Interim report
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$ Karnataka Bank Ltd. Your Family Bank. Across India. Regd. & Head Office Post Box. No.: 599, Mahaveera Circle Kankanady Mangaluru - 575 002 Phone :0824-2228222 E-Mail : comsec@ktk.bank.in Website : www.karnatakabank.bank.in GIN : L85110KA1924PLC001128 SECRETARIAL DEPARTMENT HO:SEC: 199 :2026-27 The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra-Kurla Complex, Bandra (E) MUMBAI - 400051 NSE Scrip Code: KTKBANK Madam / Dear Sir, Sub: Outcome of the Board Meeting Date: 28.10.2026 The Manager Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street MUMBAI - 400001 BSE Scrip Code: 532652 Ref: Our letter ref. no.: HO:SEC: 191:2026-27 dated October 16, 2026 Unaudited, Reviewed Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026 In reference to our aforesaid intimation dated October 16, 2026 and pursuant to the Regulations 30, 33, 51, 52 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Unaudited, Reviewed Standalone and Consolidated Financial Results of the Bank for the quarter and half year ended September 30, 2026, approved by the Board of Directors in their meeting held today i.e., on Wednesday, October 28, 2026. Further, the following documents are being enclosed herewith: i. The Limited Review Report of the Statutory Auditors for the quarter and half year ended September 30, 2026, which contains an unmodified opinion. ii. Unaudited, Reviewed Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026. iii. The Security Cover Certificate as on September 30, 2026, on non-convertible debt securities in terms of Regulation 54 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. iv. The Utilisation Certificate and Statement of Material Deviation for the quarter ended September 30, 2026, as per Regulations 32 (1), 52 (7) and 52 (7 A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 1
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It is informed that the Board Meeting commenced at 10:40 AM and the Unaudited, Reviewed Standalone and Consolidated Financial Results of the Bank for the quarter and half year ended September 30, 2026, which was approved by the Board at 02:15 PM is being disclosed to the Stock Exchanges, since it is an Unpublished Price Sensitive Information (UPSI). The Board Meeting is continuing for consideration of the remaining agenda items. This is for your kind information and dissemination. Yours faithfully, ShamK Company Secretary & Compliance Officer \~ 2
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R.G.N. Price & Co. Chartered Accountants "Pinnacle" No.3503, 3rd Floor, 14th Main, H.A.L 2nd Stage, Indiranagar, Bengaluru - 560 008 Batliboi & Purohit Chartered Accountants 2nd Floor, National Insurance Building, 204, Dadabhoy Navroji Road, Fort, Mumbai - 400 001 Independent Auditors' Limited Review Report on Unaudited Standalone Financial Results of the Karnataka Bank Limited, pursuant to Regulation 33 and Regulation 52 read with Regulation 63 (2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) for the quarter ended September 30, 2016 and year to date results for the period from April 1, 2026 to September 30, 2026 Review Report to the Board of Directors of The Karnataka Bank Limited 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of The Karnataka Bank Limited ('the Bank') for the quarter ended September 30, 2026 and year to date results for the period from April 1, 2026 to September 30, 2026 ('the Statement'), being prepared and submitted by the Bank pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "SEBI Regulations") except for the disclosures relating to Pillar 3 disclosures as at September 30, 2026 including leverage ratio, liquidity coverage ratio and net stable funding ratio under the Basel III Capital Regulations as at September 30, 2026 as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement which have not been reviewed by us. The Statement has been initialled by us for identification. 2. This Statement, which is the responsibility of the Bank's Management and approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 'Interim Financial Reporting' ('AS-25'), as prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder, in so far as they apply to banks, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and master directions issued by the Reserve Bank of India ('the RBI') from time to time ('the RBI Guidelines') as applicable, and other accounting principles generally accepted in India and- is in compliance with the SEBI Regulations. Our responsibility is to issue a report on the Statement based on our review.
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R.G.N. Price & Co. Chartered Accountants Batliboi & Purohit Chartered Accountants 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Bank's personnel and analytical & other review procedures applied to financial data and thus provides less assurance than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the Statement, prepared in accordance with the aforesaid accounting standards and other recognized accounting practices, policies and principles generally accepted in India in so far as they apply to banks, and circulars and guidelines issued by the RBI from time to time, has not disclosed the information required to be disclosed in terms of the SEBI Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, provisioning and other related matters, except for the disclosures relating to Pillar 3 disclosures as at September 30, 2026 including leverage ratio, liquidity coverage ratio and net stable funding ratio under the Basel Ill Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement which have not been reviewed by us. Other Matter 5. The review of unaudited standalone financial results of the Bank for the quarter ended June 30, 2026 and for the quarter and half year ended September 30, 2025 and audit of annual standalone financial results for the year ended March 31, 2026 were conducted by M/ s. Ravi Rajan & Co LLP and M/s. R.G.N. Price & Co., Chartered Accountants the joint statutory auditors of the Bank who had expressed unmodified conclusion / opinion, as the case may be,
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R.G.N. Price & Co. Chartered Accountants Batliboi & Purohit Chartered Accountants on those financial results vide their limited review reports dated July 29, 2026 and November 8, 2025 respectively and their audit report dated May 19, 2026. Accordingly, M/s. Batliboi & Purohit, Chartered Accountants, do not express any conclusions / opinion, as the case may be, on the figures reported in the Statement for the quarter ended June 30, 2026, quarter and half year ended September 30, 2025 and the year ended March 31, 2026. Our conclusion is not modified in respect of the above matter. For R.G.N. Price & Co. Chartered Accountants Firm Registration No. 002785S Sriraam Alevoor M Partner Membership No. 221354 UDIN: 26221354WXAEYS3971 Date: 28th October 2026 Place: Man galuru For Batliboi & Purohit Chartered Accountants Firm Registration No. 101048W 7 Parag Hangekar Partner Membership No. 110096 UDIN: 26110096JTHHSI9756 Date: 28th October 2026 Place: Mangaluru
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R.G.N. Price & Co. Chartered Accountants "Pinnacle" No.3503, 3rd Floor, 14th Main, H.A.L 2nd Stage, Indiranagar, Bengaluru - 560 008 Batliboi & Purohit Chartered Accountants 2nd Floor, National Insurance Building, 204, Dadabhoy Navroji Road, Fort, Mumbai - 400 001 r Independent Auditors' Limited Review Report on Unaudited Consolidated Financial Results of the Karnataka Bank Limited, pursuant to Regulation 33 and Regulation 52 read with Regulation 63(2)of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) for the quarter ended September 30, 2026 and year to date results for the period from April 1, 2026 to September 30, 2026 Review Report to the Board of Directors of The Karnataka Bank Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of The Karnataka Bank Limited ('the Holding Company' or 'the Bank') and its Subsidiary, namely KBL Services Limited (the Holding Company and its Subsidiary together referred to as 'the Group') for the quarter ended September 30, 2026 and year to date results for the period from April 1, 2026 to September 30, 2026 ('the Statement'), being prepared and submitted by the Bank pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "SEBI Regulations''), except for the disclosures prescribed by the Reserve Bank of India relating to consolidated Pillar 3 disclosures as at September 30, 2026 including leverage ratio, liquidity coverage ratio and net stable funding ratio under the Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement, which have not been reviewed by us. 2. The Statement is the responsibility of the Bank's Management and has been approved by the Bank's Board of Directors. The Statement has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard - 25 'Interim Financial Reporting' (AS-25'), as prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder, in so far as they apply to banks, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and master directions issued by the Reserve Bank of India ('the RBI') from time to time ('the RBI Guidelines') as applicable and other accounting principles generally accepted in India and is in compliance with the SEBI Regulations. Our Responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Cl;tartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Sectio _,_,,. ~,....... Companies Act, 2013 and consequently does not enable us to obtain ass '-:::::="--'=~ ould be ··~~ ~===="'= ~~~- of all
