Karnataka Bank Ltd. — Board/Management Information 2021

Oct 15, 2021

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Karnataka Bank Ltd.

Your Family Bank, Across India

Regd. & Head Office P. B. No.599, Mahaveera Circle Kankanady Mangaluru – 575 002

Phone : 0824-2228222 Fax: 0824-2225588 E-Mail : investor.grievance@ktkbank.com Website : www.karnatakabank.com CIN : L85110KA1924PLC001128

15.10.2021 SECRETARIAL DEPARTMENT HO:SEC:134:2021-22

To:

1. The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza,C-1, Block G Bandra-Kurla Complex, Bandra (E) MUMBAI-400051

[ Scrip Code: KTKBANK

1. The General Manager BSE Limited Corporate Relationship Dept Phiroze Jeejeebhoy Towers Dalal Street MUMBAI-400001

Scrip Code: 532652

Dear Sir/Madam,

Sub: Approval received from the RBI in terms of Section 10B(1A)(i) of the Banking Regulation Act, 1949 for appointment of Mr. Pradeep Kumar Panja, Independent Director as Part Time Chairman of the Bank w.e.f. 14.11.2021.

We are pleased to inform you that Bank has received approval from the Reserve Bank of India (RBI) in terms of Section 10B(1A)(i) of the Banking Regulation Act, 1949 for appointment of Mr. Pradeep Kumar Panja, Independent Director of the Bank as Part Time Chairman of the Bank w.e.f. 14.11.2021 for a period of three years . The RBI has also approved the payment of remuneration to him as detailed in the annexure to this letter which the Bank will place it before the shareholders at their Annual General Meeting to be held in FY 2022-23.

We also enclose herewith the press communique released by the Bank in this regard.

This is for the information of stakeholders.

Thank You, Yours faithfully,

Prasanna Patil COMPANY SECRETARY

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Karnataka Bank Ltd.

Your Family Bank, Across India

Regd. & Head Office P. B. No.599, Mahaveera Circle Kankanady Mangaluru – 575 002

Phone : 0824-2228222 Fax: 0824-2225588 E-Mail : investor.grievance@ktkbank.com Website : www.karnatakabank.com CIN : L85110KA1924PLC001128

Brief Profile of Mr. Pradeep Kumar Panja

Sl no.		Description		Details	Details
1		Date of Appointment/ ~~Cessation~~& Term of appointment		Date of appointment:w.e.f. 14.11.2021 as Part Time Chairman. Term of appointment:His appointment as an Independent Director has been approved by the shareholders at their AGM held on 02.09.2021. Now, approval of the RBI has been received for his appointment as Part Time Chairman of the Bank in terms of Section 10A(1A)(i) to hold office w.e.f. 14.11.2021 for a period of threeyears.
2		Brief Profile		Mr. Pradeep Kumar Panja is a career banker and retired as Managing Director (Corporate Banking) of State Bank of India (SBI), the largest bank of the country. Prior to this, he also held the post of Managing Director of State Bank of Travancore for about a year. During his long association of 39 years with SBI (3 years of which at Board level), he gained rich experience in various areas of banking including corporate and international banking, treasury management, information technology, retail, transaction banking, strategic planning, business development, risk management. Currently he is a member of Banks Board Bureau (BBB) and also Director on the Boards of seven companies (including three listed companies including Karnataka Bank) engaged in the business of asset reconstruction, cement, real estate, NBFC, AFI etc. He is on the Board of Karnataka Bank Ltd. from 19.08.2020. His appointment as an Independent Director has been approved by the shareholders at their 97thAnnual General Meeting held on 02.09.2021.
3		Nature of Expertise in specific functional areas		In terms of Section 10A(1A) of the Banking Regulation Act, 1949, his expertise include: Accountancy, Banking, Cooperation & SSI, Finance, IT, Risk Management, Payment & Settlement, HR and Business Management.
4		Disclosure of relationship between directors.		Not related to any other Directors, Manager and other Key Managerial Personnel of the Bank.
5		Names of listed entities in which the person also holds the directorship & the membership of Committees of the board:		Directorshipand Committee Membershipin other listed entities: Name of the listed company Committee membership 1. Sriram Transport Finance Company Ltd. [CIN: L65191TN1979PLC007874] 1. Audit Committee 2. Stakeholders Relationship Committee 3. CSR Committee 4. Nomination & Remuneration Committee 2. Brigade Enterprises Ltd. [CIN: L85110KA1995PLC019126] 1. Audit Committee (Chairman) 2. Risk Management Committee
				Name of the listed company	Committee membership
				1. Sriram Transport Finance Company Ltd. [CIN: L65191TN1979PLC007874]	1. Audit Committee 2. Stakeholders Relationship Committee 3. CSR Committee 4. Nomination & Remuneration Committee
				2. Brigade Enterprises Ltd. [CIN: L85110KA1995PLC019126]	1. Audit Committee (Chairman) 2. Risk Management Committee

