analysis of financial results september 2019 · 1997-2002 implementation of “finacle” cbs in...

Analysis of Financial Results

September 2019

Table of contents

1 Company Overview

2 Financial Performance

Business Strategy3

Company Overview

Time tested Bank with over 95 years of banking history .

Pan-India footprint.

Robust technology and risk management systems.

Strong productivity, capital adequacy ratios.

Experienced management team & Professional Board.

Highest Standards of Corporate Governance.

Powered by KBL – VIKAAS for Total Transformation.

Consistent track record of profit since inception.

01

02

03

04

05

06

07

08

1924

1960-66

Incorporated on 18th February 1924 at Mangalore by Late B R Vyasarayachar & other leading members of the South Kanara Region

Took over Sringeri Sharada Bank Ltd, Chitaldurg Bank & Bank of Karnataka, Hubli.

Public issue of 45 lakh equity shares in October 1995 Became an authorised dealer of foreign exchange in 1977

1977-96

1997-2002 Implementation of “Finacle” CBS in 2000

2002-06

2007-11

2012-16

2017-19

Floated general insurance JV along with Allahabad Bank, Indian Overseas Bank, Dabur Investments and Sompo Japan Insurance. Launched CDSL-DP services at select branches . Rights issue in the ratio of 2:1 to raise ` 160 crs. Right issue in the ratio of 1:2. Bancassurance tie-up with MetLife. Maiden bonus issue in the ratio of 1:1

Right issue of ` 457.03 crore in the ratio of 2:5. Launched Online Trading facility. Maiden QIP aggregating ` 160.83 crs. Completion of 100% core banking

Completed 1:2 rights issue to raise ` 658.96 crs. Unveiled KBL – VISION 2020 & adopted Vision Statement. No. of branches crossed 500 & No. of ATMs crossed 1,000. Business turnover crossed the milestone of ` 75,000 crore. Secured ISO 27001 : 2005 Certificate from NQA.. Launched ASBA facility

Customer base crossed the milestone of 1 crore. Business turnover crossed the historic milestone of ` 1,00,000 crore. Formed Investor Relation Cell. Networth of the Bank crossed ` 5,000 crs.

History

Evolution

Offers wide variety of banking products

` 1,23,658 Cr business turnover

First generation

private sector Bank

2,345 Outlets all over India

• Business Turnover of ` 1,23,658 crore

as on 30.09.2019.

• Networth of ` 5,948 crore as on

30.09.2019.

• 2,345 service outlets with 840 branches,

1 Extension Counter, 1,084 ATMs and

420 recyclers in 546 centres across

India as on 30.09.2019.

• Offers wide variety of corporate and

retail banking products and services to

over 10.6 million customers.

• Incorporated in 1924, one of the oldest

time tested private sector Banks.

Pan-India footprint

28%

27%

23%

22%

Metro Urban Semi Urban Rural

Area wise distribution of BranchesPan-India Presence

Total 2,345 service outlets – 840

branches, 1 Extension Counter ,

1,084 ATMs & 420 recyclers.

Total 34 e-Lobbies & 376 mini

e-Lobbies, all are having Recyclers.

Specialized branches for Forex,

Industrial, Agriculture, MSME,

Corporate business & Financial

Inclusion.

121 Financial Inclusion branches,

35 Ultra Small branches

Expanding network in northern

India also.

Name Here

25

21

2

4

23

7

11

9

3

522

21

7

51

8

1

7

9

50

11

5

20

1725

40

1

Has the strongest presence in South India with 659 branches

Top 5 States:Karnataka (522), Maharashtra (51), Tamilnadu (50), Andhra Pradesh (40), Telangana (25) 0

200

400

600

800

1000

1200

1400

1600

Sept '18 Mar '19 Sept '19

816 836 840

1534

12101084

211330

420

Branches ATMs Recyclers

Pioneer in implementing

“Finacle” (CBS) amongst

the first generation

private sector banks

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.

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.

Implemented „M-Passbook‟

(Mobile Passbook), „KBL

Apna App‟ (SMS Banking),

„KBL-Mobile Plus‟ (Mobile

Banking) app, „BHIM KBL

UPI‟ app on Unified

Payment Interface, etc as

additional facilities for the

convenience of customers.

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.

