Karnataka Bank Ltd. successfully organized its Third Party Products (TPP) Conference at its Head Office in Mangaluru on June 6, 2026, to outline the strategic roadmap for the financial year 2026-27. The event brought together senior leadership, regional teams, and channel partners to discuss opportunities for enhancing fee-based income and navigating the evolving regulatory landscape.

Strategic Focus on Fee-Based Income

Chairing the conference, Shri Raghavendra S Bhat, Managing Director & CEO, highlighted the significant transformation in the insurance industry over the past decade. He emphasized the necessity of encashing opportunities under TPP to boost fee-based income. Bhat also stressed the critical role of ethical and need-based selling practices, alongside the increasing importance of technology adoption and data-driven decision-making.

Regulatory Alignment and Vision

The conference addressed the strengthened regulatory focus on customer protection, transparency, and governance. Shri Raghavendra S Bhat reiterated the Government of India's vision of "Insurance for All by 2047". He called for stronger collaboration between banks and insurance partners to achieve this objective through enhanced accessibility, awareness, and responsible distribution.

Conference Agenda and Participation

The agenda covered emerging industry trends, regulatory developments, and compliance expectations. Discussions focused on sharing best practices, region-wise growth strategies, and product customization to improve customer engagement. Participants explored leveraging analytics and technology for business expansion and strengthening collaboration between bank teams and partners.

Senior officials from leading insurance firms attended the event, including representatives from PNB MetLife India Insurance Company Ltd., LIC of India, Bharti AXA Life Insurance Company Ltd., HDFC Life Insurance Co. Ltd., Bajaj Life Insurance Co. Ltd., Universal Sompo General Insurance Company Ltd., Bajaj General Insurance Company Ltd., and ICICI Lombard General Insurance Company Limited.

Karnataka Bank has transferred unclaimed dividends and shares to the Investor Education and Protection Fund (IEPF), impacting shareholders who have not claimed their dues. The bank notified the public of this action through a newspaper advertisement published on June 4, 2026, in the Financial Express and Hosadigantha. This move ensures compliance with regulations governing unclaimed investor assets.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice serves to inform shareholders whose dividends or shares remain unclaimed that these amounts have now been moved to the IEPF authority. The bank emphasized that this information is for shareholder awareness and dissemination.

The notification process involved sending notices to shareholders regarding the transfer of shares and unclaimed dividends. The IEPF is established by the government to protect the interests of investors. Once transferred, shareholders must claim these amounts from the IEPF authority rather than the bank.

Shareholders holding unclaimed dividends or shares are advised to verify their status and follow the necessary procedures to claim their entitlements from the IEPF. The bank has completed the required procedural steps for the transfer.