Karnataka Bank 's Board of Directors has approved the re-appointment of two Independent Directors for extended three-year terms, reinforcing the bank's commitment to strong corporate governance. The decision was taken during a Board meeting held on January 27, 2026, following recommendations from the Nomination & Remuneration Committee.

Director Re-appointments Approved

The Board has approved the re-appointment of the following Non-Executive Independent Directors:

Regulatory Compliance and Approval Process

The re-appointments are subject to shareholder approval as mandated by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and applicable provisions of the Companies Act, 2013. The bank has confirmed compliance with regulatory requirements, stating that both directors have not been debarred from holding directorial positions by SEBI or any other regulatory authority.

Director Profiles and Experience

Dr. D S Ravindran brings extensive administrative expertise as a PhD holder and Indian Forest Service Officer from the 1986 batch. His 34+ years of experience spans:

• Public policy and e-governance initiatives
• Forestry and renewable energy sectors
• Financial systems and large-scale technology implementation
• Leadership roles including CEO, Centre for e-Governance, and Principal Secretary, Finance Department, Government of Karnataka

He has been serving as Karnataka Bank's Non-Executive Independent Director since April 1, 2021, and currently works as Consulting Advisor to the Treasury Department, Government of Karnataka.

Mr. Balakrishna Alse S is a B.Sc. (Agriculture) graduate and Certified Associate of Indian Institute of Bankers (CAIIB) with over 35 years of banking experience. His expertise includes:

• Credit and risk management
• Cybersecurity and HR operations
• Branch operations at Corporation Bank
• Executive Director role at Oriental Bank of Commerce
• Officer on Special Duty at Punjab National Bank during amalgamation

He has served as Karnataka Bank's Non-Executive Independent Director since May 26, 2021.

Meeting Details

The Board meeting commenced at 10.30 AM and concluded at 8.15 PM on January 27, 2026. The bank has confirmed that both directors are not related to any other directors on the Board, maintaining independence requirements. The re-appointments demonstrate the bank's focus on retaining experienced leadership while ensuring regulatory compliance and effective governance oversight.

Karnataka Bank Ltd has disclosed to stock exchanges regarding a strike notice issued by bank unions for January 27, 2026. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strike Details and Participating Unions

The strike call has been issued by the All India Karnataka Bank Employees Association (AIKBEA) and Karnataka Bank Officers Organisation (KBOO). These organizations are affiliated to the All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA) respectively, operating under the banner of United Forum of Bank Unions (UFBU).

Union Demands and Opposition Points

The striking unions have outlined specific demands and areas of opposition that have prompted this industrial action. Their primary demands include:

• Implementation of 5-day banking week
• Introduction of regulated working hours
• Opposition to disinvestment process in IDBI
• Opposition to disinvestment in 3 Regional Rural Banks (RRBs)

Expected Impact on Operations

Karnataka Bank has acknowledged that the strike, if it materializes, will likely affect normal operations across its network. The bank has indicated that the functioning of branches, offices, and departments may be disrupted during the strike period.

Bank's Response and Mitigation Measures

Despite the potential disruption, Karnataka Bank has stated that it is taking necessary steps to ensure normal functioning across its branches, offices, and departments. However, the bank has not quantified the expected quantum of loss, damages, or the specific impact on operations that may result from the strike action.

The disclosure was signed by Sham K, Company Secretary and Compliance Officer, and communicated to both the National Stock Exchange of India Limited (Scrip Code: KTKBANK) and BSE Limited (Scrip Code: 532652) on January 25, 2026.