Karnataka Bank Analysis Sep 2014

8/10/2019 Karnataka Bank Analysis Sep 2014

1/36

Analysis of Financial Results

September 2014


2/36

2

Table of Contents

Business Strategy

Financial Performance

Annexure

Company Overview


3/36

3

90 years of banking history1.

Pan-India footprint2.

Robust technology and risk management systems3.

Strong productivity, capital adequacy ratios4.

Experienced management team5.

Company Overview

Highest Standard of Corporate Governance6.

Business Process Reengineering [BPR]7.


4/36

4

Incorporated in 1924, Karnataka Bank

is one of the oldest time tested private

sector Banks

Offers wide variety of corporate and

retail banking products and services

to over 8.4millioncustomers

Forayed into General Insurance

business as a JV partner in Universal

Sompo General Insurance Company

Limited

1,390service outlets with 10Regional

Offices, 618 branches, 4 Extension

Counters and 758 ATMs in 401

centres across India as on September

30, 2014

Business Turnover of 73,914 crore as

at 30.09.2014.

1995

1977

1966

1961

1960 Took over assets and liabilities of Sringeri Sharada Bank Ltd

Took over assets and liabilities of the Chitaldurg Bank

Took over assets and liabilities of Bank of Karnataka, Hubli and opened 14 new branches

Became an authorised dealer of foreign exchange

Public issue of 45 lakh equity shares in October 1995

2000 Implementation of Finacle CBS

2002 Bancassurance tie-up with MetLife Maiden bonus issue in the ratio of 1:1

2005 Completed 2:1 rights issue to raise`160 crs

2006

Floated general insurance JV along with Allahabad Bank, Indian Overseas Bank, DaburInvestments and Sompo Japan Insurance

Launched CDSL-DP services at select branches

1924 Incorporated on 18thFebruary 1924 at Mangalore by Late B R Vyasarayachar & other leading

members of the South Kanara Region

2003 Right issue in the ratio of 1:2

2007 Completion of 100% core banking

2009 Compliance with Basel-II norms

2010 Maiden QIP aggregate`160.83 crs.

2012

BPR implementation under the guidance of M/s KPMG Advisory Services Pvt Ltd. commenced

Business Turnover crossed the milestone of`50,000 crore No. of branches crossed 500 Average turnover per branch crossed`100 crore Launched ASBA facility

2011 Right issue of`457.03 crore in the ratio of 2:5. Launched Online Trading facility

History & Evolution

2013 Secured ISO 27001 : 2005 Certificate from NQA

No. of branches reached 600 & No. of ATMs reached 7002014


5/36

Awards & AccoladesIN 2014

Bagged ASSOCHAM's [Associated Chambers of Commerce & Industry of India] Certificate of Excellence for Social

Banking, under private sector banks category.

Bagged ABP News BFSI [Banking, Financial Services & Insurance] Best Bank Award 2014 under the category of Private

Sector Banks.

Bagged FIEO [Federation of Indian Export Organization] Southern Region Export Excellence Award 2012-13 under the

category of Best Performing Financial Institution, Southern Region.

IN 2013 Bagged IBA Banking Technology Awards for 2012-13 under the following category of private sector banks:

(i) 2ndrunner up for Customer Management Initiative.

Bagged IDRBT Banking Technology Excellence Awards for 2012-13 among SmallBanksunder the following categories:

(i) Best Bank for Managing IT risks,

(ii) Best Bank for use of IT for business innovation.

Bagged Sunday Standard FINWIZ 2013 Best Bankers Awards under the following categories:

(i) Best Bank for Customer Friendliness under the category of MidsizedBanks,

(ii) Best Bank for Customer Orientation under the category of PrivateSector Banks.

(iii) Best Bank for HR under the category of PrivateSector Banks.

Bagged Runner-upof ASSOCHAM Social Banking Excellence Award 2013 under the private sector banks category.

