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TRANSCRIPT
Analysis of Financial Results
March 2018
2
Table of Contents
Annexure
Financial Performance
Business Strategy
Company Overview
3
Time tested Bank with over 94 years of banking history 1.
Pan-India footprint2.
Robust technology and risk management systems3.
Strong productivity, capital adequacy ratios4.
Experienced management team & Professional Board5.
Company Overview
Highest Standards of Corporate Governance6.
7. Consistent track record of profit since inception
8. Powered by KBL – VIKAAS for Total Transformation
4
• Business Turnover of ` 1,10,123
crore as on 31.03.2018.
• Networth of ` 5,410 crore as on
31.03.2018.
• Market capitalization of ` 3,247
crore as on 31.03.2018.
• 2,176 service outlets with 800
branches, 2 Extension Counters
and 1,374 ATMs in 535 centres
across India as on Mar 31, 2018.
• Offers wide variety of corporate
and retail banking products and
services to over 9.7 million
customers.
• Incorporated in 1924, Karnataka
Bank is one of the oldest time
tested private sector Banks.
1995
1977
1960-66 • Took over Sringeri Sharada Bank Ltd, Chitaldurg Bank & Bank of Karnataka, Hubli.
• Became an authorised dealer of foreign exchange
• Public issue of 45 lakh equity shares in October 1995
2000 • Implementation of “Finacle” CBS
2002• Bancassurance tie-up with MetLife• Maiden bonus issue in the ratio of 1:1
2005 • Completed 2:1 rights issue to raise ` 160 crs
2006
• Floated general insurance JV along with Allahabad Bank, Indian Overseas Bank, DaburInvestments and Sompo Japan Insurance
• Launched CDSL-DP services at select branches
1924• Incorporated on 18th February 1924 at Mangalore by Late B R Vyasarayachar & other leading
members of the South Kanara Region
2003 • Right issue in the ratio of 1:2
2007 • Completion of 100% core banking
2009 • Compliance with Basel-II norms
2010 • Maiden QIP aggregate ` 160.83 crs.
2012
• Business Turnover crossed the milestone of ` 50,000 crore• No. of branches crossed 500• Average turnover per branch crossed ` 100 crore• Launched ASBA facility
2011 • Right issue of ` 457.03 crore in the ratio of 2:5.• Launched Online Trading facility
History & Evolution
2013 • Secured ISO 27001 : 2005 Certificate from NQA
• Business turnover crossed the milestone of ` 75,000 crore2014
• Unveiled KBL – VISION 2020 & adopted Vision Statement• No. of ATMs crossed 1,000
2015
• Completed 1:2 rights issue to raise ` 658.96 crs2016
• Business turnover crossed the historic milestone of ` 1,00,000 crore• Formed Investor Relation Cell• Networth of the Bank crossed ` 5,000 crs
2017
Awards & accolades received during the FY 2017-18:
IBA – Banking Technology Awards 2018 under Small Bank Category:
Technology Bank of the Year,
Best Payments Initiatives,
Best use of Digital & Channels Technology.
ASSOCHAM Social Banking Excellence Award 2017:
Winner – Best Social Bank under Small Bank Category.
BFSI Awards 2018 instituted by ET NOW:
Winner - Bank with more Rural Branch expansion,
Winner - Bank with Leading Financial Inclusion initiatives.
Appreciation Certificate for „Impactful Financial Inclusion through Innovations &
Processes‟, instituted jointly by Union Bank of India & CNBC TV18.
5
Awards & Accolades
6
Shri Raghavendra Bhat M, Chief
General Manager, receiving the Best
Financial Services & Foreign Exchange
Earner in Southern Region award for
2016-17 from Sri M Venkaiah
Naidu, Hon‟ble Vice President of
India, at Chennai on 18.01.2018, for the
support extended to export
business, under Gold category.