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R.G.N. Price & Co. Chartered Accountants Batliboi & Purohit Chartered Accountants significant matters that might be identified in an audit. We have not performed an audit and accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the SEBI Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: a) Holding Company - The Karnataka Bank Limited; b) Subsidiary - KBL Services Limited. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review repor t of the other auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the Statement, prepared in accordance with the aforesaid accounting standards and other recognized accounting practices, policies and principles generally accepted in India in so far as they apply to banks, and circulars and guidelines issued by the RBI from time to time, has not disclosed the information required to be disclosed in terms of the SEBI Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, provisioning and other related matters, except for the disclosures relating to Consolidated Pillar 3 disclosures as at September 30, 2026 including leverage ratio, liquidity coverage ratio and net stable funding ratio under the Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement which have not been reviewed by us. Other Matter 6. We did not review the interim financial results of the Subsidiary, included in the Statement, whose financial information reflects total assets of Rs. 3.33 Crores (before consolidation adjustments) as at September 30, 2026, total revenues of Rs. Rs. 6.29 Crores (before consolidation adjustments), total net profit after tax of Rs. 0.15 Crores (before consolidation adjustments) and net cash flows of Rs. (1.29) Crores (before consolidation adjustments) for the period from April 1, 2026 to September 30, 2026, as considered in the Statement. These interim financial results have been reviewed by the other auditor whose review report has been furnished to us by the management, and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this Subsidiary, is based solely on the review report of such other auditor, and the procedures performed by us as stated in paragraph 3 above. 7. The review of Unaudited Consolidated Financial Results of the Bank for the quarter ended June 30, 2026 and for the quarter and half year en . er 30, 2025 and audit of annual consolidated financial results for the year ended ere co ~~= / s. Ravi Rajan & Co. LLP and M/ s. R.G.N. Price & Co., µ.nt ::j~ // ~
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R.G.N. Price & Co. Chartered Accountants Batliboi & Purohit Chartered Accountants auditors of the Bank, who had expressed their unmodified conclusions / opinion, as the case may be, on those financial results vide their limited review reports dated July 29, 2026 and November 8, 2025 respectively and their audit report dated May 19, 2026. Accordingly, M/ s Batliboi & Purohit, Chartered Accountants, do not express any conclusions / opinion, as the case may be, on the figures reported in the Statement for the quarter ended June 30, 2026, quarter and half year ended September 30, 2025 and the year ended March 31, 2026. Our conclusion is not modified in respect of the above matters. For R.G.N. Price & Co. Chartered Accountants . Registration o. 002785S Srira m Alevoor Partner Membership No. 221354 UDIN: 26221354UJHSQH9790 Date: 28th October 2026 Place: Mangaluru For Batliboi & Purohit Chartered Accountants y!ionNo. 101048W Parag Hangekar Partner Membership No. 110096 UDIN: 26110096XSUKWS9969 Date: 28th October 2026 Place: Mangaluru
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THE KARNATAKA BANK LIMITED, REGO. & HEAD OFFICE, MANGALURU -575002 CIN : L85110KA1924PLC001128 STANDALONE UNAUDITED FINANCIAL RESULTS FOR/AS ON QUARTER/HALF YEAR ENDED SEPTEMBER 30, 2026 { in Crore For/ As on Quarter ended For/ As on Half year ended For/As on SI. Year ended No. Particulars 30-09-2026 30-06-2026 30-09-2025 30-09-2026 30-09-2025 31-03-2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Interest Earned (a+b+c+d) 2,503.87 2,382.65 2,179.18 4,886.52 4,440.46 8,917.83 a) Interest/Discount on advances/ bills 1,957.48 1,814.19 1,640.79 3,771.67 3,371.02 6,681.05 b Income on Investments 442.08 432.75 406.46 874.83 795.85 1,642.76 ) Interest on balances with Reserve Bank c of India and other interbank funds 7.36 6.66 22.04 14.02 30.87 46.50 d Others 96.95 129.05 109.89 226.00 242.72 547.52 2 Other Income 290.09 355.42 343.37 645.51 701.73 1,402.89 3 TOTALINCOME 1+2 2,793.96 2,738.07 2,522.55 5,532.03 5,142.19 10,320.72 4 1,521.43 1,444.36 1,451.06 2,965.79 2,956.74 5,799.10 5 ses (i+ii 670.31 713.37 631.45 1,383.68 1,278.12 2,547.45 I 361.06 408.56 316.49 769.62 657.62 1,297.80 309.25 304.81 314.96 614.06 620.50 1,249.65 6 TOTAL EXPENDITURE ((4+5) 2,191.74 2,157.73 2,082.51 4,349.47 4,234.86 8,346.55 excluding provisions & Contingencies) 7 Operating Profit before provisions & 602.22 580.34 440.04 1,182.56 907.33 1,974.17 contin encies 3-6 8 Provisions (other than tax) and 14.74 28.70 20.07 43.44 130.87 316.07 Contin encies 9 Exce tional Items 10 Profit (+)/Loss(-) from Ordinary 587.48 551.64 419.97 1,139.12 776.46 1,658.10 Activities before tax 7-8-9 11 Tax Ex ense 151.59 132.69 100.85 284.28 164.94 347.60 Net Profit (+)/Loss(-) from Ordinary 12 activities after Tax 435.89 418.95 319.12 854.84 611.52 1,310.50 10-11 13 Extraordinary Items (net of tax ) 14 Net Profit (+)/Loss(-) for the period 435.89 418.95 319.12 854.84 611.52 1,310.50 12-13 15 Paid up equity share capital 378.40 378.21 378.08 378.40 378.08 378.19 ace Value Rs 10/ - 16 Reserves excluding revaluation reserves 12,265.85 1· i, C -. / 1
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$ Karnataka Ban.k Ltd. For/ As on Quarter ended For/ As on Half year ended For/As on SI. Year ended No. Particulars 30-09-2026 30-06-2026 30-09-2025 30-09-2026 30-09-2025 31-03-2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 17 Analvtical Ratios ') Percentage of shares held by 1 Government of India Nil Nil Nil Nil Nil Nil ii) iii) iv) (v) (vi) (vii) (viii) (ix) (x) Capital Adequacy Ratio (%) 20.36 21.10 20.84 20.36 20.84 20.07 -Basel III Earnings per share (EPS) (Rs) before Extraordinary items (net of Tax expense) * Not Annualized -Basic EPS 11.52* 11.08* 8.44* 22.60* 16.18* 34.66 -Diluted EPS 11.50* 11.06* 8.43* 22.57* 16.15* 34.60 Earnings per share (EPS) (Rs) after extraordinary items (net of Tax expense) *Not Annualized -Basic EPS 11.52* 11.08* 8.44* 22.60* 16.18* 34.66 -Diluted EPS 11.50* 11.06* 8.43* 22.57* 16.15* 34.60 NPA Ratios as on date Gross NPA 2,091.33 2,233.25 2,453.10 2,091.33 2,453.10 2,320.93 Net NPA 668.13 736.38 975.96 668.13 975.96 803.22 % of Gross NPA 2.27 2.58 3.33 2.27 3.33 2.78 % of Net NPA 0.74 0.87 1.35 0.74 1.35 0.98 Return on Assets (Annualised) 1.26 1.29 1.03 1.27 1.00 1.05 Net worth 1 13,357.68 13,128.61 12,004.95 13,357.68 12,004.95 12,644.04 Outstanding redeemable preference Nil Nil Nil Nil Nil Nil shares Capital Redemption Reserve Nil Nil Nil Nil Nil Nil Debt-equity ratio 2 (times) 0.02 0.02 0.06 0.02 0.06 0.02 Total debts to Total assets3 (%) 4.00 3.38 1.10 4.00 1.10 4.12 1. Networth is calculated as per the Reserve Bank of India (Commercial Banks - Concentration Risk Management) Directions, 2025, dated 28th November, 2025 and amended thereafter. 2. Debt (excluding deposit) represents borrowings with residual maturity of more than one year and Equity represents total of share capital and reserves less proposed dividend. 3. Total debts represent total borrowings of the Bank and total assets is as per the balance sheet. 4. Ratios are calculated basis cumulative daily average balance. 2
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$ Kamataka Baqk _ltd. STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS ON SEPTEMBER 30, 2026 Ason Ason 30-09-2026 30-09-2025 (Unaudited) (Unaudited) CAPITAL AND LIABILITIES Capital 378.40 378.08 Reserves and Surplus 13,555.85 12,211.10 Deposits 1,15,117.15 1,02,817.19 Borrowings 5,463.77 1,308.55 Other Liabilities and Provisions 2,070.36 1,971.38 TOTAL 1,36,585.53 1,18,686.30 ASSETS Cash and balances with Reserve Bank of India 4,681.29 5,001.72 Balances with Banks and Money at Call & Short Notice 1,057.14 2,466.34 Investments 27,525.12 26,599.09 Advances 90,581.25 72,152.55 Fixed Assets 1,036.46 1,068.96 Other Assets 11,704.27 11,397.64 TOTAL- 1,36,585.53 1,18,686.30 3 (? in Crore) Ason 31-03-2026 (Audited) 378.19 12,846.27 1,08,778.75 5,329.00 2,024.39 1,29,356.60 7,063.49 672.14 26,738.80 81,809.63 1,060.06 12,012.48 1,29,356.60
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$ Karnataka Bfink ,Ltd. STANDALONE CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 (~ in Crore) Half Year ended Half Year ended Year ended 30-Sep-26 30-Sep-25 31-Mar-26 A CASH FLOW FROM OPERATING ACTIVITIES Net Profit after Tax and Extra Ordinary Items 854.84 611.52 1,310.50 Add: - Adjustments for : Provision for Tax 284.28 164.93 347.60 (Profit)/Loss on sale Fixed Assets -0.57 - -0.10 Depreciation on Fixed Assets including Lease Adjustment charges 55.65 50.17 106.47 Provisions and Contingencies 43.44 130.88 316.07 Amortisation of premium on Held to Maturity Investments 40.94 44.97 90.03 Emplovee Stock Option Compensation Expense 0.02 0.18 0.20 (Profit)/ Loss on Revaluation of Investments 3.69 427.45 -0.74 390.39 15.45 875.72 Operating Profit Before Working Capital Changes 1,282.29 1,001.91 2,186.22 Adjustment for : i) 0ncrease)/Decrease in Advances -8,675.34 4,314.57 -5,381.20 ii) (Increase)/Decrease in Other Operating Assets 264.32 -171.28 -416.39 iii) (Increase)/ Decrease in Investments -788.62 -2,114.91 -2,380.30 iv) Increase/ (Decrease) in Deposits 6,338.40 -1,990.29 3,971.26 v) Increase/ (Decrease) in Borrowings -1,024.88 - 4,461.65 vi) Increase/ (Decrease) in Other Liabilities -122.50 -4,008.62 -485.59 -447.50 -887.62 -632.60 Cash Generated from Operations -2,726.33 554.41 1,553.62 Less: Direct taxes paid 211.66 209.72 453.53 Net Cash Flow from Operating Activities (A) -2,937.99 344.69 1,100.09 B CASH FLOW FROM INVESTING ACTIVITIES Purchase of Fixed Assets -32.45 -41.01 -88.91 Sale of Fixed Assets 0.67 0.53 1.10 Net Cash used in Investing Activities (B) -31.78 -40.48 -87.81 C CASH FLOW FROM FINANCING ACTIVITIES Proceeds from issue of share capital (net of expenses) 2.09 1.16 1.87 Proceeds/ (Repayments) from long term borrowings 1,159.65 -632.00 -1,073.20 Dividend paid (Including Tax on Dividend) -189.17 -189.03 -189.03 Net Cash Generated from Financing Activities ( C) 972.57 -819.87 -1,260.36 Net Increase in Cash & Cash Equivalents (A+B+C) -1,997.20 -515.66 -248.08 Cash & Cash Equivalents as at the beginning of the period 7,735.63 7,983.71 7,983.71 Cash & Cash Equivalents as at the end of the period 5,738.43 7,468.05 7,735.63 Note: 1 The Cash Flow Statement has been prepared under the !nd1ra:J..l.1Pthod and the previous year's figures have been re-grouped wherever necessary, 2 Cash and Cash Equivalents comprise of Cash on ~f;G~&~ ve Bank of India, Balances with ~ nd Money at Call and Short Notice. '/Qi~,,,,..._,-~ , ~ .G·"· ••le~ C P.&B I * Ff?tu41e,q_, == I cf 1,1'-~ (\ . ~ • 10104 ' -, * W ~ll HO:::, r i aw* 4 'l:' -/ ~ ' 0 flt: t)·~ ... ,..~ ~..._c, ~4ccoun\~ ~ \ .f:? '.'1-'{> ~ !l.,'l?