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Karnataka Bank Ltd.

Your Family Bank, Across India

		Regd. & Head Office Phone : 0824-2228222 Fax: 0824-2225588 P. B. No.599, Mahaveera Circle E-Mail :investor.grievance@ktkbank.com Kankanady Website :www.karnatakabank.com Mangaluru–575 002 CIN : L85110KA1924PLC001128	Regd. & Head Office Phone : 0824-2228222 Fax: 0824-2225588 P. B. No.599, Mahaveera Circle E-Mail :investor.grievance@ktkbank.com Kankanady Website :www.karnatakabank.com Mangaluru–575 002 CIN : L85110KA1924PLC001128	Regd. & Head Office Phone : 0824-2228222 Fax: 0824-2225588 P. B. No.599, Mahaveera Circle E-Mail :investor.grievance@ktkbank.com Kankanady Website :www.karnatakabank.com Mangaluru–575 002 CIN : L85110KA1924PLC001128	Regd. & Head Office Phone : 0824-2228222 Fax: 0824-2225588 P. B. No.599, Mahaveera Circle E-Mail :investor.grievance@ktkbank.com Kankanady Website :www.karnatakabank.com Mangaluru–575 002 CIN : L85110KA1924PLC001128
	Sl no.	Description		Details
				3. Karnataka Bank Ltd. [CIN: L85110KA1924PLC001128]	1. Audit Committee 2. Risk & Capital Management Committee 3. Management Committee of the Board 4. IT Strategy& Governance Committee
	6	Shareholding, if any		3410 EquityShares of Rs.10 each.
	7	Remuneration		Remuneration as approved by the RBI for holding the post of Part Time Chairman:(Subject to approval of the shareholders at their ensuing Annual General Meetingto be held in FY2022-23). PART A Amount INR Fixed Pay (IncludingPerquisites) 1. Salary 15,00,000p.a. 2. Dearness Allowance Nil 3. Retiral benefits (PF, Gratuity, Pension) Nil 4. Leave Fare Concession/ Allowance Nil 5. Other fixed allowances Reimbursement of telephone expenses. 6. Perquisites (i) Furnished House (ii) Conveyance : Use of Bank car for: (a) official purpose (b) personalpurposes Nil Yes Nil 7. Driver salary Nil 8. Club membership Reimbursement of entertainment expenses including club membership fee upto INR 1,00,000p.a. 9. Reimbursement of medical expenses Nil 10. Any other perquisites Reimbursement of travel, halting allowance and other expenses incurred for attending the meetings of the Board /Committees of the Board and other official visits: as applicable to Whole Time Directors of the Bank. SittingFee: as applicable to other Directors.