Established DCOE for better

TAT & risk management.

Robust technology platform and risk management systems

Strong technology platform

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 2022, reflecting the Bank‟s continued commitment to

technology adoption.

8

Robust technology platform and risk management systems

Effective risk management system

2

3

4

1

5

Periodical monitoring & reviewing of risk profile of the bank.

Internal Credit Rating of all the borrowers: Credit exposure above INR 25 lakh are rated borrower-wise and

credit facilities below INR 25 lakh & all schematic advances including agri-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 continuous basis.

Enterprise level fraud risk management system to effectively control / prevent online suspicious transactions

done by customers & other digital channel transactions.

7

8

6 Effective Operational risk management by:

o building up a database of internal Loss data, near- miss cases and other Operational risk events, sinceSept 2007.

o AML monitoring system to scrutinize the customer transactions to ensure compliance to the extantguidelines.

Moving towards migration to „Basel II advanced approaches‟ under Credit, Market and Operational Risk and

also complied with the extant „Basel III‟ guidelines of RBI.

Implemented a scientific Fund Transfer Pricing (FTP) & Customer Profitability Management System (CPMS)

to assess the performance of branches / products / portfolios / customers.

9

Financial strength of the Bank

Networth (` crs)

0

1000

2000

3000

4000

5000

6000

Sept '18 Mar'19 Sept '19

283 283 283

5,300 5,5035,665

5,583 5,785 5,948

3 MonthsHighlights – Q2 FY20

KPAs Q2 FY 20 Q2 FY 19 H1 FY 20 H1 FY 19

Turnover 1,23,658 1,13,854 1,23,658 1,13,854

Operating profit 413.43 356.33 763.44 725.21

Net profit 105.91 111.86 281.33 275.10

Return on Asset 0.53% 0.61% 0.70% 0.76%

Earning per Share (not annualized) 3.75 3.96 9.95 9.73

Return on Equity 7.12% 8.02% 9.59% 10.01%

Net Interest Income 498.72 467.71 993.31 936.29

Net Interest Margin 2.82% 2.91% 2.80% 2.95%

Gross NPA 4.78% 4.66% 4.78% 4.66%

Net NPA 3.48% 3.00% 3.48% 3.00%

Cost to Income 48.80% 46.73% 50.65% 46.13%

CRAR (Basel III) 12.64% 11.30% 12.64% 11.30%

(` crs)

6 Months

Return and Capital Adequacy Ratios

Return on Equity (%) (after tax) Return on Assets (%) (after tax)

Capital Adequacy (%) - Basel III

0.76%

0.64%

0.70%

0.30%

0.35%

0.40%

0.45%

0.50%

0.55%

0.60%

0.65%

0.70%

0.75%

0.80%


10.56 11.17 10.64

0.742.00 2.00

11.30

13.17 12.64

0

2

4

6

8

10

12

14


Tier I Tier II Total CRAR

10.01%

8.53%

9.59%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

11.00%


Productivity ratios

Operating Profit per employee (` lakh) * Operating Profit per branch (` lakh) *

Business per employee (` crs) Business per branch (` crs)

* annualised

0

5

10

15

20


17.8217.52 18.44

0

50

100

150

200


177.75 173.42181.77

0

5

10

15


13.9914.90 14.93

0

50

100

150


139.5 147.5 147.2

13

Financial Performance

Income & ProfitNet Income (` crs) Operating and Net Profit (` crs)

Net Interest Margins (%) Cost to Income Ratio (%)

936

1,905

993

410

1,002

554

1,346

2,907

1,547

0

500

1000

1500

2000

2500

3000

3500


Net Interest Income Other Income Total Income

0

200

400

600

800

1000

1200

1400

1600


725

1,450

763

275

477

281

Operating profit Net profit

2.95% 2.93% 2.80%

0.00%

1.00%

2.00%

3.00%

4.00%


46.13%50.13% 50.65%

0%

10%

20%

30%

40%

50%

60%


15

Business size

Business Turnover (` crs)

0

20000

40000

60000

80000

100000

120000


63,884 68,452 70,190

49,97054,828 53,468

113,854123,280 123,658

Turnover Advances

DepositsDeposits (` crs)

Deposits break up (Sept „19)