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STANDALONE SEGMENT RESULTS FOR/AS ON QUARTER/HALF YEAR ENDED SEPTEMBER 30, 2026 (tin Crore Segment-wise Results For/ As on Quarter ended For/ As on Half year ended Year ended SI. No. 30-09-2026 30-06-2026 30-09-2025 30-09-2026 30-09-2025 31-03-2026 Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenue a' Treasurv Operations 458.13 468.78 474.45 926.91 977.20 1918.25 b' Corporate Banking 912.28 909.61 801.57 1,821.89 1,629.41 3433.09 c) Retail Banking 1,364.77 1,265.74 1,176.71 2,630.51 2,384.98 4547.80 • Digital Banking 0.16 0.16 0.13 0.32 0.28 0.57 • Other Retail Banking 1,364.61 1,265.58 1,176.58 2,630.19 2,384.70 4547.23 d' Other Banking Operations 58.32 62.49 64.10 120.81 126.92 318.59 e) Unallocated 0.46 31.45 5.72 31.91 23.68 102.99 Income From Operations 2,793.96 2,738.07 2,522.55 5,532.03 5,142.19 10,320.72 2 Segment Results a Treasurv Operations 77.62 73.99 54.21 151.61 139.54 263.43 b Corporate Banking 184.58 183.80 132.25 368.38 249.31 770.35 c) Retail Banking 357.77 309.58 264.84 667.35 527.35 853.68 • Digital Banking (0.10) (0.09) (0.08) (0.19) (0.13) (0.29) • Other Retail Banking 357.87 309.67 264.92 667.54 527.48 853.97 d) Other Banking Operations 9.76 9.20 8.45 18.96 17.63 90.18 ) Unallocated (including Provisions & e Contingencies) (42.25) (24.93) (39.78) (67.18) (157.37) (319.54) Total ProfiV(Loss) before tax 587.48 551.64 419.97 1,139.12 776.46 1,658.10 3 Segment Assets a) Treasurv Operations 33,744.08 32,714.98 34,495.99 33,744.08 34,495.99 34,931.58 b Corporate Banking 45,332.48 42,270.73 33,598.94 45,332.48 33,598.94 40,321.53 c Retail Banking 54,491.68 52,126.20 46,834.42 54,491.68 46,834.42 50,108.36 • Digital Banking 20.47 20.07 16.40 20.47 16.40 17.12 • Other Retail Banking 54,471.21 52,106.13 46,818.02 54,471.21 46,818.02 50,091.24 d) Other Banking Operations 47.59 37.35 17.03 47.59 17.03 38.48 e Unallocated 2,969.70 3,326.05 3,739.92 2,969.70 3,739.92 3,956.65 Total 1,36,585.53 1,30,475.31 1,18,686.30 1,36,585.53 1,18,686.30 1,29,356.60 4 Segment Liabilities a Treasury Operations 30,307.10 29,286.72 30,848.68 30,307.10 30,848.68 31,367.81 b Corporate Banking 40,721.85 37,843.31 30,051.93 40,721.85 30,051.93 36,215.02 c' Retail Banking 48,913.62 46,629.60 41,845.07 48,913.62 41,845.07 44,966.80 • Digital Banking 20.66 20.16 16.54 20.66 16.54 17.34 • Other Retail Banking 48,892.96 46,609.44 41,828.53 48,892.96 41,828.53 44,949.46 d) Other Banking Operations 42.73 33.42 15.22 42.73 15.22 34.54 e Unallocated 2,665.98 2,975.25 3,336.22 2,665.98 3,336.22 3,547.98 Total 1,22,651.28 1,16,768.30 1,06,097.12 1,22,651.28 1,06,097.12 1,16,132.15 5 Capital employed 13,934.25 13,707.01 12,589.18 13,934.25 12,589.18 13,224.45 PART B: GEOGRAPHIC SEGMENTS: There is only one Segment i.e. Domestic Segment 'Digital Banking' has been identified as a Sub-segment under Reta~nking by the Reserve Bank of India. As on September 30, 2026, the Bank has two DBUs.and the segment information disclosed above is related to the said DBUs ~\R, D~ - ~Ei~,9~ ~ - r····· .. , l!'~ ~'f-A s1 .,. <t QJ MUMBAI :::'.i ~ 'o ~ 1-,. I * FRN:101048W * I 5 * ~ >1 2 HO r- CJ: .., ,1 ce~ <?"-I ·~ - "' ~-1/~l\tGA\.v ,◊ ~~ ~~ "'.~,,_1,,'--:-e,.ed Acco~~.;; * 'Ce<J Accou."' - -
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$ Karnataka Bar1k Ltd. CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR/AS ON QUARTER /HALF YEAR ENDED SEPTEMBER 30, 2026 (~ in Crore For/ As on Quarter ended For/ As on Half year ended Year ended SI. No. Particulars 30-09-2026 30-06-2026 30-09-2025 30-09-2026 30-09-2025 31-03-2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Interest Earned (a+b+c+d 2,503.87 2,382.65 2,179.18 4,886.52 4,440.46 8,917.83 a Interest/Discount on advances/ bills 1,957.48 1,814.19 1,640.79 3,771.67 3,371.02 6,681.05 b Income on Investments 442.08 432.75 406.46 874.83 795.85 1,642.76 ) Interest on balances with Reserve Bank of c India and other interbank funds 7.36 6.66 22.04 14.02 30.87 46.50 d Others 96.95 129.05 109.89 226.00 242.72 547.52 2 Other Income 290.09 355.48 343.40 645.57 701.77 1,402.91 3 TOTALINCOME 1+2) 2,793.96 2,738.13 2,522.58 5,532.09 5,142.23 10,320.74 4 1,521.41 1,444.34 1,451.05 2,965.75 2,956.71 5,799.04 5 nses (i+ii 670.35 713.26 631.40 1,383.61 1,278.01 2,547.28 i 363.85 411.35 319.15 775.20 662.73 1,308.43 ii tin Ex enses 306.50 301.91 312.25 608.41 615.28 1,238.85 6 PENDITURE ((4+5) excluding 2,191.76 2,157.60 2,082.45 4,349.36 4,234.72 8,346.32 rovisions & Contin encies) 7 Operating Profit before provisions & 602.20 580.53 440.13 1,182.73 907.51 1,974.42 contin encies 3-6 8 Provisions (other than tax) and 14.74 28.70 20.05 43.44 130.85 316.07 Contin encies 9 Exce tional Items 10 Profit (+)/Loss(-) from Ordinary Activities 587.46 551.83 420.08 1,139.29 776.66 1,658.35 before tax 7-8-9 11 Tax Ex ense 151.60 132.71 100.86 284.30 164.94 347.60 Net Profit (+)/Loss(-) from Ordinary 12 activities after Tax 435.86 419.12 319.22 854.99 611.72 1,310.75 10-11} 13 Extraordinary Items (net of tax) 14 Net Profit (+)/Loss(-) for the period (12-13) 435.86 419.12 319.22 854.99 611.72 1,310.75 15 Paid up equity share capital 378.40 378.21 378.08 378.40 378.08 378.19 Face Value Rs 10/- 16 Reserves excluding revaluation reserves 12,265.62 A ~p. fl . .,,.,. ,, ~r V "<( I .? HO 1 s -t. ' ;) t,_ 11 A'- s) 1/ ' / 6
Page 15
For/ As on Quarter ended For/ As on Half year ended Year ended SI. No. Particulars 30-09-2026 30-06-2026 30-09-2025 30-09-2026 30-09-2025 31-03-2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 17 Analvtical Ratios ') Percentage of shares held by Government of 1 India Nil Nil Nil Nil Nil Nil ii) Capital Adequacy Ratio (%) 20.36 21.10 20.84 20.36 20.84 20.07 -Basel III iii) Earnings per share (EPS) (Rs) before Extraordinary items (net of Tax expense) * Not Annualized -BasicEPS 11.52* 11.08* 8.44* 22.60* 16.18* 34.67 -Diluted EPS 11.50* 11.06* 8.43* 22.57* 16.15* 34.61 Earnings per share (EPS) (Rs) after extraordinary items (net of Tax expense) *Not Annualized -Basic EPS 11.52* 11.08* 8.44* 22.60* 16.18* 34.67 -Diluted EPS 11.50* 11.06* 8.43* 22.57* 16.15* 34.61 iv) NPA Ratios as on date GrossNPA 2,091.33 2,233.25 2,453.10 2,091.33 2,453.10 2,320.93 Net NPA 668.13 736.38 975.96 668.13 975.96 803.22 % of Gross NP A 2.27 2.58 3.33 2.27 3.33 2.78 % ofNetNPA 0.74 0.87 1.35 0.74 1.35 0.98 (v) Return on Assets (Annualised) 1.26 1.31 1.04 1.27 1.00 1.05 (vi) Net worth 1 13,357.60 13,128.54 12,004.64 13,357.60 12,004.64 12,643.81 (vii) Outstanding redeemable preference shares Nil Nil Nil Nil Nil Nil (viii) Capital Redemption Reserve Nil Nil Nil Nil Nil Nil (ix) Debt-equitv ratio 2 (times) 0.02 0.02 0.06 0.02 0.06 0.02 (x) Total debts to Total assets3 (%) 4.00 3.38 1.10 4.00 1.10 4.12 1. Networth is calculated as per the Reserve Bank of India (Commercial Banks - Concentration Risk Management) Directions, 2025, dated 28th November, 2025 and amended thereafter. 2. Debt (excluding deposit) represents borrowings with residual maturity of more than one year and Equity represents total of share capital and reserves less proposed dividend. 3. Total debts represent total borrowings of the Bank and total assets is as per the balance sheet. 4. Ratios are calculated basis cumulative daily average balance. 7