Shri Manjunatha Bhat B K, General
Manager, receiving the ET Now BFSI
awards, 2018 from Sri Narendra M, ex-
CMD of IOB, at Mumbai on
14.02.2018, under the categories
viz., Bank with more Rural Branch
expansion and Bank with leading
Financial Inclusion initiatives.
7
Pan-India footprintPan-India Presence
Total 2,176 service outlets – 800 branches, 2 Extension
Counters & 1,374 ATMs
Total 33 e-Lobbies & 127 mini e-Lobbies
Specialized branches for Forex, Industrial, Agriculture,
MSME, Corporate business & Financial Inclusion
111 Financial Inclusion branches, 37 Ultra Small branches
Expanding network in northern India also.
25
21
2
4
24
7
10
9
3
492
21
7
51
8
1
7
7
52
11
5
20
Has the strongest presence in South India with 622 branches
No of branches & ATMs
Area wise distribution of branches (Mar „18)
725 765 800
1,275 1,380 1,374
Mar '16 Mar '17 Mar '18
Branches ATMs
Metro
28%
Urban
27%Semi
Urban24%
Rural
21%
Top 5 States:Karnataka (492), Tamilnadu(52), Maharashtra (51), Andhra Pradesh (36), Delhi (24)
1720
36
1
8
Robust technology platform and risk management systems
Strong technology platform
Pioneer in implementing “Finacle” (CBS) amongst the old generation private sector banks
State-of-art IT set up which has enabled Anytime Anywhere Banking through alternate delivery
channels such as ATMs, VISA International Debit Card, RUPAY Debit Card, Internet Banking,
Mobile Banking, IMPS, e-lobby etc.
Enabled Online Account Opening, implemented „M-Passbook‟ (Mobile Passbook), „KBL Apna
App‟ (SMS Banking) etc as additional facilities for the convenience of customers.
Also offers other products such as NGRTGS, NEFT, NECS, CTS, Online Trading, ASBA facility,
Gift Card, Travel Card, Biometric Smart Card under Financial Inclusion, PoS Network, Online
inward remittance facility to NRIs etc.
Implemented Lending Automation Processing System (LAPS) software for efficient life cycle
management of loan accounts and improved monitoring.
Implemented an Enterprise Level Fraud Risk Management System (ELFRMS) for effective cyber
fraud prevention across delivery channels.
Launched Mobile Banking App on Unified Payment Interface (UPI) Platform branded
“KBL SMARTz”, which is recently renamed as “BHIM KBL UPI”.
The existing “ISO 27001:2013” certificate encompassing the Information Security Management
System (ISMS) at the Bank‟s Data Centre, Near line Site [NLS] at Bengaluru and Information
Technology Department including the DR site [IT & DR] at Head Office, Mangaluru, has been
renewed by AJA Registrars, UK, for a further period of three years up to March 2019, reflecting
the Bank‟s continued commitment to technology adoption.
9
Robust technology platform and risk management systems
Effective risk management system
Periodical monitoring & reviewing of risk profile of the bank.
Internal Credit Rating of all the borrowers: Credit exposure above INR 25 lakh are ratedborrower-wise and credit facilities below INR 25 lakh & all schematic advances includingagri-credit proposals are rated under „Pool based approach‟.
Continuous offsite surveillance of borrower accounts.
Effective ALM/mid office set up to monitor Liquidity risk/ Market risk on a continuousbasis.
To effectively control possible frauds in “online transactions” done by customers, enterpriselevel fraud risk management solution is implemented.
For effective Operational risk management:
o Bank is building up a database of internal Loss data, near- miss cases and otherOperational risk events, since Sept 2007.
o Bank has an effective AML monitoring system to scrutinize the customer transactions toensure compliance to the extant guidelines.
Bank has taken all necessary steps for migration to „Basel II advanced approaches‟ underCredit, Market and Operational Risk and also complied with the extant „Basel III‟ guidelinesof RBI.
