Karnataka Bank Ltd has been empaneled as an Arranger and Collector for HUDCO Capital Gain Bonds. The appointment strengthens the bank's commitment to offering a comprehensive range of investment solutions to its customers.

With this empanelment, Karnataka Bank joins a select group of arrangers facilitating investments in government-backed Capital Gain Bonds issued by Housing and Urban Development Corporation Limited (HUDCO), Rural Electrification Corporation (REC), Power Finance Corporation (PFC), and Indian Railway Finance Corporation (IRFC). These instruments are issued under Section 54EC of the Income Tax Act, 1961.

Capital Gain Bonds offer eligible taxpayers an opportunity to save tax on long-term capital gains while investing in secure, government-backed instruments. Through this arrangement, customers can conveniently subscribe to HUDCO Capital Gain Bonds across the bank's extensive branch network.

The addition of HUDCO Capital Gain Bonds expands the bank's investment offerings, reflecting its focus on innovative financial products tailored to retail and institutional customers. Customers may visit their nearest branch for detailed information on eligibility, investment limits, subscription process, and applicable terms and conditions.

Karnataka Bank has approved a trading plan for one of its designated persons to sell shares in the coming months. The bank disclosed on August 18, 2026, that it received and approved the plan from Mr. Vypana Thomas John, Chief Manager in the Inspection and Audit Department.

The trading plan allows Mr. John to sell 4,100 securities of the bank. The transactions are scheduled to take place between December 21, 2026 and December 24, 2026. This period falls within the five consecutive trading days permitted under the regulations.

Trading Plan Details

The approval was granted in accordance with Regulation 5(5) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the bank’s Code of Conduct for Prohibition of Insider Trading. The plan was submitted by Mr. John, who holds Staff Number H246 at the Head Office in Mangaluru.

Mr. John affirmed that he is not in possession of any Unpublished Price Sensitive Information (UPSI) pertaining to the bank at the time of submission. He also confirmed that the trading window is open and that he is permitted to define the trading plan regarding the bank’s securities.

The intimation states that the trading plan is irrevocable once approved. The scheduled dates do not overlap with any earlier declared plans by the individual. The full intimation is available on the bank’s website under corporate announcements.