Karnataka Bank launched KBL Finsurance on August 1, 2026, introducing a comprehensive digital portal designed to streamline the creation, tracking, and monitoring of insurance business leads across its branch network. The initiative marks a significant milestone in the bank's digital transformation journey, aiming to strengthen its insurance business and deepen customer engagement through enhanced service efficiency. This move addresses the need for real-time capabilities in bancassurance operations, allowing branch personnel to better manage policy statuses and access business management information system (MIS) reports.

The press release was submitted to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Sham Kanathila, Company Secretary & Compliance Officer, on August 3, 2026.

Platform Capabilities and Integration

The KBL Finsurance Portal empowers branch personnel with real-time capabilities to generate and track insurance leads, monitor policy status, and access MIS reports. To enable seamless integration with insurance partners, Karnataka Bank has tied up with SprintMoney (Wildflower Business Services Pvt. Ltd.), a fintech company providing white-labelled digital solutions to banks and financial institutions. SprintMoney facilitated the integration of the bank with tied-up insurance companies through the KBL Finsurance platform.

SprintMoney’s portfolio includes SprintCRM, an AI-powered Customer Relationship Management solution; a Digital Wealth Suite; a Relationship Management Module; a Platform for Secured Lending against Shares, Mutual Funds and Insurance Policies; and its Digital Insurance Suite. The Digital Insurance Suite enables end-to-end digitization of insurance distribution.

Leadership Commentary

Sri Raghavendra S Bhat, MD & CEO, Karnataka Bank, stated that the launch marks another significant step in the bank's digital transformation journey and commitment to delivering a superior customer experience. He noted that leveraging technology streamlines bancassurance operations, enables branches with real-time capabilities, and enhances service efficiency. "This initiative will strengthen our insurance business, deepen customer engagement, and reinforce our vision of providing comprehensive financial solutions under one roof," Bhat said.

Mr. Amit Kumar, Founder & CEO, SprintMoney, highlighted that the portal is designed to simplify insurance solutions through intelligent automated workflows and partner integrations. He expressed confidence that KBL Finsurance will become a key growth engine for Karnataka Bank's insurance business.

Sri Raghuram H S, General Manager, Branch Banking & IT, Karnataka Bank, described the platform as a significant enabler for the branch network. He emphasized that it simplifies the entire insurance business lifecycle—from lead generation to policy tracking—through automation and real-time insights, enhancing productivity and improving monitoring.

Strategic Implications

The launch reflects a broader industry trend toward digitizing distribution channels in banking. By integrating directly with tied-up insurance companies via SprintMoney, Karnataka Bank reduces manual processing errors and accelerates lead conversion cycles. The availability of real-time MIS reports allows management to monitor performance metrics more effectively, potentially improving the bank's fee income from bancassurance activities. The presence of dignitaries from various Life & General Insurance channel partners during the launch program underscores the collaborative nature of this digital initiative.

Karnataka Bank has crossed a significant business milestone of ₹2 Lakh crore as of July 31, 2026, marking a major expansion in its balance sheet size. The disclosure, made to the National Stock Exchange of India Limited and BSE Limited, highlights the bank’s growth trajectory and increasing market presence in the banking sector.

The announcement was issued pursuant to Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation serves as a formal record of the bank’s operational scale, providing transparency to investors regarding the institution’s asset base and overall business volume.

Milestone Details

The bank confirmed that its total business value reached the ₹2 Lakh crore mark on July 31, 2026. This figure represents the aggregate of the bank’s assets and liabilities, reflecting its capacity to mobilize deposits and extend credit across its network.

Stakeholder Acknowledgement

In its communication, the bank attributed this achievement to the trust and support of its Board of Directors, Chairman, valued customers, stakeholders, and employees. The management emphasized that this milestone is the result of unwavering commitment from all parties involved in the bank’s operations.

Regulatory Compliance

The disclosure was signed by Sham K Kanathila, Company Secretary & Compliance Officer, and digitally timestamped on August 1, 2026, at 14:39:36 +05'30. The bank requested the exchanges to take the information on record and arrange for dissemination to the investing public.