5


6/36

6

Pan-India footprintPan-India Presence Total 1,390 outlets 10 regional offices, 618 branches,

4 Extension Counters & 758 ATMs

Specialized branches for Forex, Industrial, Agriculture,

MSME, Corporate business & Financial Inclusion

63 Financial Inclusion branches, 41 Ultra Small branches

Expanding network in northern India also.

25

21

1

4

20

7

6

7

3

384

15

5

38

9

1

4

5

40

9

3

13

Has the strongest presence inSouth India with 482 branches

No of branches & ATMs

Area wise distribution of branches (Sept 14)

558 600 618

758700

568

Sept'13 Mar '14 Sept '14

Branches ATMs

Metro

26%

Urban

30%Semi

Urban

24%

Rural

20%

Top 5 States:Karnataka (384), Tamilnadu (40),

Maharashtra (38), Andhra Pradesh (25),Delhi (20)

17

17

25


7/367

Robust technology platform and risk management systems

Integrated Risk Management Committee develops policies and strategies for integrated riskmanagement, monitors and reviews risk profile of the bank periodically

Internal Credit Rating of all the borrowers: Credit exposure above INR 25 lakh are rated borrower-wiseand credit facilities below INR 25 lakh & all schematic advances including agri-credit proposals are ratedunder Poolbased approach

Continuous offsite surveillance of borrower accounts Effective ALM/mid office set up to monitor Liquidity risk/ Market risk on a continuous basis For effective Operational risk management: Bank is building up a database of internal Loss data, near-

miss cases and other Operational risk events, since Sept 2007 Bank has taken all necessary steps for migration to BaselII advanced approachesunder Credit, Market

and Operational Risk and also implemented the presently applicable BaselIIIguidelines of RBI

Strong technology platform

Effective risk management system

Pioneer in implementing Finacle(CBS) amongst the old generation private sector banks 100% networking of branches using CBS State-of-art IT set up which has enabled Anytime Anywhere banking through alternate delivery channels

such as ATMs, International Debit Card, Internet Banking, Mobile Banking, and also other products suchas NG-RTGS, NEFT, NECS, CTS, Online Trading, ASBA facility, Gift Card, Travel Card, Biometric Smart

Card under Financial Inclusion, PoS Network, Online inward remittance facility to NRIs, etc. Bank has implemented Interactive Voice Response (IVR) System as part of its commitment to enhance

Customer Care Service Implemented Loan Account Processing System (LAPS) software for efficient life cycle management of

loan accounts and improved monitoring.

Secured ISO27001:2005certificate from NQA [National Quality Assurance] for its three I.T. set-ups,encompassing the Information Security Management System (ISMS) at Data Centre, Near line Site

[NS] at Bangalore and Information Technology Department including the DR site [IT & DR] at HeadOffice, Mangalore. Migration to the latest version - ISO 27001:2013 is under progress.


8/368

Return and Capital Adequacy Ratios

13.31%

10.53%8.44%

0.0%

5.0%

10.0%

15.0%

20.0%

Sept '13 Mar '14 Sept '14

Return on Equity (%) (after tax) Return on Assets (%) (after tax)

0.58% 0.71%

0.87%

0.0%

0.5%

1.0%

1.5%


Capital Adequacy (%) Basel II

10.0910.8210.81

2.212.482.66

13.3013.4712.31

0

2

4

6

8

10

12

14


Tier I Tier II


9/369

Productivity ratiosOperating Profit per employee (

lakh) * Operating Profit per branch (

lakh) *

129.7114.5

153.8

0

50

100

150

200


Business per employee ( crs)

10.39.69.5

0

2

4

6

810

12


Business per branch ( crs)

114.9115.6 119.6

0

20

40

60

80

100

120


11.19.6

12.7

0

3

6

9

12

15

18

Sept '13 Mar '14 Sept '14* annualised


10/3610

Financial Performance


11/3611

Income & ProfitNet Income ( crs)