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$ Kamataka 8anj5 .Ltd. CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS ON SEPTEMBER 30, 2026 Ason Ason 30-09-2026 30-09-2025 (Unaudited) (Unaudited) CAPITAL AND LIABILITIES Capital 378.40 378.08 Reserves and Surplus 13,555.77 12,210.79 Deposits 1,15,115.51 1,02,816.00 Borrowings 5,463.77 1,308.55 Other Liabilities and Provisions 2,070.79 1,971.54 TOTAL 1,36,584.24 1,18,684.96 ASSETS Cash and balances with Reserve Bank of India 4,681.29 5,001.72 Balances with Banks and Money at Call & Short Notice 1,057.14 2,466.34 Investments 27,523.37 26,597.34 Advances 90,581.25 72,152.55 Fixed Assets 1,036.59 1,069.09 Other Assets 11,704.60 11,397.92 TOTAL 1,36,584.24 1,18,684.96 8 (tin Crore) Ason 31-03-2026 (Audited) 378.19 12,846.03 1,08,777.07 5,329.00 2,024.91 1,29,355.20 7,063.49 672.14 26,737.05 81,809.63 1,060.16 12,012.73 1,29,355.20
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$ KarnataKa Baqk pd. CONSOLIDATED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 A CASH FLOW FROM OPERATING ACTIVITIES Net Profit after Tax and Extra Ordinary Items Add: Adiustrnents for : Provision for Tax Profitl/ Loss on sale Fixed Assets Depreciation on Fixed Assets including Lease Adjustment charges Provisions and Contingencies Amortisation of premium on Held to Maturity Investments Emplovee Stock Option Compensation Expense (Profit}/ Loss on Revaluation of Investments Operating Profit Before Working Capital Changes Adjustment for : i) (Increase)/Decrease in Advances ii) ancrease)/Decrease in Other Operating Assets iii) Uncrease)/Decrease in Investments iv) Increase/ (Decrease) in Deposits v) Increase/ (Decrease) in Borrowings vi) Increase/(Decrease) in Other Liabilities Cash Generated from Operations Less: Direct taxes paid Net Cash Flow from Operating Activities (A) B CASH FLOW FROM INVESTING ACTIVITIES Purchase of Fixed Assets Sale of Fixed Assets Net Cash used in Investing Activities (B) C CASH FLOW FROM FINANCING ACTIVITIES Proceeds from issue of share capital net of expenses) Proceeds/ (Repavments) from long term borrowings Dividend paid (Including Tax on Dividend) Net Cash Generated from Financing Activities ( C) Net Increase in Cash & Cash Equivalents (A+B+C) Cash & Cash Equivalents as at the beginning of the period Cash & Cash Equivalents as at the end of the period Note: Half year ended Half vear ended 30-Sep-26 30-Sep-25 854.99 611.72 284.30 164.94 -0.57 - 55.68 50.19 43.44 130.85 40.94 44.97 0.02 0.18 3.69 427.50 -0.74 390.39 1,282.49 1,002.11 -8,675.34 4,314.57 263.00 -171.56 -788.62 -2,114.91 6,339.69 -1,990.01 -1,024.88 - -122.55 -4,008.70 -485.73 -447.64 -2,726.21 554.47 211.73 209.77 -2,937.94 344.70 -32.50 -41.02 0.67 0.53 -31.83 -40.49 2.09 1.16 1,159.65 -632.00 -189.17 -189.03 972.57 -819.87 -1,99710 -515.66 7,735.63 7,983.71 5,738.43 7,468.05 1 The Cash Flow Statement has been prepared under the Indirect.Method and the previous year's figures have been re-grouped wherever necessary ({ in Crore 1 Year Ended 31-Mar-26 1,310.75 347.60 -0.10 106.52 316.07 90.03 0.20 15.45 875.77 2,186.52 -5,381.20 -416.48 -2,380.30 3,970.85 4,461.65 -887.42 -632.90 1,553.62 453.52 1,100.10 -88.92 1.10 -87.82 1.87 -1,073.20 -189.03 -1,260.36 -248.08 7,983.71 7,735.63 2 Cash and Cash Equivalents comprise of Cash on H ~~~jp~ Bank of India, Balances with Banks and tv~ nd Short Notice. /~~~ ~ MUt;A~O,:::i ~ ,~r· ~ ~1, * FRN:101048W * ~ I: j * ~ ~ 9 '-1 -h i:?. ~ ,,.._, ~ ,..I, ~(f; r(> , - ~\.~ ered AccO~/ '··rL_~'1
Page 18
$ Kamataka B<wk Ltd. CONSOLIDATED SEGMENT RESULTS FOR/AS ON QUARTER/HALF YEAR ENDED SEPTEMBER 30, 2026 (~ in Crore) Segment-wise Results For/ As on Quarter ended For/ As on Half year ended Year ended SI. .------------ ----.-- --..----------.-----+-------1 No. 30-09-2026 30-06-2026 30-09-2025 30-09-2026 30-09-2025 31-03-2026 Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenue a' Treasury Operations b' Corporate Banking c' Retail Banking - Digital Banking - Other Retail Banking d Other Banking Operations e' Unallocated Income From Operations 2 Segment Results a 1 Treasury Operations b) Corporate Banking c' Retail Banking - Digital Banking - Other Retail Banking d) Other Banking Operations ) Unallocated (including Provisions & e Contingencies) Total Profit/(Loss) before tax 3 Segment Assets a) Treasury Operations b) Corporate Banking c) Retail Banking - Digital Banking -Other Retail Banking d) Other Banking Operations 458.13 912.28 1,364.77 0.16 1,364.61 58.38 2,793.96 77.63 184.58 357.79 (0.10) 357.89 9.80 (42.34) 587.46 33,742.33 45,332.48 54,491.68 20.47 54,471.21 47.59 468.78 474.45 926.91 909.61 801.57 1,821.89 1,265.74 1,176.71 2,630.51 0.16 0.13 0.32 1,265.58 1,176.58 2,630.19 62.49 64.14 120.87 31.51 5.71 31.91 2,738.13 2,522.58 5,532.09 74.00 54.24 151.63 183.86 132.29 368.44 309.64 264.91 667.43 (0.09) (0.08) (0.19) 309.73 264.99 667.62 9.20 8.44 19.00 (24.87) (39.80) (67.21) 551.83 420.08 1,139.29 32,713.23 34,494.24 33,742.33 42,270.73 33,598.94 45,332.48 52,126.20 46,834.42 54,491.68 20.07 16.40 20.47 52,106.13 46,818.02 54,471.21 37.35 17.03 47.59 e) Unallocated 2,970.16 3,326.55 3,740.33 2,970.16 Total 1,36,584.24 1,30,474.06 1,18,684.96 1,36,584.24 4 Segment Liabilities a) Treasurv Operations 30,305.52 29,285.14 30,847.16 30,305.52 b) Corporate Banking 40,721.84 37,843.30 30,051.98 40,721.84 c) Retail Banking 48,913.61 46,629.57 41,845.14 48,913.61 - Digital Banking 20.66 20.16 16.54 20.66 - Other Retail Banking 48,892.95 46,609.41 41,828.60 48,892.95 d' Other Banking Operations 42.73 33.42 15.22 42.73 e' Unallocated 2,666.38 2,975.68 3,336.59 2,666.38 Total 1,22,650.08 1,16,767.11 1,06,096.09 1,22,650.08 5 Capital employed 13,934.16 13,706.95 12,588.87 13,934.16 977.20 1,918.29 1,629.41 3,433.09 2,384.98 4,547.80 0.28 0.57 2,384.70 4,547.23 126.96 318.57 23.68 102.99 5,142.23 10,320.74 139.57 263.50 249.37 770.45 527.45 853.82 (0.13) (0.29) 527.58 854.11 17.66 90.17 (157.39) (319.59) 776.66 1,658.35 34,494.24 34,929.83 33,598.94 40,321.53 46,834.42 50,108.36 16.40 17.12 46,818.02 50,091.24 17.03 38.48 3,740.33 3,957.00 1,18,684.96 1,29,355.20 30,847.16 31,366.26 30,051.98 36,215.05 41,845.14 44,966.83 16.54 17.34 41,828.60 44,949.49 15.22 34.54 3,336.59 3,548.30 1,06,096.09 1,16,130.98 12,588.87 13,224.22 PART B: GEOGRAPHIC SEGMENTS: There is on!_• - ~ t i.e. Domestic Segment 'Digital Banking' has been identified as a s~i QJ;& Banking by the Reserve Bank of India~ r r 30, 2026, the B~ .tl. PR~ _and the segment information disclosed above is re ~ sai~ /;..,,"<'/ 1~ .. f~~ J\.. ,.