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Karnataka Bank Ltd.

y Bank, Across India

Regd. & Head Office P. B. No.599, Mahaveera Circle Kankanady Mangaluru – 575 002

Phone : 0824-2228222 Fax: 0824-2225588 E-Mail : investor.grievance@ktkbank.com Website : www.karnatakabank.com CIN : L85110KA1924PLC001128

PRESS RELEASE

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Karnataka Bank gets new Chairman

Mangaluru, October 15, 2021: Private Sector lender Karnataka Bank Ltd. has received approval from the Reserve Bank of India for appointment of Mr. Pradeep Kumar Panja, an Independent Director of the Bank as Part Time Non-Executive Chairman of the Bank w.e.f. November 14, 2021 for a period of three years. He will be succeeding Mr. P Jayarama Bhat who will be completing his term of Chairmanship on November 13, 2021 as approved by the RBI.

Mr. Pradeep Kumar Panja is a career banker and retired as Managing Director (Corporate Banking) of State Bank of India (SBI), the largest bank of the country. Prior to this, he also held the post of Managing Director of State Bank of Travancore for about a year. During his long association of 39 years with SBI (3 years of which at Board level), he gained rich experience in various areas of banking including corporate and international banking, treasury management, information technology, retail, transaction banking, strategic planning, business development, risk management.

Currently he is a member of Banks Board Bureau (BBB) and also Director on the Boards of seven companies (including three listed companies including Karnataka Bank) engaged in the business of asset reconstruction, cement, real estate, NBFC, AFI etc.

Mr. Pradeep Kumar Panja hails from Panja village located in Dakshina Kannada. He is on the Board of Karnataka Bank Ltd. since August 19, 2020. His appointment as an Independent Director has been approved by the shareholders at their 97[th] Annual General Meeting held on September 2, 2021.

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Karnataka Bank Ltd.

y Bank, Across India

Regd. & Head Office P. B. No.599, Mahaveera Circle Kankanady Mangaluru – 575 002

Phone : 0824-2228222 Fax: 0824-2225588 E-Mail : investor.grievance@ktkbank.com Website : www.karnatakabank.com CIN : L85110KA1924PLC001128

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ಶರೀ ಪರದೀಪ ಕುಮಾರ ಪಂಜ ಕರಾಾಟಕ ಬಾಯಂಕನ ಹ ೊಸ ಅಧಯಕರಾಗ ನ ೀಮಕ

ಮಂಗಳೂರು : ಅಕ ೊಟೀಬರ 15 2021: ಕರ್ಾಾಟಕ ಬಾಯಂಕಿನ ಸವತಂತರ ನಿರ ೀಾಶಕರಾದ ಶ್ರೀ ಪ್ರದೀಪ್ ಕುಮಾರ್ ಪ್ಂಜ ಅವರನುು ಬಾಯಂಕಿನ ಅರ ಕಾಲಿಕ ಅಧ್ಯಕ್ಷರನಾುಗಿ ನವ ಂಬರ್ 14, 2021ರಂದ ಅನವಯವಾಗುವಂತ ಮೊರು ವರ್ಾಗಳ ಅವಧಿಯ ನ ೀಮಕಾತಿಯನುು ಭಾರತಿೀಯ ರಸರ್ವಾ ಬಾಯಂಕ್ ಅನುಮೀದಸಿದುು, ಬಾಯಂಕಿನ ಪ್ರಸಕತ ಅಧ್ಯಕ್ಷರಾದ ಶ್ರೀ ಪಿ ಜಯರಾಮ ಭಟ್ ರವರು ತಮಮ ಅಧಿಕಾರವಧಿಯನುು ನವ ಂಬರ್ 13, 2021 ಕ ೆ ಪ್ೂರ್ಾಗ ೊಳಿಸಲಿರಾುರ .