687

429 401

210311

123

0

100

200

300

400

500

600

700


Operating profitNet profit

Operating and Net Profit (

crs)

Net Interest Margins (%)

576

1056

534

232

506

294

1562

828 808

0

250

500

750

1,000

1,250

1,500


Other IncomeNet Interest Income

2.37%2.40%

2.51%

0%

1%

2%

3%


Cost to Income Ratio (%)

50.40%56.07%48.19%

0%

25%

50%

75%


(6 months) (6 months)(12 months) (6 months) (6 months)(12 months)


12/36

10,74710,3089,040

33,27429,915

28,258

176

360717

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

' ' '

CASA Retail Purchase liability

12

DepositsDeposits ( crs)

Current

Account6.2%

Purchas

e

liability

0.4%

Savings

Bank

18.1%

Retail

Term

Deposits

75.3%

Deposits break up (Sept 14)

38,01444,19640,583


13/3613

Advances ( crs)

28,34526,469

29,718

0

5,000

10,000

15,000

20,000

25,000

30,000


1,364

1,574 1,656

530357288

0

500

1,000

1,500


Restructured loans Related a/cs

Restructured loans & related accounts ( crs)

Advances


14/3614

Advances

Segmentation of Advances (Sept14)

Medium

Ent.

4.1%

Other

Personal

loans

12.3% Large Ent.

15.8%

Housing

11.1%

*

Agriculture

16.9% Small-

Micro Ent.

16.8%

Others

23.0%

* However, this works out to 16.59% of the ANBC of31.03.2014.

48.9%48.2% 48.0%

51.8% 52.0% 51.1%

0%

25%

50%


Retail Advances Corporate Advances

Retail & Corporate Advances (%)


15/3615

AdvancesPriority Sector Advances ( crs)

13,15812,996

10,1499,4827,711

6,389

42.95%46.91%39.93%43.57%43.31% 45.26%

0

4,000

8,000

12,000

Mar '11 Mar '12 Mar '13 Sept '13 Mar '14 Sept '14

0%

20%

40%

Amount %

*

Agriculture Advances (

crs)

5,083

2,002

3,903

2,804

4,1864,790

16.59%17.29%16.47%

18.63%

15.85%

13.57%

0

1,000

2,000

3,000

4,000

5,000

Mar '11 Mar '12 Mar '13 Sept '13 Mar '14 Sept '14

9.0%

12.0%

15.0%

18.0%

Amount %

*

Advances to Weaker Section ( crs)

2,7512,8202,683

1,461

2,528

5408.98%

10.18%10.56%

3.66%

8.26%

12.07%

0

1,000

2,000

3,000

Mar '11 Mar '12 Mar '13 Sep t '13 Mar '14 Sep t '14

1.0%

6.0%

11.0%

Amount %

*

* Base figure for the calculation of

% is ANBC as on March 31stofprevious year.


16/36

69.6% 69.9% 67.2%

100.7%

69.3%

52.6%62.3%

70.6%

111.4%

0%

50%

100%


CD Ratio Incremental CD Ratio [Annual]

Incremental CD Ratio [Quarter]

Credit Deposit ratio (%)

CD Ratio & Yield on Advances

12.04%12.17%12.39%

4.16%4.27%4.44%

0%

5%

10%

15%


Yield on advances Interest spread

Yield on Advances & Interest Spread (%)

16


17/3617

NPAsGross NPAs ( crs)

1061

836962

2.92%3.59% 3.53%

0

250

500

750

1,000


0%

1%

2%

3%

4%

5%

6%

Gross NPA Gross NPA %

Net NPAs ( crs)

593 702

5382.37%

1.91%2.25%

0

150

300

450

600

750


0.0%0.5%1.0%1.5%2.0%2.5%3.0%

Net NPA Net NPA %

415

654

496

92

457

271

0

200

400

600


Fresh Accretions to NPA Stock

Recovery / Upgradation

Fresh accretions and recoveries (

crs)