Bank has implemented a scientific Fund Transfer Pricing (FTP) & Customer ProfitabilityManagement System (CPMS) to assess the performance of branches / products / portfolios /customers.
10
Financial strength of the Bank
Market capitalization (` crs)
1,929
3,9753,247
0
2,000
4,000
Mar '16 Mar '17 Mar '18
Networth (` crs)
283283188
5,1284,860
3,502
5,143
3,691
5,410
0
2,000
4,000
Mar '16 Mar '17 Mar '18
Capital Reserves
Highlights – Q4 FY 18
11
KPAs3 Months 12 Months
Q4 FY 18 Q4 FY 17 Q4 FY 18 Q4 FY 17
Net profit 11.00 138.38 325.61 452.26
Operating profit 475.33 329.27 1,473.16 995.80
Turnover 1,10,123 93,649 1,10,123 93,649
Return on Asset 0.06% 0.85% 0.49% 0.74%
Earning per Share * 11.52 19.38 11.52 19.38
Return on Equity 0.81% 10.83% 6.17% 10.24%
Net Interest Margin 3.54% 2.41% 3.18% 2.79%
Gross NPA 4.92% 4.21% 4.92% 4.21%
Net NPA 2.96% 2.64% 2.96% 2.64%
Cost to Income 43.14% 50.40% 47.61% 56.70%
CRAR (Basel III) 12.04% 13.30% 12.04% 13.30%
(` crs)
* Annualized
12
Return and Capital Adequacy Ratios
11.73% 10.24%
6.17%
0%
5%
10%
15%
20%
Mar '16 Mar '17 Mar '18
Return on Equity (%) (after tax) Return on Assets (%) (after tax)
0.76% 0.74%
0.49%
0.0%
0.5%
1.0%
1.5%
Mar '16 Mar '17 Mar '18
Capital Adequacy (%) - Basel III
11.2912.2110.56
0.751.09
1.47
13.3012.03 12.04
0
4
8
12
Mar '16 Mar '17 Mar '18
Tier I Tier II
13
Productivity ratios
Operating Profit per employee (` lakh) * Operating Profit per branch (` lakh) *
117.9 130.2
184.2
0
50
100
150
200
Mar '16 Mar '17 Mar '18
Business per employee (` crs) Business per branch (` crs)
116.4 122.5137.7
0
40
80
120
Mar '16 Mar '17 Mar '18
11.012.5
18.0
0
4
8
12
16
20
Mar '16 Mar '17 Mar '18
10.8 11.713.5
0
3
6
9
12
Mar '16 Mar '17 Mar '18
14
Financial Performance
15
Income & Profit
Net Income (` crs)
855 996
1,473
415 452 326
0
500
1,000
1,500
Mar '16 Mar '17 Mar '18
Operating profit Net profit
Operating and Net Profit (` crs)
Net Interest Margins (%)
2.40%2.79%
3.18%
2.0%
2.5%
3.0%
3.5%
4.0%
Mar '16 Mar '17 Mar '18
Cost to Income Ratio (%)
53.68%56.70%
47.61%
40%
50%
60%
Mar '16 Mar '17 Mar '18
(12 months) (12 months)(12 months) (12 months) (12 months)(12 months)
1,303 1,4911,858
543809
954
2,812
1,846
2,300
0
500
1,000
1,500
2,000
2,500
3,000
Mar '16 Mar '17 Mar '18
Net Interest Income Other Income
17,59416,47313,261
44,37040,089
37,073
908
171
154
0
10,000
20,000
30,000
40,000
50,000
60,000
Mar '16 Mar '17 Mar '18
CASA Retail Wholesale deposits
16
Deposits
Deposits (` crs)
Savings Bank
21.83% Current Account
6.16%
Wholesale deposits
1.44%
Retail Term
Deposits
70.57%
Deposits break up (Mar „18)
50,488
62,871
56,733
26.26%29.04% 27.99%
0%
10%
20%
30%
Mar '16 Mar '17 Mar '18