ಶ್ರೀ ಪ್ರದೀಪ್ ಕುಮಾರ್ ವೃತಿತಪ್ರ ಬಾಯಂಕರ್ ಆಗಿದುು ರ ೀಶದ ಅತಿರ ೊಡ್ಡ ಬಾಯಂಕ್ ಆದ ಸ ಟೀಟ್ ಬಾಯಂಕ್ ಆಫ್ ಇಂಡಿಯಾ (SBI) ದ ವಯವಸಾಾಪ್ಕ ನಿರ ೀಾಶಕರಾಗಿ ( ಕಾರ್ಪಾರ ೀಟ್ ಬಾಯಂಕಿಂಗ್ ) ನಿವೃತತರಾಗಿರಾುರ . ಇದಕೊೆ ಮುನು , ಅವರು ಸ ಟೀಟ್ ಬಾಯಂಕ್ ಆಫ್ ಟ್ಾರವಂಕೊರ್ ನ ವಯವಸಾಾಪ್ಕ ನಿರ ೀಾಶಕರ ಹುರ ುಯನುು ಸುಮಾರು ಒಂದು ವರ್ಾ ನಿವಾಹಿಸಿದುರು . ಎಸ ಬಿಐನ ೊಂದಗಿನ 39 ವರ್ಾಗಳ ಸುದೀರ್ಾ ಒಡ್ನಾಟದಲ ( ಅದರಲ 3 ವರ್ಾಗಳು ಬ ೊೀರ್ಡಾ ಮಟಟದಲ ), ಅವರು ಕಾರ್ಪಾರ ೀಟ್ ಮತುತ ಅಂತರಾಷ್ಟ್ರೀಯ ಬಾಯಂಕಿಂಗ್ ಖಜಾನ ನಿವಾಹರ್ , ಮಾಹಿತಿ ತಂತರಜ್ಞಾನ , ರೀಟ್ ೈಲ್ ಬಾಯಂಕಿಂಗ್ , ವಹಿವಾಟು ಬಾಯಂಕಿಂಗ್ , ಕಾಯಾತಂತರದ ಯೀಜನ , ವಾಯಪಾರ ಅಭಿವೃದಿ ಅಪಾಯ ನಿವಾಹರ್ ಸ ೀರದಂತ ಬಾಯಂಕಿಂಗ್ ನ ವಿವಿಧ್ ಕ್ ೀತರಗಳಲ ಅನುಭವವನುು ಹ ೊಂದರುತಾತರ .

ಪ್ರಸು ಅವರು “ ಬಾಯಂಕ ಬ ೊೀರ್ಡಾ ಬುಯರ ೊೀ ” ನ (BBB) ಸದಸಯರಾಗಿರಾುರ ಮತುತ ಆಸಿತ ಪ್ುನರ್ ನಿಮಾಾರ್ , ಸಿಮಂಟ್ , ರಯಲ್ ಎಸ ಟೀಟ್, ಬಾಯಂಕ ೀತರ ಹರ್ಕಾಸು ಸಂಸ ಾ (ಎನ್ ಬಿ ಎಫ್ ಸಿ), ಎ ಎಫ್ ಐ ಇತಾಯದಗಳ ವಯವಹಾರದಲ ತ ೊಡ್ಗಿರುವ ಏಳು ಕಂಪ್ನಿಗಳಲ ( ಕನಾಾಟಕ ಸ ೀರದಂತ ) . ಬಾಯಂಕ್ ನಿರ ೀಾಶಕರಾಗಿರಾುರ

ಶ್ರೀ ಪ್ರದೀಪ್ ಕುಮಾರ್ ಮೊಲತಃ ದಕ್ಷಿರ್ ಕನುಡ್ ಜಿಲ್ ಿಯ ಪ್ಂಜ ಊರನವರಾಗಿರಾುರ . ಕರ್ಾಾಟಕ ಬಾಯಂಕ್ ನಲ ಶ್ರೀ ಪ್ರದೀಪ್ ಕುಮಾರ್ ಪ್ಂಜ ಅವರು ಆಗಸಟ 19, 2020 ರಂದ ನಿರ ೀಾಶಕರಾಗಿರಾುರ . ಅವರ ನ ೀಮಕಾತಿಯನುು " ಸವತಂತರ ನಿರ ೀಾಶಕರಾಗಿ " ಷ ೀರುರಾರರು ಸ ಪ ಟಂಬರ್ 02, 2021 ರಂದು ನಡ ದ 97ನ ೀ ವಾಷ್ಟ್ಾಕ ಸಾಮಾನಯ ಸಭ ಯಲ ಅನುಮೀದಸಿದುರು .