Karnataka Bank announced the resignation of its Chief Human Resources Officer, Mr. Niranjkumar R, effective from the close of business hours on May 25, 2026. The resignation was submitted on personal grounds through a letter dated May 14, 2026, and follows the completion of all necessary internal formalities. Consequently, Mr. Niranjkumar R ceases to be a Senior Management Personnel of the bank.

The disclosure was made to the exchanges in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank confirmed that the detailed reason for the resignation and a copy of the resignation letter were enclosed with the regulatory filing.

In his resignation letter addressed to the Managing Director & CEO, Mr. Niranjkumar R cited personal reasons for stepping down. He expressed gratitude to Karnataka Bank for the opportunity to drive key initiatives, most notably the 'Redesign of the Performance Management Framework', and expressed confidence that these systems would deliver long-term value.

The outgoing officer committed to ensuring a smooth handover of ongoing HR interventions to maintain stability, despite his request for an early relief due to personal circumstances. The bank has informed the stock exchanges regarding the change in its senior management composition.

The following table summarizes the key details of the change in senior management:

Karnataka Bank has reported an all-time high annual net profit of ₹1,310.50 crore for the financial year ended March 31, 2026. The bank's net profit for the quarter ended March 31, 2026, stood at ₹408.19 crore, rising sharply from ₹252.37 crore in the corresponding quarter of the previous year. The Board of Directors has recommended a final dividend of ₹5.00 per equity share, or 50%, for the financial year, subject to shareholder approval.

Financial Performance

The bank demonstrated robust growth in profitability and operational efficiency during the quarter. Net Interest Income (NII) for Q4 FY26 grew by 7.98% year-on-year to ₹842.95 crore. The Net Interest Margin (NIM) improved to 3.07% in Q4 FY26 from 2.92% in Q3 FY26. The Cost to Income ratio improved significantly to 50.47% in Q4 FY26 from 68.98% in the previous year's corresponding quarter. The following table summarises the key financial metrics for the quarter:

Asset Quality and Capital Adequacy

Karnataka Bank witnessed a significant improvement in asset quality metrics both on a year-on-year and sequential basis. The Gross Non-Performing Assets (GNPA) ratio declined to 2.78% in Q4 FY26 from 3.32% in the previous quarter and 3.08% in Q4 FY25. The Net Non-Performing Assets (NNPA) ratio improved to 0.98% from 1.31% a year ago. The Provision Coverage Ratio (excluding technical write-offs) increased to 65.39%, reflecting stronger risk management practices.

Business Growth

The bank's gross advances grew by 8% quarter-on-quarter to ₹83,339.92 crore, while total deposits increased to ₹1,08,778.75 crore. The Current Account Savings Account (CASA) ratio improved to 33.61% in Q4 FY26. The bank achieved an all-time high aggregate business turnover of ₹1,92,118.67 crore for the full year, underscoring sustained momentum across its core banking operations.