Page 19
$ Karnataka Bank ,Ltd. NOTES FORMING PART OF THE UNAUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026. 1. The above unaudited standalone and consolidated financial results ('the financial results') for the quarter and half year ended September 30, 2026 have been reviewed by the Audit Committee of the Board at the meeting held on October 27, 2026 and recommended for approval to and approved by the Board of Directors at its meeting held on October 28, 2026. The same has been subjected to limited review by the Joint Statutory Auditors of the Bank M/ s. R.G.N. Price & Co., Chartered Accountants and M/ s. Batliboi & Purohit, Chartered Accountants as per the requirements of The Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended ('SEBI LODR') who have issued an unmodified conclusion on the same. The financial results for the quarter and half year ended September 30, 2025, year ended March 2026 and quarter ended June 30, 2026 were reviewed/ audited by the Joint Statutory Auditors, M/ s. Ravi Rajan & Co. LLP, Chartered Accountants and M/ s. R.G.N. Price & Co., Chartered Accountants. 2. These financial results have been prepared in accordance with the Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder, to the extant applicable to the Bank, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by RBI, from time to time ('RBI Guidelines') and other accounting principles generally accepted in India, and is in compliance with the presentation and disclosure requirements of the SEBI LODR. 3. The unaudited consolidated financial results of the Group comprise of the unaudited financial results of The Karnataka Bank Ltd ('the Bank') and its wholly owned subsidiary - KBL Services Ltd. 4. The Bank has applied its significant accounting policies in the preparation of these financial results consistent with those followed in the annual financial statements. Any circular / direction issued by RBI is implemented prospectively when it becomes applicable, unless specifically required under those circulars / directions. 11
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5. The financial results have been arrived at after considering the provisions on the basis of extant guidelines/ directives issued by the RBI on Advances, Restructured Accounts, Non Performing Assets, exposure to entities with Un-Hedged Foreign Currency, Non Performing Investments and fair valuation on Investments, provision for employees' retirement benefits like pension, gratuity, leave encashment and unused sick leave as per actuarial valuations, Income Tax and other usual and necessary provisions on estimates . 6. Other income includes fees earned from providing services to customers, commission from non-fund based banking activities, earnings from foreign exchange and derivative transactions, selling of third-party products, profit on sale of investments (net), Mark-to Marget (MTM) on investments under Fair Value Through Profit or Loss (FVTPL)/Held For Trading (HFT), recovery in written-off accounts etc. 7. As per RBI Direction RBl/2026-27 /79 DOR.CAP.REC.No .68/21.01.002/2026-27 Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Fifth Amendment Directions, 2026 dated 8th May 2026, the Bank has considered the eligible profits for the quarter and half year ended September 30, 2026, as determined in accordance with the extant RBI Directions, while computing the Capital to Risk-Weighted Assets Ratio (CRAR). 8. As per RBI Direction RBl/2026-27 /83 DOR.MRG.REC.No.71/00-00-001/2026-27 Reserve Bank of India (Commercial Banks - Classification, Valuation, and Operation of Investment Portfolio) Second Amendment Directions, 2026 dated 18th May 2026, the Bank has transferred the entire balance of Rs. 127.00 Crore from the Investment Fluctuation Reserve (IFR) to Revenue Reserve (Revenue and Other Reserves) during the quarter ended June 30, 2026. 9. As per RBI Master Direction RBI/DOR/2025-26/167 DOR.ACC.REC.No.86/ 21.04.018/ 2025-26 Reserve Bank of India (Commercial Banks - Financial Statements: Presentation and Disclosures) Directions, 2025 dated 28th November, 2025 and amended thereafter, disclosure for loan transferred/ acquired from/to Asset Reconstruction Companies/ Permitted Transferee/ other transferees, during the quarter and half year ended September 30, 2026 are given below: a) The Bank has not tra ~:::::::::=~ tressed loan (Special Me • Account) a --~.... ot in default during the M.t:LM-ter:;a:t:i:-ct.,lil-a f year ended Septe 6. 12
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(For the quarter and half year ended September 30, 2025 - Nil). b) The Bank has not transferred any Non-Performing Assets (NPAs)/ Technical written off Accounts (TWOs) during the quarter and half year ended September 30, 2026. Details of Non-Performing Assets (NPAs)/Technical written off Accounts (TWOs) transferred during the quarter ended September 30, 2025 are furnished hereunder: (~ in crore, except for number of borrower accounts & tenor in years) To Asset To Permitted To Other Particulars Reconstruction Transferee Trans£ ere es Companies (ARCs) No of Accounts. 70 - - Aggregate Principal 313.62 - - Outstanding of Loans Transferred. Weighted Average Residual 2.42 - - Tenor of the Loans Transferred (years) Net Book Value of Loans 0.62 - - Transferred. # (at the time of transfer). Aggregate Consideration 42.50 - - Additional Consideration Realized in respect of Accounts - - - Transferred in Earlier Years. # Includes Technically Written Off Accounts . c) The Bank has not acquired any stressed loan through assignment during the quarter and half year ended September 30, 2026. (For the quarter and half year ended September 30, 2025 - Nil). Details of loan not in default acquired through transfer of loan exposures during the half year ended September 30, 2026 are furnished hereunder: Particulars Aggregate amount of loans acquired ~ in crore 13 From SCBs, RRBs, Co-operative Banks, AIFis, SFBs and NBFCs including Housing Finance Com anies (HFCs Rs 175.00 Crores From ARCs
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From SCBs, RRBs, From Co-operative Banks, AIFis, ARCs Particulars SFBs and NBFCs including Housing Finance Companies (HF Cs) Weighted average residual maturity (in 12 Years 6 Months -years ) Weighted Average Holding period by 6 Months -originator Retention of beneficial economic interest 41.67% by the originator - Tangible Securit y Covera ge 150% - External Rating of the Borrower A+ by INDIA Ratings dated -26 December 2025 (For the quarter ended September 30, 2026 - Nil). (For the quarter and half year ended September 30, 2025 - Nil). d) The Bank has not acquired any Security Receipts (SR) issued by Asset Reconstruction Companies (ARCs) during the quarter and half year ended September 30, 2026. (For the quarter and half year ended September 30, 2025 - Nil). 10. The distribution of the Security Receipts (SR's) held by Bank across the various categories of Recovery Ratings assigned to such SRs by the credit rating agencies as on September 30, 2026 Recovery Rating Band Book Cost (tin crore) RRl - RRl+ - RR2 - RR3 - RR4 - RRS - Ratin g Withdrawn - TOTAL - 11. As per RBI Master Direction RBI/DOR/2025-26/167 DOR.ACC.REC.No.86/ 21.04.018/ 2025-26 Reserve Bank of India (Commercial Banks - Financial Statements : Presentation and Disclosures) Directions, 2025 dated 28th November, 2025 and amended thereafter, details of resolution plan implemented under the resolution Framework for COVID-19 related Stress for the half-year ended September 30, 2026 are given below: 14
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$ Karnataka Bank Ltct (<. in crore) Type (A) (B) (C) (D) (E) of Borrower Exposure to accounts Of (A) Of (A) amount Of (A) amount paid Exposure to accounts classified as Standard aggregate written off by the borrowers classified as Standard consequent to debt that during the half during the half year consequent to implementation of slipped into year impl ementation of resolution plan- NPAduring resolution plan- position as at the end the half year Position as at of March 31, 2026 September 30, 2026 Personal 125.69 5.62 1.69 33.92 110.84 loans Corporate 1.57 - - 0.14 1.53 persons* Of which - - - - - MSMEs Others 8.46 - - 1.31 7.63 Total 135.72 5.62 1.69 35.37 120.00 * As defined in Section 3(7) of the Insolvency and Bankruptcy Code, 2016 12. As per RBI Master Direction RBI/DOR/2025-26/165 DOR.STR.REC.84/21.04.048/2025-26 Reserve Bank of India (Commercial Banks - Resolution of Stressed Assets) Directions, 2025 dated 28th November, 2025 read with RBI/DOR/2025-26/167 DOR.ACC.REC.No.86/ 21.04.018/ 2025-26 Reserve Bank of India (Commercial Banks - Financial Statements: Presentation and Disclosures) Directions, 2025 dated 28th November, 2025 and amended thereafter, disclosures related to project finance for the quarter ended September 30, 2026 is given below: SL No 1 Item Description Projects under implementation accounts at the beginning of the quarter* 2 Projects under implementation accounts sanctioned during the quarter 3 4 Projects under implementation accounts where DCCO has been achieved during the quarter# Projects u :::;:::;;;;-.;;::::::-.... tation accounts at the end oft ) 15 Number of accounts 201 46 35 212 Total outstanding (f. in crore) 1112.15 176.06 102.58 1185.63