CASA share to total Deposits
17
Deposits
NRI Deposits (` crs)
Domestic deposits
94.15%
NRI deposits
5.85%
3,0453,502 3,679
6.03% 6.17% 5.85%
0%
2%
4%
6%
8%
10%
0
1,000
2,000
3,000
Mar '16 Mar '17 Mar '18
Amount %
7.51%
6.73%
6.06%
4%
6%
8%
Mar '16 Mar '17 Mar '18
Cost of Deposits
18
Advances [Net] (` crs)
33,902 36,91647,252
0
10,000
20,000
30,000
40,000
Mar '16 Mar '17 Mar '18
Advances
RatingNo of
BorrowersBalance O/s
(in crs)
% to GBC
AAA 19 6,365 13.19%
AA 33 3,983 8.26%
A 25 1,178 2.44%
BBB 37 2,039 4.23%
BB 31 1,612 3.34%
B 16 373 0.77%
C - - -
D 8 633 1.31%
Total 169 16,183 33.54%
Gross Bank Credit 48,246
External rating wise Credit Portfolio as of Mar „18 [corporate borrowers]
19
Advances
Segmentation of Advances (Mar „18)
Medium
Ent.
3.04%
Other
Personal
loans
5.56%
Large Ent.
11.34%
Housing
11.16%
Agricultur
e *
12.21%
Micro-
Small Ent.
20.07%
Others
36.62%
* However, this works out to 17.64% of the ANBC of 31.03.2017.
52.8% 52.6%
45.1%47.2% 47.4%
54.9%
0%
25%
50%
Mar '16 Mar '17 Mar '18
Retail Advances Corporate Advances
Retail & Corporate Advances (%)
20
Advances
Priority Sector Advances (` crs) 1
2,9
96
14
,34
5
16
,15
0
17
,23
9 20
,59
4
46.91% 46.82% 47.57% 48.13%52.83%
0%
20%
40%
60%
10,000
12,500
15,000
17,500
20,000
Mar '14 Mar '15 Mar '16 Mar '17 Mar ' 18
Amount %
*
Agriculture Advances (` crs)
4,7905,146
5,837
6,5836,878
17.29%
16.79% 17.19%18.38%
17.64%
9%
12%
15%
18%
0
2000
4000
6000
Mar '14 Mar '15 Mar '16 Mar '17 Mar '18
Amount %
Advances to Weaker Section (` crs)
* Base figure for the calculation of % is ANBC as on March 31st of previous year.
2,8202,585 2,603 2,544 2,532
10.18%8.44% 7.67% 7.10% 6.50%
1%
6%
11%
0
1,000
2,000
3,000
Mar '14 Mar '15 Mar '16 Mar '17 Mar '18
Amount %
*
Credit Deposit ratio (%)
CD Ratio & Yield on Advances
11.55% 10.81% 9.84%
4.04% 4.08% 3.78%
0%
5%
10%
Mar '16 Mar '17 Mar '18
Yield on advances Interest spread
Yield on Advances & Interest Spread (%)
21
67.2% 65.1% 75.2%49.6% 48.3%
168.4%
118.2%
160.8%
55.7%
0%
100%
200%
Mar '16 Mar '17 Mar '18
CD Ratio Incremental CD Ratio [Annual] Incremental CD Ratio [Quarter]
22
NPAs
Gross NPAs (` crs)
1,1801,582
2,376
3.44%4.21%
4.92%
0%
2%
4%
6%
0
500
1,000
1,500
2,000
2,500
Mar '16 Mar '17 Mar '18
Gross NPA Gross NPA %
Net NPAs (` crs)
795975
1,401
2.35%2.64%
2.96%
0%
1%
2%
3%
0
300
600
900
1200
1500
Mar '16 Mar '17 Mar '18
Net NPA Net NPA %
23
NPAs
1,1251,348
2,120
889 947
1325
0
500
1000
1500
2000
Mar '16 Mar '17 Mar '18
Fresh Accretions to NPA Stock Recovery / Upgradation
Fresh accretions and recoveries (` crs)
(12 months) (12 months) (12 months)
Slippages (` crs)
512
1,037
1.42%
2.26%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
