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Karnataka Bank Ltd. — Regulatory Filings 2021
Jul 7, 2021
61811_rns_2021-07-07_226ee096-2a7b-4086-9431-3ea944458ffb.pdf
Regulatory Filings
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Yoiir Famlly Bent, Across lndla.
Regd. & Head office P. B. No.599, Mahaveera Circle Kankanady Mangaluru -575 002
PPhone : 0824-2228222 E-Mail : [email protected] Website : www.kamatakabank.com CIN : L85110KA1924PLCO01128
SECRETARIAL DEPARTMENT
July 7, 2021 TJryo / s;Hc /78 / 2JffR:i-22_
The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza,C-1, Block G Bandra-Kurla Complex, Bandra q]) MUMBAI400051
The General Manager, BSE Linrited Corporate Relationship Dept Phiroze Jeejeebhoy Towers Dalal Street, NIMBAI400001
Scrip Code: KTKBANK
Scrip Code: 532652
Dear Sir,
Reg.: Intimation under Regulation 30 : Penalty imposed by the RBI on the Bank.
Pursuant to Regulation 30 of the SEBI (LODR), Regulations, 2015, we wish to inform that the Reserve Bank of India q2BI), vide email dated July 7, 2021, has imposed a monetarry penalty of Rs. 1 Crore quupees one crore only) on the Bank for contravention of the directions contained in RBI Circulars on Lending to Non-Banking Financial Companies (NBFCS)' andBank Finance to Non-Banking Financial Companies (NBFCS)' while sanctioning credit facilities to in/s. Infrastructure Leasing and Financial Services Ltd.(IL&FS) and its group companies.
We further inform that, as Bank had already made full loan provisiorL there is no other financial impact other than the penalty amount.
We request you to take the above information on record.
This disclosure will also be hosted on the Bank's website www.karnatakabank.com.
Thank you,