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SI. No 5 5.1 5.2 5.3 6 7 7.1 7.2 8 8.1 8.2 8.3 Number Item Description of accounts Out of '4' - accounts in respect of which 29 resolution process involving extension in original/ extended DCCO, as the case may be has been invoked Out of '5' - accounts in respect of which 26 Resolution plan has been implemented Out of '5' - accounts in respect of which 3 Resolution plan is under implementation. Out of '5' - accounts in respect of which Nil Resolution plan has failed Out of '5', accounts in respect of which 1 resolution process involving extension in original/ extended DCCO, as the case may be has been invoked due to change in scope and size of the project. Out of '5', account in respect of which cost Nil overrun associated with extension in original/ extended DCCO, as the case may be, was funded Out of '7', accounts where SBCF was Nil sanctioned during financial closure and renewed continuously Out of '7', accounts where SBCF was not pre- Nil sanctioned or renewed continuously Out of '4' - accounts in respect of which Nil resolution process not involving extension in original/ extended DCCO, as the case may be has been invoked Out of '8' - accounts in respect of which Nil Resolution plan has been implemented Out of '8' - accounts in respect of which Nil Resolution plan is under implementation. Out of '8' - accounts 1n respect of which Nil Resolution plan has failed *Including disbursement/Repayment during the quarter # Including Closed and Technically Written off Accounts c,.N- PR/c~ <?-· ~ ~...,() '"~ 16 Total outstanding (t. in crore) 103.11 98.94 4.17 Nil 18.70 Nil Nil Nil Nil Nil Nil Nil
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$ Karnataka Ban~ _Ltd. 13. As per of RBI/DOR/2025-26/159 DOR.STR.REC.No.78/21.04.048 12025-26 "RBI (Commercial Banks- Transfer and Distribution of Credit Risk) Directions, 2025 11 , and amended thereafter, necessary details of Co-Lending Arrangements (CLAs) on aggregate basis are given below : (~. in Crore) SL. No. Particulars As at September 30, 2026 1 Quantum of CLAs I) Number of CLA partners (Nos) 3 II) Number of outstanding cases (Nos) 3708 III) Amount of Gross outstanding (~) 53.11 2 Weighted Average ROI(%) 10.67% 3 Fees Paid (Exclusive of GST)(~) 0.02 'durin g the quarter ) 4 Broad Sectors Unsecured business loans 5 Performance of Loans under CLA (~) I) Performing Advances : 35.89 II) Non-Performing Advances : 17.22 6 Details related to Default Loss Guarantee (~) NIL 14. Provision Coverage Ratio as at September 30, 2026, stood at 85.78% (81.05% as at September 30, 2025). 15. Notes on Segment reporting:- a) As per the guidelines of the RBI on compliance with the Accounting Standards, the Bank has adopted "Treasury Operations", "Corporate", 11 Retail 11 and "Other Banking Operations", as primary business segments for the purpose of compliance with Accounting Standard 17 on Segment Reporting issued by ICAI. b) Digital Banking sub-segment under retail segment represents balances of Digital Banking units (DBUs) opened Bank as per RBI guidelines. c) Segment revenue represents revenue from external customers. d) Capital employed for each segment has been allocated proportionate to the assets of the respective segment.
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equity shares allotted during quarter ended September 30, 2025 (1,33,014 equity shares during the half year ended September 30, 2025) of face value of~ 10/- each, pursuant to the exercise of Employee Stock Options Scheme. 17. In accordance with RBI guidelines, consolidated Pillar 3 disclosures including Leverage Ratio, Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) under the Basel III Capital Regulations have been made available on our website at following link: https:// karnatakabank.bank.in/ regulatory-disclosures. These disclosures have not been subjected to audit or limited review by the Joint Statutory Auditors of the Bank. 18. The ratios and other information which are to be disclosed as per Regulation 52(4) of SEBI LODR, have been disclos ed to the extent considered applicable . 19. Status of Investor Complaints received during the quarter and half year ended September 30, 2026 are furnished hereunder: Complaints un- Complaints Complaints Complaints Particulars resolved at the received resolved un-resolved at beginning of during the during the the end of the the period period period period For the Quarter 0 22 21 1* For the Half year 0 22 21 1* *Redressed on October 10, 2026 20. Previous period 's figures/ ratios have been regrouped/ reclassified/ reinstated, wherever necessary to conform to current period's classification and presentation. Place: Mangaluru Date: October 28, 2026 18 For and on behalf of Board of Directors ~ hat Managing Director & CEO DIN: 11165725
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$ Karnataka Bank Ltd. Regd. & Head Office P. B. No.599, Mahaveera Circle Kankanady Mangaluru - 575 002 Your Family Bank, Across India Phone :0824-2228222 E-Mail : info@ktk.bank.in Website : https://karnatakabank.bank.in CIN : L85110KA1924PLC001128 FINANCE AND ACCOUNTS DEPARTMENT Disclosure in terms of Regulation 52(4) [Chapter VJ of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 for the quarter and half year ended September 30, 2026. (Rs in crore) Standalone Standalone Consolidated Consolidated Ason/ Ason/ Ason/ Ason/ SI. for the for the half for the for the half No. Particulars quarter year ended quarter year ended ended ended 30.09.2026 30.09.2026 30.09.2026 30.09.2026 1. Debt-Equity Ratio1 0.02 0.02 0.02 0.02 (times) 2. Debt Service NA NA Covera ge Ratio 3. Interest Service NA NA Covera ge Ratio Outstanding Redeemable 4. Preference Shares Nil Nil Nil Nil (quantity and value } Capital Redemption 5. Reserve/ Debenture Redemption NA NA Reserve 6. Networth 2 13,357.68 13,357.68 13,357.60 13,357.60 7. Net Profit After Tax 435.89 854.84 435.86 854.99 (Rs. in crore ) 8. Earnin gs Per Share* Basic: 11.52* 22.60* 11.52* 22.60* Diluted: 11.50* 22.57* 11.50* 22.57* 9. Current Ratio NA NA 10. Long Term Debt To NA NA Workin g Ca pital Bad Debts to - 11. Account Receivable NA NA ~ KAs Ratio ~1". ~ nee& .~ I ::i:~ p.ccounts * ) rtiil ent * ueo<J :;:, ' ,\ 9::·1 -s- , _SJ • "
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Standalone Standalone Consolidated Consolidated Ason/ Ason/ As on/ Ason/ SL for the for the half for the for the half No. Particulars quarter year ended quarter year ended ended ended 30.09.2026 30.09.2026 30.09.2026 30.09.2026 12. Current Liability NA NA Ratio 13. Total Debts to Total 4.00 4.00 4.00 4.00 Assets3 14. Debtors Turnover NA NA 15. Inventor y Turnover NA NA 16. Operating Margin 21.55 21.38 21.55 21.38 (%) 17. Net profit Margin 15.60 15.45 15.60 15.46 (%) Sector Specific equivalent ratios, as applicable 18. Provision Coverage 85.78 85.78 85.78 85.78 Ratio(%) Gross Non- 19. Performing Assets 2.27 2.27 2.27 2.27 (GNPA ) (%) Net Non- 20. Performing Asset 0.74 0.74 0.74 0.74 (NNPA ) (%) Capital Risk 21. Adequacy Ratio 20.36 20.36 20.36 20.36 (CRAR) (%) 22. Net Interest Margin 3.17 3.19 3.17 3.19 (NIM)(%) 1 Debt (excluding deposit) represents borrowings with residual maturity of more than one year and Equity represents total of share capital and reserves less proposed dividend. 2 Networth is calculated as per the Reserve Bank of India (Commercial Banks - Concentration Risk Management) Directions, 2025, dated 28th November, 2025 and amended thereafter. 3 Total debts represent total borrowings of the bank and total assets is as per the balance sheet. *Not Annualized NA represents not applicable to the Bank. For Karnataka Bank Limited CHIEF FINANCIAL OFFICER
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R.G.N. Price & Co. Chartered Accountants "Pinnacle" No.3503, 3rd Floor, 14th Main, H.A.L 2nd Stage, Indiranagar, Bengaluru - 560 008 To The Board of Directors The Karnataka Bank Limited Mangaluru. Batliboi & Purohit Chartered Accountants 2nd Floor, National Insurance Building, 204, Dadabhoy Navroji Road, Fort, Mumbai - 400 001 23th October 2026 Independent Auditors' Certificate on Security Cover and compliance with covenants pursuant to Regulation 54 read with clause (d) of sub-regulation (1) of Regulation 56 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) for submission to Debenture Trustees 1. This certificate is issued in accordance with the terms of our engagement letter dated September 29, 2026, with The Karnataka Bank Limited ('the Bank'). 2. We, the Joint Statutory Auditors of the Bank, have been requested by the Bank to examine· and express a conclusion on the accompanying 'Annexure 1 - Security Cover Certificate' and 'Annexure 2 - Compliance with the Financial Covenants criteria' ('the Annexures') containing details of listed non-convertible debt securities ('NCDs') of the Bank outstanding as at September 30, 2026, security cover maintained against such securities, the covenants criteria as per the terms of the Information Memorandum or Debenture Trust Deed and the Bank's compliance with such covenants' ('the Statement') which has been prepared by the Bank from the unaudited books of account and other relevant records and documents maintained by the Bank, pursuant to the requirement of Regulation 54 read with Clause (d) of sub-regulation (1) of Regulation 56 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('the SEBI Regulations') and Master Circular for Debenture trustees (Circular no. HO/17 /11/12(2)2026-DDHS-PODl/I/22420/2026 dated September 28, 2026) issued by the Securities and Exchange Board of India ('the Circular'). The Statement has been initialled for identification purposes only .
