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.

Karnataka Bank announced the successful go-live of its integration with the Employees' Provident Fund Organization (EPFO) on June 1, 2026. This development enables EPFO members and establishments to make provident fund contributions seamlessly through a fully digital process. The integration is designed to offer secure, efficient, and user-friendly transactions, ensuring faster processing, real-time validation, and instant confirmation. This initiative significantly reduces manual intervention and operational delays, enhancing the overall customer experience.

Strategic Significance

The bank's management highlighted that this milestone reinforces its commitment to digital transformation and strengthens its Government Business portfolio. By leveraging technology, the bank aims to increase transaction efficiency and support the broader objective of promoting the ease of doing business. The integration allows customers to select Karnataka Bank's internet banking facility directly on the EPFO payment page.

Key Integration Details

The following table summarises the key aspects of the EPFO integration:

Management Commentary

Raghavendra S Bhat, MD & CEO of Karnataka Bank, stated that the integration marks a significant step in the bank's digital transformation journey. He emphasized that the initiative enables employers and establishments to make EPF payments seamlessly, securely, and efficiently. The bank remains focused on leveraging technology to enhance customer convenience and deliver superior digital banking experiences.

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.