CASA share to total Deposits

* Wholesale deposits = Purchase liability + Certificates of deposit + Interbank deposits


17,298 19,208 19,243

45,40648,131 50,864

1,1801,113

83

CASA Retail Wholesale deposits *

63,88468,452 70,190

Savings Bank

21.63%

Current Account

5.78%

Wholesale deposits

0.12%

Retail Term Deposits72.47%

0%

10%

20%

30%


27.08% 28.06% 27.41%

DepositsDeposits

NRI Deposits (` crs)

Cost of Deposits

Domestic deposits93.78%

NRI deposits6.22%

4,024 4,196 4,366

6.30% 6.13% 6.22%

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%


Amount %

0%

1%

2%

3%

4%

5%

6%

7%


5.94% 5.96% 6.07%

18

Advances [Net] (` crs)

AdvancesExternal rating wise Credit Portfolio as of Sept „19

[ Figures in brackets – as of Sept „18]

RatingNo of

BorrowersBalance O/s

(in cr)

% to GBC

Of which, NPA – no. of

borrowers

NPA – Bal o/s (cr)

AAA16

(21)5,365.26

(6,537.88)9.89

(12.86)- -

AA36

(35)5,170.70

(4,818.48)9.53

(9.47)- -

A39

(33)1,641.40

(1,132.07)3.03

(2.23)- -

BBB79

(69)2,120.33

(2,237.01)3.91

(4.40)- -

BB90

(70)1,554.97

(1,687.92)2.87

(3.32)4

(1)109.65(14.33)

B42

(33)792.95

(500.46)1.46

(0.98)2

(3)85.04

(112.74)

C1

(1)27.08

(13.27)0.05

(0.03)1

(-)27.08

(-)

D28

(24)1,124.82(852.62)

2.07(1.68)

13(8)

606.22(500.38)

Total331

(286)17,797.51

(17,779.71)32.82

(34.97)

20(12)

827.99(627.45)

Gross Bank Credit 54,233.65(50,857.59)

0

10000

20000

30000

40000

50000

60000


49,97054,828 53,468

Advances

Segmentation of Gross Advances (Sept „19)

* However, this works out to 14.12% of the ANBC of 30.09.2018.

Retail & Corporate Advances (%)

Agriculture *11.33%

Micro-Small Ent.19.14%

Medium Ent.2.82%

Large Ent.13.14%Housing

15.29%

Other Personal loans6.50%

Infra5.22%

NBFC15.22%

CRE7.63%

Others3.70%


44.21% 42.85% 46.39%

27.40% 26.85%28.39%

28.39% 30.30% 25.22%

Retail (upto 5 crore)

Mid Corporate (> 5 crore & upto 100 crore)

Corporate (> 100 crore)

Advances

Priority Sector Advances (` crs) Agriculture Advances (` crs)

Advances to Weaker Section (` crs)

16,15017,239

20,594 21,435 21,878 22,748

47.57% 48.13%

52.83% 50.07%44.17%

43.59%

0%

10%

20%

30%

40%

50%

60%

0

5000

10000

15000

20000

25000

Mar '16 Mar '17 Mar ' 18 Sept '18 Mar '19 Sept '19

Amount %

5,837

6,5836,878 7,053 7,082 7,304

17.19%18.38%

17.64%16.47% 15.81%

14.12%

5%

7%

9%

11%

13%

15%

17%

19%

21%

0

1000

2000

3000

4000

5000

6000

7000

8000

Mar '16 Mar '17 Mar '18 Sept '18 Mar '19 Sept '19

Amount %

2,603

2,5442,532

2,548 2,551 2,551

7.67%

7.10%6.50%

5.95%

5.15%4.98%

2480

2500

2520

2540

2560

2580

2600

2620

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Mar '16 Mar '17 Mar '18 Sept '18 Mar '19 Sept '19

Amount %

Credit Deposit ratio (%)

Yield on Advances & Interest Spread (%)

21

CD Ratio & Yield on Advances

0%

2%

4%

6%

8%

10%


9.34% 9.33% 9.50%

3.40% 3.37% 3.43%

Yield on advances Interest spread

0%

20%

40%

60%

80%

100%

120%

140%


78.22% 80.10% 76.18%

121.58%135.76%

55.49%

CD RatioIncremental CD Ratio [Annual]