0
250
500
750
1000
Q4FY17 Q4FY18
During the quarter Ratio [qtrly]
Restructured Advances(` crs)
SectorRestructured
Adv.Of which,
NPA
Infrastructure 448.98 318.16
Large Industry 423.22 343.04
Real Estate [including CRE, excluding Services]
81.57 81.57
MSME [excl. Infrastructure] 37.15 6.62
Others 27.11 0.96
Agriculture 20.98 12.64
Education [Individual + Institution]
5.94 0.04
Wholesale/Retail Trade [excl. services]
1.48 -
Grand Total 1,046.43 763.03
Sector wise Restructured Adv. as Mar „18:
Restructured loans & related accounts
24
261328
763
Of which, NPA
1,183932
562
625
434
485
0
500
1,000
1,500
2,000
Mar '16 Mar '17 Mar '18
Restructured loans Related a/cs
1,808
1,046
1,365
25
Investments
Investments [excl. RIDF] (` crs)
16,25720,220
15,444
0
5,000
10,000
15,000
20,000
Mar '16 Mar '17 Mar '18
Shares
0.83%
SLR
84.64%
Debentures,
Bonds, CD,
MF
14.53%
Yield on Investments (%)
7.45% 7.23%6.73%
4%
6%
8%
Mar '16 Mar '17 Mar '18
HFT
0.16%AFS
21.50%
HTM
78.34%
AFS HFT HTM TOTAL
2.63 0.00 5.58 4.92
Duration
26
Share holders‟ value
Dividend (%)
195.83181.97 191.44
75
125
175
225
Mar '16 Mar '17 Mar '18
Earning Per Share (`)
19.68 19.38
11.52
0
5
10
15
20
25
Mar '16 Mar '17 Mar '18
Book value (`)
50%40%
30%
0%
10%
20%
30%
40%
50%
60%
Mar '16 Mar '17 Mar '18 *
Banks, FIs, MF, Insuranc
e Cos12.79%
Foreign Portfolio Investors14.74%
Indian Public62.94%
Others9.53%
Share holding pattern (Mar „18)
* proposed
Leveraging on Technology
42.26% 44.49%50.41%
53.06%
65.34%
20%
40%
60%
Mar '14 Mar '15 Mar '16 Mar '17 Mar '18
Migration to Digital Channel
[share of ADC transactions to total CBS transactions]
Mobile Banking
767884
9941120
As on 30.06.2017 As on 30.09.2017 As on 31.12.2017 As on 31.03.2018
No.of Regd users (Thousands)
25723056
3708
5121
29
34
40
56
Q1 (FY17-18) Q2(FY17-18) Q3(FY17-18) Q4(FY17-18)
Value of Transactions (in Crore)
Avg. value of Transactions per day (in Crore)
28443287
40734609
3237
44
50
Q1 (FY17-18) Q2(FY17-18) Q3(FY17-18) Q4(FY17-18)
No. of Transactions (in 000‟s)
Avg. Transactions per day (in 000‟s)
Deb
it c
ard
s P
en
etr
ati
on
Card
s U
sag
e
Debit Cards
36.8638.03
39.7241.2679.01
79.6
80.39
80.7
As on 30.06.2017 As on 30.09.2017 As on 31.12.2017 As on 31.03.2018
Total cards issued (Lakhs) Penetration (%)
Q1 Q2 Q3 Q4
58.76 76.5 81.93 75.43
90.5890.98 97.25 107.06
149.34167.47
179.18 182.49
Total ATM transactions by our Debit Card holders(lakhs) Shared Network (VISA/NFS) (lakhs) KBL ATM (lakhs)
PO
S T
ran
sact
ion
Valu
eP
OS
In
stall
ati
on
Rep
ort
Point of Sale (POS) Business
11915
1407213315 13225
1601
2157
1134
1918
As on 30.06.2017 As on 30.09.2017 As on 31.12.2017 As on 31.03.2018
