHAR SRIDHAR RAO	Executive Director	Member	02-02-2023

Corporate Social Responsibility Committee

Whether the Corporate Social Responsibility Committee has a Regular Chairperson						true
Sr	Name of Committee members	Category 1 of directors	Category 2 of directors	Date of Appointment	Date of Cessation	Remarks
1	ARAKALGUD VENKATARAMAIAH CHANDRASHEKAR	Non-Executive - Independent Director	Chairperson	14-11-2021
2	PANJA PRADEEP KUMAR	Non-Executive - Independent Director	Member	14-11-2021
3	SRIKRISHNAN HARI HARA SARMA	Executive Director	Member	17-06-2023
4	DEVARAYASAMUDRAM SRINIVASAN RAVINDRAN	Non-Executive - Independent Director	Member	01-06-2021
5	KALMANJE GURURAJ ACHARYA	Non-Executive - Independent Director	Member	17-06-2023

Annexure I

III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr	Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order)	Maximum gap between any two consecutive (in number of days)	Notes for not providing Date	Whether requirement of Quorum met (Yes/No)	Total Number of Directors as on date of the meeting	Number of Directors present*(All directors including Independent Director)	No. of Independent Directors attending the meeting*
1	24-07-2024			true	11	11	8
2	13-08-2024	19		true	11	11	8
3	10-09-2024	27		true	11	11	8
4	19-09-2024	8		true	11	10	7
5	23-10-2024	33		true	11	11	8
6	14-11-2024	21		true	11	11	8
7	21-12-2024	36		true	11	11	8

Annexure I

IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr	Name of Committee	Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order)	Maximum gap between any two consecutive (in number of days)	Name of other committee	Reson for not providing date	Whether requirement of Quorum met (Yes/No)	Total Number of Directors in the Committee as on date of the meeting	Number of Directors Present (All Directors including Independent Director)	No. of Independent Directors attending the meeting*	No. of members attending the meeting (other than Board of Directors)
1	Audit Committee	23-07-2024				true	6	6	5	0
2	Audit Committee	12-08-2024	19			true	6	6	5	0
3	Audit Committee	27-09-2024	45			true	6	6	5	0
4	Audit Committee	19-10-2024	21			true	6	6	5	0
5	Audit Committee	22-10-2024	2			true	6	6	5	0
6	Audit Committee	16-12-2024	54			true	6	6	5	0
7	Nomination and remuneration committee	30-07-2024				true	4	4	3	0
8	Nomination and remuneration committee	03-10-2024	64			true	4	4	3	0
9	Nomination and remuneration committee	29-10-2024	25			true	4	4	3	0
10	Stakeholders Relationship Committee	18-09-2024				true	5	5	3	0
11	Stakeholders Relationship Committee	12-12-2024	84			true	5	5	3	0
12	Risk Management Committee	30-08-2024				true	6	6	3	0
13	Risk Management Committee	11-09-2024	11			true	6	6	3	0
14	Risk Management Committee	17-12-2024	96			true	6	6	3	0
15	Corporate Social Responsibility Committee	11-09-2024				true	5	5	4	0
16	Corporate Social Responsibility Committee	29-11-2024	78			true	5	5	4	0

Annexure I

V. Affirmations
Sr	Subject	Compliance status (Yes/No)
1	The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015	true
2	The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee	true
3	The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee	true
4	The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c.Stakeholders relationship committee	true
5	The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable the top 1000 listed entities)	Yes
6	The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.	true
7	The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.	true
8	This report and/or the report submitted in the previous quarter has been placed before Board of Directors.	true
9	Any comments/observations/advice of Board of Directors may be mentioned here:	Textual Information(1)

Text Block

Textual Information(1)

Corporate Governance report for the quarter ended September 30, 2024 has been placed to the Board meeting dated 23.10.2024 and the Board took note of the same.

Annexure I

Sr	Subject	Compliance status
1	Name of signatory	Sham K
2	Designation	Company Secretary and Compliance Officer

Details of Cyber security incidence

Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter		false
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter

Signatory Details

Name of signatory	Sham K
Designation of person	Company Secretary and Compliance Officer
Place	Mangaluru
Date	13-02-2025

Investor Grievance Details

No. of investor complaints pending at the beginning of Quarter		0
No. of investor complaints received during the Quarter		1
No. of investor complaints disposed off during the Quarter		1
No. of investor complaints those remaining unresolved at the end of the Quarter		0

Disclosure of Imposition of Fine or Penalty The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:

Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr.No.	Name of the authority	Nature and details of the action(s) taken or order(s) passed	Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority	Details of the violation(s)/ contravention(s) committed or alleged to be committed	Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1	Reserve Bank of India	Penalty amount of Rs 10,000 levied by the RBI	10-10-2024	Cash out in ATM	To the extent of Rs 10,000
2	Reserve Bank of India	Penalty amount of Rs 20,000 levied by the RBI	22-10-2024	Cash out in ATM	To the extent of Rs 20,000
3	Reserve Bank of India	Penalty amount of Rs 10,000 levied by the RBI	29-10-2024	Cash out in ATM	To the extent of Rs 10,000
4	Reserve Bank of India	Penalty amount of Rs 5,000 levied by the RBI	30-10-2024	Any other defeciency	To the extent of Rs 5,000
5	Reserve Bank of India	Penalty amount of Rs 10,000 levied by the RBI	30-10-2024	CCTV related penalties	To the extent of Rs 10,000
6	Reserve Bank of India	Penalty amount of Rs 10,000 levied by the RBI	12-11-2024	Any other defeciency	To the extent of Rs 10,000
7	Reserve Bank of India	Penalty amount of Rs 10,000 levied by the RBI	12-11-2024	Cash out in ATM	To the extent of Rs 10,000
8	Reserve Bank of India	Penalty amount of Rs 10,000 levied by the RBI	31-12-2024	Cash out in ATM	To the extent of Rs 10,000