22

Asset QualityGross NPAs (` crs)

Net NPAs (` crs)

2,3

72

2,4

56

2,5

94

4.66% 4.41% 4.78%

0

500

1000

1500

2000

2500

3000

0%

1%

2%

3%

4%

5%

6%


Gross NPA Gross NPA %

1,4

98

1,6

17

1,8

63

3.00% 2.95%

3.48%

0

200

400

600

800

1000

1200

1400

1600

1800

2000

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%


Net NPA Net NPA % Sep

t '1

8

Ma

r '1

9

Sep

t '1

9

40

2 46

6

45

3

41

8

40

6

33

58

3

57

4

70

Restructured loans Related a/cs Of which, NPA

Restructured loans & related accounts

23

Investments

Investments [excl. RIDF] (` crs)

Yield on Investments (%)

AFS HFT HTM TOTAL

1.88 0.00 4.97 4.16

Duration

0

5000

10000

15000

20000


16,036 16,18517,935

AFS27.63%

HFT0.28%

HTM72.09%

6.70% 6.76% 6.80%

0%

1%

2%

3%

4%

5%

6%

7%

8%


2424

Share holders‟ value

Dividend (%)

Earning Per Share (`)

Book value (`)

Share holding pattern (Sept „19)

Banks, FIs, MF, Insurance

Cos11.93%

Foreign Portfolio Investors

13.70%

Indian Public65.95%

Others8.42%

0.00

5.00

10.00

15.00

20.00

Sept '18 * Mar '19 Sept '19 *

19.46

16.89

19.90

0%

5%

10%

15%

20%

25%

30%

35%

40%

Mar '17 Mar '18 Mar '19

40%

30%

35%

0.00

50.00

100.00

150.00

200.00

250.00

Mar '17 Mar '18 Mar '19

181.97 191.44 204.71

* annualised

25

Leveraging on Technology

Migration to Digital Channel

[share of ADC transactions to total CBS transactions]

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

Mar '16 Mar '17 Mar '18 Mar '19 Sept '19

50.41%53.06%

65.34%

77.86%82.26%

26

Mobile Banking

1,2

95

,35

9

1,3

55

,26

3

1,4

35

,66

5

1,6

75

,12

8

1,7

72

,90

2

Sep-18 Dec-18 Mar-19 Jun-19 Sep-19

No.of Regd users

3,2

51

3,5

71

3,5

56

3,1

50

3,5

77

3639 39

35

39


No. of Transactions (in 000‟s)

Avg. Transactions per day (in 000‟s)

3,7

21

4,2

09

4,7

70

4,3

74

4,5

84

4046

52 48 50


Value of Transactions (in Cr)

Avg. value of Transactions per day (in Cr)

27

Deb

it c

ard

s P

en

etr

ati

on

Card

s U

sag

e

Debit Cards

44.84 46.64 48.59

39.0742.07

83.06 84.41 85.19

75.66 77.23


Total cards issued (Lakhs) Penetration (%)

93.14 99.50 108.64 103.68 103.90

111.09 114.89 113.36 112.57 113.89

204.23 214.39 222.00 216.25 217.79


Shared Network (VISA/NFS) (lakhs)

KBL ATM (lakhs)

Total ATM transactions by our Debit Card holders

28

PO

S T

ran

sact

ion

Valu

eP

OS

In

stall

ati

on

Rep

ort

Point of Sale (POS) Business

54,45966,444 62,790 67,620 69,807


Value of Transactions (Lakhs)

14

,11

6

13

,99

2

12

,81

6

12

,22

5

12

,05

8

1813

982

727

504 532


No. of Machines Installed New Machines Added

29

PO

S T

ran

sact

ion

sE

CO

M

Tra

nsa

ctio

ns

POS & ECOM transactions

4,5

42

,000

4,9

51

,000

5,0

93

,000

5,5

17

,200

5,8

51

,793

49,370 53,815 56,58960,629

63,606


Txn (Actuals)

per day (Actuals)

617 676 669767 723

6.87.3 7.3

8.4 8.0


Amt (Crore)

per day (Crore)

2,7

82

,000

3,1

13

,00

0

3,3

55

,00

0

3,4

46

,61

3

3,2

72

,26

7

30,23933,837

37,278 37,87535,568


Txn (Actuals)