No. of Machines Installed New Machines Added
36,286 35,814
42,817 44,026
Q1 Q2 Q3 Q4
Value of Transactions (Lakhs)
PO
S T
ran
sact
ion
sE
CO
M
Tra
nsa
ctio
ns
POS & ECOM transactions
3178 29463263
3582
3532
3539
Q1 Q2 Q3 Q4
Txn (Thousand) per day (Thousand)
3178 29463263
3582
3532
35
39
Q1 Q2 Q3 Q4
Txn (Thousand) per day (Thousand)
161 164 182208
1.75 1.78
1.98
2.2
Q1 Q2 Q3 Q4
Amt (Lakhs) Per day (Lakhs)
1981 19512113
2369
22 22
23
26
Q1 Q2 Q3 Q4
Txn (Thousand) Per day (Thousand)
32
Annexure
33
Deposits & Advances
` crs Mar-16 Mar-17 Mar-18
Total Deposits 50,488 56,733 62,871
CASA Deposits 13,261 16,473 17,594
Retail Deposits 37,073 40,089 44,370
Wholesale Deposits 154 171 908
Total Advances 33,902 36,916 47,252
Priority Sector Advances 16,150 17,239 20,594
Agri Advances 5,837 6,583 6,878
MSE Advances 8,037 8,496 9,683
Advances to Weaker Section 2,603 2,544 2,532
34
Income & Expenditure
` crs Mar-16[12 months]
Mar-17[12 months]
Mar-18[12 months]
Interest Income 4,992 5,185 5,424
Interest Expense 3,689 3,694 3,566
Net Interest Income 1,303 1,491 1,858
Fee Income 481 505 757
Treasury Income 62 304 197
Non-Interest Income 543 809 954
Total Income (Net of Interest Expense) 1,846 2,300 2,812
Operating Expenses 991 1,304 1,339
Operating Profit 855 996 1,473
Provision for loan losses in Adv. / losses in Invts. / Taxes / other
440 544 1,147
Net Profit 415 452 326
35
` crs Mar-16[12 months]
Mar-17[12 months]
Mar-18[12 months]
Interest Income
Interest Income 4,992 5,185 5,424
Interest on Advances 3,700 3,794 4,082
Interest on Investments 1,190 1,271 1,162
Other interest 102 120 180
Yield on Advances 11.55% 10.81% 9.84%
Adjusted yield on Invts. 7.76% 8.88% 7.31%
Interest Expense
Interest Expense 3,689 3,694 3,566
Interest on Deposits 3,588 3,601 3,473
Other interest 101 93 93
Cost of Deposits 7.51% 6.73% 6.06%
Net Interest Income
Net Interest Income 1,303 1,491 1,858
Interest Spread in Lending 4.04% 4.08% 3.78%
Net Interest Margin on average assets 2.40% 2.79% 3.18%
Interest Income & Interest Expenditure
36
Capital Adequacy under BASEL III
` crs283 Mar-16 Mar-17 Mar-18
Total Risk Weighted Assets 34,787 38,902 44,981
Total Capital Fund 4,185 5,172 5,414
Total Tier I Capital 3,675 4,749 5,079
Paid up Equity Capital 188 283 283
Reserves under Tier I Cap. 3,487 4,467 4,796
Total Tier II Capital 510 423 335
Surplus Provisions & Reserves 250 258 235
Subordinated Debt Fund 260 165 100
Total CRAR 12.03% 13.30% 12.04%
CRAR Common Equity Tier I Capital 10.56% 12.21% 11.29%
CRAR Tier I Capital 10.56% 12.21% 11.29%
CRAR Tier II Capital 1.47% 1.09% 0.75%
Other initiatives / developments
37
Launched KBL-VIKAAS – Bank‟s Transformation initiative.