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R.G.N. Price & Co. Chartered Accountants Management Responsibility Batliboi & Purohit Chartered Accountants 3. The preparation of the Annexures, including the preparation and maintenance of all accounting and other relevant supporting records and documents, is solely the responsibility of the Management of the Bank. This responsibility includes identification of covenants, the design, implementation and maintenance of internal controls relevant to the preparation and presentation of the Statement and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances. 4. The Management is also responsible for compliance with all the relevant requirements of the SEBI Regulations, the debenture trust deed and the Circular for the purpose of furnishing this Statement and for providing all relevant information to the Debenture Trustees. Auditor's Responsibility 5. Pursuant to requirements of the SEBI Regulations and the Circular, our responsibility is to provide a limited assurance on whether the Annexures as attached containing details of security cover in respect of listed NCDs of the Bank outstanding as at September 30, 2026 is in agreement with unaudited books of account, other relevant records, documents maintained by the Bank during the period ended September 30, 2026 has complied in all material aspects, with the covenants in respect of NCDs of the Bank outstanding as at September 30, 2026. 6. We conducted our examination of the Statement in accordance with the Guidance Note on Reports or Certificates for Special Purposes (Revised 2016) ('the Guidance Note') issued by the Institute of Chartered Accountants of India ('ICAI'). The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI. 7. We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements, issued by the ICAI. 8. Our scope of work did not involve us performing audit tests for the purpose of expressing an opinion on the fairness or accuracy of any of the financial i • he financial results of the Bank taken as a whole. We have not performed an aud which would be -the , '
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R.G.N. Price & Co. Chartered Accountants Batliboi & Purohit Chartered Accountants expression of an audit opinion for the purpose of this certificate. Accordingly, we do not express such opinion. 9. Accordingly, we have performed the following procedures in relation to the Statement: a. Obtained the unaudited standalone financial information and consolidated financial information of the Bank as at and for the period ended September 30, 2026. b. Verified the details of covenants criteria for the listed NCDs from the debenture trust deed. c. Obtained other information, reports, documents / records as relevant for the purpose. d. Performed necessary inquiries with the Management and obtained necessary representations. Conclusion 10. Based on the procedures performed as referred to in paragraph 9 above and according to the information and explanations provided to us by the Management of the Bank, nothing has come to our attention that causes us to believe that: a. the Statement as attached in the Annexure 1 - Security Cover Certificate and Annexure 2 - Compliance with the covenants criteria in respect of listed NCDs of the Bank outstanding as of September 30, 2026, is in all material respects, not in agreement with the unaudited books of accounts and other relevant records and documents maintained by the Bank for the period ended and as at September 30, 2026, and b. the Bank, during the period ended September 30, 2026, has not complied, in all material respects, with the covenants in respect of the listed NCDs of the Bank outstanding as at September 30, 2026. Restriction on distribution or use 11. Our work was performed solely to assist you in meeting your responsibilities in relation to your compliance with the SEBI Regulations. Our obligations in respect of this certificate are entirely separate from, and our responsibility and liability are in no way changed by, any other role we may have as the Joint Statutory Auditors of the Bank or otherwise. Nothing in this certificate, nor anything said or done in the course of or in connection with the services that are the subject of this certificate, will extend any duty of care we ma have in our capacity as Joint Statutory Auditors of the Bank.
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R.G.N. Price & Co. Chartered Accountants Batliboi & Purohit Chartered Accountants 12. This certificate is addressed to and provided to the Board of Directors of the Bank solely for the purpose of enabling the Bank to comply with the requirements of the SEBI Regulations, and therefore, this certificate should not be used, referred to or distributed for any other purpose to any other party without our prior written consent. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this certificate is shown or into whose hands it may come without our prior consent in writing. We have no responsibility to update this certificate for events and circumstances occurring after the date of this certificate. For R.G.N. Price & Co. Chartered Accountants Firm Registration No. 002785S Sriraam Alevoor M 11 1 ~ ) Jlk> j _,. {',.~ Partner 'l'"r~ !:; - h Membership No. 221354 UDIN: 26221354KVGZCA1731 Date: 28th October 2026 Place: Mangaluru For Batliboi & Purohit Chartered Accountants Firm Registration No. 101048W Farag Hangekar Partner Membership No. 110096 UDIN: 26110096VQJRBB6606 Date: 28th October 2026 Place: Mangaluru
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Regd. & Head Office P. B. No.599, Mahaveera Circle Kankanady Mangaluru - 575 002 Phone :0824-2228222 E-Mail : finaccts@ktk.bank.in Website : www.karnatakabank.bank.in CIN : L85110KA1924PLC001128 FINANCE & ACCOUNTS DEPARTMENT Disclosure in Terms of Regulation 54(3) of SEBI (LODR} Statement of Security Cover The Karnataka Bank Ltd. had earlier issued "Tier 2 Subordinated Unsecured Non-Convertible Bonds" in the nature of Debentures in accordance with the extant Reserve Bank of India (RBI) Guidelines (i.e. Master Circular - Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF) dated July 2, 2012 read with Master Circular - Basel III Capital Regulations dated July 1, 2015) which are listed on the NSE Debt Segment. The Non-Convertible Bonds issued in the nature of debentures are unsecured by the very nature of the instrument and hence the Security cover is Nil as per the terms of the Information Memorandum or Debenture Trust Deed. The details of the Debt Securities issued are as under: ISIN-wise details: SI. ISIN Facility Type of Sanctioned Outstanding Cover Security No. charge amount amount as on required required (tin Crore) 30.09.2026 (tin Crore) Unsecured Non- Convertible 1. INE614B08054 Debt Unsecured 300.00 300.00 Nil Nil Instruments in the nature of Debentures Grand Total 300.00 Details in terms of SEBI circular HO/17/11/12(2)2026-DDHS-PODl/I/22420/2026 dated September 28, 2026, is enclosed as Annexure 1.