Per day (Actuals)

252 280 289 318 337

2.83.0 3.1

3.5 3.6


Amt (Crore)Per day (Crore)

30

Deposits & Advances

` crs Sept-18 Mar-19 Sept-19

Total Deposits 63,884 68,452 70,190

CASA Deposits 17,298 19,215 19,243

Retail Deposits 45,406 48,125 50,864

Wholesale Deposits 1,180 1,113 83

Total Advances 49,970 54,828 53,468

Priority Sector Advances 21,435 21,787 22,748

Agri Advance 7,053 7,082 7,304

MSE Advances 10,384 10,178 10,380

Advances to Weaker Section 2,548 2,551 2,551

31

Income & Expenditure

` crs Mar-19[12 months]

Sept-18[6 months]

Sept-19[6 months]

Interest Income 5,906 2,860 3,214

Interest Expense 4,001 1,924 2,221

Net Interest Income 1,905 936 993

Fee Income 839 397 491

Treasury Income 163 13 63

Non-Interest Income 1,002 410 554

Total Income (Net of Interest Expense) 2,907 1,346 1,547

Operating Expenses 1,457 621 783

Operating Profit 1,450 725 763

Provision for loan losses in Adv. / losses in Invts. / Taxes / other 973 450 482

Net Profit 477 275 281

32

Interest Income & Interest Expenditure

` crs Mar-19[12 months]

Sept-18[6 months]

Sept-19[6 months]

Interest Income

Interest Income 5,906 2,860 3,214

Interest on Advances 4,698 2,258 2,568

Interest on Investments 1,106 550 576

Other interest 102 52 70

Yield on Advances 9.33% 9.34% 9.50%

Adjusted yield on Invts. 7.58% 6.63% 7.80%

Interest Expense

Interest Expense 4,001 1,924 2,221

Interest on Deposits 3,823 1,868 2,091

Other interest 178 56 130

Cost of Deposits 5.96% 5.94% 6.07%

Net Interest Income

Net Interest Income 1,905 936 993

Interest Spread in Lending 3.37% 3.40% 3.43%

Net Interest Margin on average earning assets 2.93% 2.95% 2.80%

Corporate Social Responsibility

Donation of ` 50 lakh to Karnataka Chief Minister‟srelief fund, towards the rehabilitation of those affectedby the recent floods in Karnataka State.

Inauguration of the portable donor chairssponsored by the Bank to Rotary – Red CrossBlood Bank, Sagar.

33

52%

Launched Regional Loan Processing Centres [RLPCs] at all Regions.

Focusing on Housing, Retail & MSME loans at these RLPCs.

Tied up with Fintech companies for Digital Home Loan sourcing.

Launched “KBL FORCE” - an integrated Lead Management System

(LMS) and KBL-FORCE (LMS) Mobile App.

Verticalized Credit Dept. as “Sales vertical” and “Sanctions vertical”.

Introduced Collection Management System.

Launched “KBL KOLLECT+” – a Collection tool, at Regional

Collection Hubs in all Regions.

Launched NPA Management tool – VASOOL SO-Ft .

Launched Monitoring Excellence Initiatives.

Implemented Employee Satisfaction and Career Development System

[ESCDS] and Key Result Area [KRA].

Launched ESOP scheme.

Launched „KBL RISE‟ – a Performance Management System for

employees.

As a part of Transformation journey,

Revamped Internet Banking to improve customer experience.

Inaugurated Bank‟s first „Digi Branch‟ at Bengaluru.

Established Digital Centre of Excellence (DCoE).

Established Contact Center in partnership with M/s Karvy

DigiConnect Ltd .

Launched a new institutional SB product called KBL SB-TASC

(Trusts, Associations, Societies & Clubs).

Launched a new salary account scheme with 3 variants viz. KBL

Salary Executive, KBL Salary Prime & KBL Salary Classic.

Launched two digital journeys, viz., „KBL Express Home Loan‟ &

„KBL Express Cash Loan‟ .

Introduced Document Management System, on pilot basis, for loans

on-boarding and retrieving.

Introduced Dealer tie up for Auto Loans in all Regions.

Launched a Mutual Fund platform „FISDOM‟ to offer the products of

all the AMCs to our customers.