Launched Bank‟s official page on social media - FaceBook, Twitter, Instagram and YouTube.
Revamped official website.
Tied up with Life Insurance Corporation of India for distribution of life insurance products.
Tied up with HDFC MF Asset Management Co. for distribution of their Mutual Fund
products.
Launched KBL-Image Debit Card.
Enabled Cash Recyclers at different locations.
Enabled Talking ATM facility at some of our ATMs.
Introduced value added services to debit card holders through IVR facility.
Implemented KBL-Locator.
Implemented White Label Education Institution Fee payment module KBL e-Collect.
Joined hands with Isha Foundation for Rally for Rivers campaign.
Implemented Audit automation process.
Launched e-Learning platform for staff members.
Opened Bank‟s Aadhar Enrollment and Updation Centres at various locations.
Opened first „All Women Branch‟ at Bull Temple Road, Bengaluru.
Corporate Social Responsibility
Inauguration of the new schoolauditorium of ShubhodayaVidyalaya, Shivanagara,Moodushedde, Mangaluru,constructed with the assistanceof the Bank.
Inauguration of the new Sabha Bhavanacomplex of Sri Guru NarasimhaTemple, Saligrama, constructed with theassistance of the Bank.
39
Business Strategy
40
Transformation journey…
The transformation Project
by partnering BCG is under progress
to change from Good to Great…
Exchangingthe MoU withBostonConsultingGroup (India)Pvt Ltd.
Corporate Goal for 2018 -19
41
Business Turnover of ` 1,30,000 crore.
Opening of 35 new Branches to take the total no. of Branches to 835.
To introduce following products & services:
• Robotic Process Automation (RPA),
• Customer Relationship Management (CRM),
• Digi Branches,
• Artificial intelligence powered Chatbot,
• Online Mutual Fund Platform,
• TreDS (Trade Receivables Electronic Discounting System),
• Corporate Mobile Banking,
• Grievance Redressal through CRM Software.
Business Strategy
42
Minimum space maximum business.
Credit augmentation
Focus on MSME sector
Focus on mid-corporate & retail sectors.
NPA & Stressed Assets management
Minimising slippages and improving recovery management.
CASA deposits
Maintaining CASA share of atleast 30%
Focusing on further customer onboarding.
Digital Banking initiatives
Focus on digital marketing of Bank‟s products & services
Value addition to Bank‟s existing Mobile Banking channel
Installation of self service kiosks
Enabling Cash Recyclers
Extension of Cash@POS facility
Parabanking activities.
WE EXPRESS OUR HEARTFELT GRATITUDE
TO ALL OUR STAKE HOLDERS FOR THEIR
TRUST & SUPPORT AND SOLICIT THEIR
CONTINUED PATRONAGE, AS WE CONTINUE
OUR JOURNEY WITH RENEWED DEDICATION
& COMMITMENT TO MAKE OUR BELOVED
KARNATAKA BANK A FINANCIAL POWER
HOUSE.
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Board of Directors
P Jayarama Bhat
Non Executive Chairman
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Ashok Haranahalli Bengaluru Advocate
Mrs Usha Ganesh, IAS
Bengaluru Former Member of Karnataka Administrative Tribunal
Rammohan Rao Belle Bengaluru Former MD & CEO, SBI Gen. Insu. Co. Ltd
B A PrabhakarBengaluru Former Chairman & MD of Andhra Bank
U R Bhat Mumbai Investment Adviser & Columnist
Keshav Krishnarao Desai Hubballi Businessman
D. Surendra Kumar, Shri Kshethra Dharmastala, Dakshina Kannada
Educationist
Mahabaleshwara M S
Managing Director & CEO
Mrs Mythily Ramesh, Bengaluru
IT Professional and Co-Founder &CEO of NextWealth
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