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ANNEXUREI $ Karnataka Bank Ltd. Your Familv Bank Across India. Column A ColumnB Column Ci ColumnDii ColumnEiii ColumnFiv ColumnGv ColumnHvi Column I vii ColumnJ ColumnK ColumnL ColumnM ColumnN ColumnO Exclusive Exclusive Pari-Passu Pari-Passu Pari-Passu Assets not Elimination (amount (TotalCto offered as Related to only those items covered by this certificate Charge Charge Charge Charge Charge Security in negative) H) Carrying/book value l.:arrymg value/lJook Assets shared for exclusive charge Market value for pari passu Description bypari passu Other assets on assets where market Value for charge assets of asset for Market value is not Pari passu where market value is debt holder which there is Debt amount Particulars which this Debt for Value for ascertainable or charge not ascertainable or Debt for which (includes debt pari-Passu considere d more Total certificate Other Secured which this Assets applicable(For Assets viii applicable this certificate for which this charge than once ( due to Value(=K+L+M+ relate Debt certificate charged on Eg. Bank Balance, !For Ee. Bank being issued certificate is (excluding exclusive plus pari N) being issued issued & other items covered passu charge) Exclusive DSRA market value is debt with pari- inColumnF) basis not applicable) passu charge) Relating to Column F Book Value Book Value Yes/No Book Value Book Value ASSETS Pro,1erty,Plant and Equipment Capital Work-in- Progress Riv.ht of Use Assets Goodwill Intangible Assets Intangible Assets under Development Inveshnents Loans Inventories NIL Trade Receivables Cash and Cash Equivalents Bank Balances other than Cash and Cash fa1uivalents Others Total LIABILITIES Debt securities to which this certificate pertains Other debt sharing pari-passu charge with above debt Other Debt S11bordi1111ted debt Borrowings not to be filled NIL Bank Debt Securities Others Trade p11y11b/es Le11se Li11bilities Provisions not to be filled Others
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ANNEXUREI $ Karnataka Bank Ltd. Your Familv Bank Across India. Column A ColumnB Column Ci ColumnDii Column Eiii ColumnFiv ColumnGv ColumnHvi Column I vii ColumnJ ColumnK ColumnL ColumnM ColumnN ColumnO Exclusive Exclusive Pari-Passu Pari-Passu Pari-Passu Assets not Elimination (amount (TotalCto offered as Related to only those items covered by this certificate Charge Charge Charge Charge Charge Security in negative) H) Carrying/book value Larrymg valu e/b ook Assets shared for exclusive charge Market value for pari passu Description by pari passu Other assets on assets where market Value for charge assets of asset for Market value is not Pari passu where market value is debt holder which there is Debt amount Particulars which this Debt for Value for ascertainable or charge not ascertainable or Debt for which (includes debt pari-Passu considere d more Total certificate Other Secured which this Assets Assets viii applicable this certificate for which this charge than once (due to applicable(For Value(=K+L+M+ relate Debt certificate charged on Eg.Bank Balance, (For E11.. Bank N) being issued being issued certificate is (excluding exclusive plus pari Exclusive issued & other items covered passu charge) DSRA market value is debt with pari- inColumnF) basis not applicable) passu charge) Relating to Column F Book Value Book Value Yes/No Book Value Book Value Total Cover on Book Value Cover on Market Valueix NIL Exclusive NIL Pari-Passu Security Cover Security Cover Ratio Ratio ' This co/1111111 shall include book value of assets haviug exclusive charge and outstanding book value of debt for w/JicJJ this cert~ficate is issued. ii Tit is colmnn shall include book value o.fassets having exclusive charge and outstanding book value o.fall corresponding debt otl1er than col,mm C. iii T/1is column shall include debt.for 'lohic/1 this cert{ficate is issued haviug any pari passH charge - Mention Yes, else No. iv T/1is co/1111111 shall i11c/11de 11) book val11e of assets h11vi11g pari-pass11 charge b) 011tst1111di11g book val11e of debt for which this certificate is iss11ed 1111d c). other debt sharing pari- p11ss11 charge 111011g with debt for which certificate is iss11ed. v This col mun shall include book value of all other assets having pari passu charge and outstanding book value of corresponding debt. vi T/1is co/1111111 shall include all those assets 'Which are not charged and shall include all unsecured borrowiugs including subordinated debt and shall include only those assets 'Which are paid-for. vii !11 order to match the liability a11101111t 'With fi111111cials, it is necessary to eliminate the debt ·which has been counted more than once (i11cluded 11uder exclusive charge colwnu as also under pnri passu). On the assets side, there shall not be eli111i11atio11 as there is 110 overlap. viii Assets which are considered at Market V11l11e like La11d, B11ildi11g, Reside11ti11I/Co111111ercial Real Estate to be stated 11t Market V11l11e. Other assets h11vi11g charge to be stated 11t book rn/11e/C11rryi11g Value. ix TIie market value shall be calm lated as per the total value o_fassets 111e11tio11ed in Column 0. Vija;~ umarPH • , !CHIEF FINA CIAL OFFICER ~ r:,.1A~~ I«- ~ /' '.:?': Finanr-n " :7. , ~s ccounts 1:) partment ~ ~4NGP,..\,..\,)~ -
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Regd. & Head Office P. B. No.: 599, Mahaveera Circle Kankanady Mangaluru - 575 002 Phone :0824-2228222 E-Mail : comsec@ktk.bank.in Website : www.karnatakabank.bank.in CIN :L85110KA1924PLC001128 SECRETARIAL DEPARTMENT HO:SEC: M1 :2026-27 The Manager Listing Deparbnent National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra-Kurla Complex, Bandra (E) MUMBAI - 400051 NSE Seri Code: KTKBANK Madam / Dear Sir, Date: 28.10.2026 The Manager Corporate Relationship Deparbnent BSELimited Phiroze Jeejeebhoy Towers Dalal Street MUMBAI - 400001 BSE Seri Code: 532652 Sub: Disclosure in terms of Regulations 32 (1), 52 (7) and 52 (7 A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Statement of Deviation or Variation for the quarter ended September 30, 2026 With reference to disclosure to be made under Regulations 32 (1), 52 (7) and 52 (7 A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Bank has not raised BASEL III compliant, unsecured debt instruments in the nature of Debentures during the quarter ended September 30, 2026. However, during the quarter ended September 30, 2026, the Bank issued equity share capital by way of allobnent of equity shares pursuant to the exercise of vested ESOPs. The details of the capital instruments raised in the earlier quarters for the capital adequacy purposes in terms of the Reserve Bank of India guidelines and which are listed on NSE Debt Segment and outstanding as on September 30, 2026, with the status of utilisation are as under: Instrument Issue Date of Rate of Whether Whether the purpose ISIN Amount Issue interest fully for which the funds (Rs. Crore) utilised were raised has been achieved? Series VII- 300.00 30.03.2022 10.70% Yes Yes. Funds were INE614B08054 p.a. raised for capital adequacy purpose and the purpose has been achieved.
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Further, information as required under SEBI Circular No.: HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026, is enclosed in Annexure I and Annexure II. Yours faithfully, ~ ShamK Company Secretary & Compliance Officer I °\'1
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Annexure-I Statement on Deviation/Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement, etc. (As per Regulation 32 (1) of SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015) A. Statement on deviation/ variation in utilisation of funds raised: NIL Particulars Remarks Name of listed entit y The Karnataka Bank Limited Mode of fund raisin g Date of raisin g funds Not Applicable Amount raised Report filed for quarter ended 30.09.2026 Monitorin g agency name, if applicable Is there a deviation/ variation in use of funds raised? If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders Not Applicable If yes, date of shareholder approval? Explanation for the deviation / variation Comments of the audit committee after review Comments of the auditors, if any Objects for which funds have been raised and where there has been a deviation / variation, in the followin g table: Original Modified Original Modified Fund Utilized Amount of deviation/ variation for Remarks, if any object object, if any allocation allocation, if the quarter according to applicable any object (in Rs. crore and in%) Not Applicable Deviation or variation could mean: a. Deviation in the objects or purposes for which the funds have been raised, or b. Deviation in the amount of funds actually utilized as against what was originally disclosed or c. Chan ge in terms of a contract referred to in the fund-raisin g document, i.e., pros pectus, letter of offer, etc. ~ Name of Signatory: Sham K ~ Designation: Company Secretary & Compliance Officer Date: 28.10.2026
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Annexure- II Statement on Deviation/Variation in Utilization of Funds Raised (As per Regulation 52 (7) and 52 (7 A) of SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015) A Statement on utilization of issue proceeds: Name of ISIN Mode of Type of Date of Amount Funds Any If 8 is Yes, then Remarks, the Issuer Fund instrument raising Raised utilized deviation specify the if any Raising funds (Rs. in (Yes/ purpose for (Public issues/ crore) No) which the funds Private were utilized placement) 1 2 3 4 5 6 7 8 9 10 The Basel III Karnataka INE614B08054 Private compliant 30.03.2022 300.00 Yes No Not Applicable Nil Bank Placement Tier 2 Limited Bonds B. Statement on deviation/ variation in utilisation of funds raised: NIL Particulars Remarks Name of listed entity The Karnataka Bank Limited Mode of fund raisin g Date of raisin g funds Not Applicable Amount raised Report filed for quarter ended 30.09.2026 Monitorin g agency name, if applicable Is there a deviation/ variation in use of funds raised? If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders Not Applicable If yes, date of shareholder approval? Explanation for the deviation / variation Comments of the audit committee after review Comments of the auditors, if any
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Particulars Remarks Objects for which funds have been raised and where there has been a deviation / variation, in the followin g table: Original Modified Original Modified Fund Utilized Amount of deviation/variation Remarks, if any object object, if any allocation allocation, if any for the quarter according to applicable object (in Rs. crore and in%) Not Applicable Deviation or variation could mean: a. Deviation in the objects or purposes for which the funds have been raised, or b. Deviation in the amount of funds actually utilized as against what was originally disclosed or c. Chan ge in terms of a contract referred to in the fund-raisin g document, i.e., pros pectus, letter of offer, etc. ~ Name of Signatory: Sham K ~ Designation: Company Secretary & Compliance Officer Date: 28.10.2026