KBL-Vikaas – Bank‟s Transformation Journey

BCG as transformation consultant

Awards & Accolades

Atal Pension Yojana “Game Changers”

award instituted by PFRDA, for

achieving 100% of AAPB target for the

FY 2018-19.

ET Business Excellence Award 2019 in

the category “Excellence in Banking

Service”.

Awards & accolades received during the FY 2019-20:

36

Business Strategy

AB

C

Business Turnover of ` 1,44,000 crore.

Opening of 24 new Branches to take the total no. of Branches to 860.

To introduce following products & services:

Digitization for housing, personal & auto loans.

Digitization of MSME [OD & Term Loan]

Tab Banking for onboardingof savings account customers

Corporate Goal for 2019 -20

DOther initiatives:

Rebranding exercise

Women @ KBL – a special initiative to create career path for women employees

Starting a wholly owned non-financial subsidiary – KBL Services (P) Ltd.

Business Strategy

38

Digital Banking initiatives

Focusing on digital marketing of Bank‟s products & services

Value addition to Bank‟s existing Mobile Banking channel

Installation of self service kiosks Comprehensive IT and Digital

Strategy – Requirement of critical applications and IT infrastructure

Para banking activities.

Partnering with an efficient call center handling company for handling service calls for better customer service and handling sales and collection calls for marketing and credit monitoring.

Minimum space maximum business.

Credit augmentation

Focusing on MSME sector Focusing on mid-corporate & retail

sectors Flow based lending and an exclusive

personal loan product.

NPA & Stressed Assets management

Minimizing slippages and improving recovery management.

A comprehensive collection mechanism.

CASA deposits

Focusing on customer onboarding to increase CASA as well as cross selling

RSE approach to CASA marketing.

Thank You

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.

Board of Directors

P Jayarama Bhat

Non Executive Chairman

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Ashok HaranahalliBengaluru

Advocate

Rammohan Rao Belle Bengaluru

Former MD & CEO, SBI Gen. Insu. Co. Ltd

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

B R Ashok

Chartered Accountant

Partner in M/s. R K Kumar & Co., Chartered Accountants, Chennai

Disclaimer

This presentation has been prepared by Karnataka Bank (the “Bank”) solely for providing information about the Bank. This presentation is confidential and may not be copied or disseminated, in whole or part, in anymanner. This presentation has been prepared by the Bank based on information and data which the Bank considers reliable, but the Bank makes no representation or warranty or undertaking, express or implied,

whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness, correctness and reasonableness of the contents of this presentation. This presentation has not been approved and will not bereviewed or approved by any statutory or regulatory authority in India or by any Stock Exchange in India and may not comply with all the disclosure requirements prescribed thereof. This presentation may not be all

inclusive and may not contain all of the information that you may consider material. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment topurchase or subscribe for any securities. Any liability in respect of the contents of, or any omission from, this presentation is expressly excluded. No representation or warranty, express or implied is made as to, and no

reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. Neither the Bank nor any of its respective affiliates, advisers or representatives, shall haveany liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information contained in

this presentation is only current as of its date. Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements”, including those relating to theBank‟s general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitive and regulatory environment. Actual results may differ from these

forward-looking statements due to a number of factors, including future changes or developments in the Bank‟s business, its competitive environment, information technology and political, economic, legal and socialconditions in India and worldwide. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue

reliance on these forward-looking statements. The Bank disclaims no obligation to update forward looking statements to reflect events or circumstances after the date thereof. This presentation is for general informationpurposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation and any information presented herein are not intended to be, offers to sell or

solicitation of offers to buy the Bank‟s equity shares or any of its other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The Bank‟s equityshares have not been and will not be registered under the U.S. Securities Act 1993, as amended (the Securities Act”) or any securities laws in the United States and, as such, may not be offered or sold in the United States or

to, or for the benefit of, U.S. persons (as such term is defined in Regulation S under the Securities Act) absent registration or an exemption from the registration requirements of the Securities Act and applicable laws. Anyoffering of the equity shares made, if any, in the United States (or to U.S. persons) was made by means of a prospectus and private placement memorandum which contained detailed information about the Bank and its

management, as well as financial statements. The Bank may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person.

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