(6 months) (6 months)(12 months)


18/3618

InvestmentsInvestments ( crs)

15,22714,960 16,933

0

5,000

10,000

15,000

20,000


Shares

0.7%

SLR

66.7%

RIDF

12.3%

Debentures,

Bonds, CD,

MF

20.3%

Yield on Investments (excl. RIDF & MF) (%)

7.69%7.48%7.42%

0%

2%

4%6%

8%


HFT

0.2%AFS

26.5%

HTM

73.3%

AFS HFT HTM TOTAL

2.36 1.83 4.28 3.76

Duration


19/36


20/3620

Business Strategy


21/36

PROJECT TEJAS BPR project of KBL

21

The Bank is implementing prioritized initiatives under

Project Tejas, a Business Process Re-engineering

[BPR] project of the Bank, which aims at high growth

with superior quality across assets & liabilities

portfolio and products & services.


22/36

Priorities Strategy Product support

Increasingthe shareof CASAdeposits

Introduction of new SB & Currentaccount schemes tailored to suit thevarious market segments andperiodical overhauling of the schemeswith necessary sophistication /upgradation.

Increasing the penetration level ofalternate delivery channels such asATMs, Internet banking and mobilebanking facilities, POS etc.

Pushing the use of electronic

payment facilities like Real TimeGross Settlement (RTGS) and NEFT.

Effective marketing through afocused marketing vertical.

Holding CASA campaigns to reachout to new clients.

Salaried PersonsKBL Salary Privilege

StudentsKBL TarunKBL Kishore

WomenKBL Vanitha

HNIsKBL SB Money SapphireKBL SB Money PlatinumKBL SB Money Ruby

Businessmen/CorporatesKBL Current AccountsGeneralMoney PearlMoney RubyMoney Diamond

Money PlatinumMoney Diamond Plus

Business Strategy

22


23/36

Priorities Strategy Product support

Credit

inCentreStage

Augmenting the credit disbursal throughspecially identified Focused Attention

Branches (FAB).Thrust on Micro, Manufacturing andService sector under MSME lending andintroduction of new loan products forMSME.

Modification in organizational set up foreffective credit dispensation andmonitoring.

Thrust on maintaining quality of creditand effective credit monitoring throughcreation of Regular Asset Monitoring Cell(RAM Cell) and Stressed Asset Monitoring

Cell (SAM Cell). Tackling Non Performing Assets throughearly and effective recovery action.

More thrust for Financial Inclusionagenda.

Housing & Car loan campaign has startedto have focused attention.

Business Strategy

23

Agri Sector

KBL- Instant

Agri CreditKBL - Agri GoldKBL - Kissan

Credit Card

KBL- Krishik

SarathiKBL Krishik

GodhamKBL Kisan Mitra

MSME Sector

KBL- MSE(Traders, Professionals,

Transport Operators etc)

KBL MSESupport

Vyaapar Mithra

Housing

KBL- Apna GharKBL Home

ComfortKBL - Ghar

Niveshan

KBL-Apna GharElite

KBL - MortgageKBL - Lease N Cash

Consumption

KBL- Car LoanKBL- Salaried

Persons

KBL- Insta CashKBL - Easy RideKBL-New Vahana

Mitra

Students KBL- Vidyanidhi

Women KBL- Mahila Udyog


24/36

Priorities Strategy Product supportAugmenting

Fee Income

Leveraging the Clientele base to enhance the

OtherIncomeby Cross Selling / upselling ofother products such as insurance & mutualfund products, lockers, gift cards, travel cards,etc.Effective utilisation of customersegmentation tool CLIVE tool & CAF toolprovided by KPMG.

Concentrating more on acquirer business inATM channel.Appropriate counselling on FinancialPlanning relevant for various stages of oneslife/life style.

Life Insurance products

General Insurance productsMutual Fund products

Demat Services

Online Trading

POS Network

Gift Card

Travel Card

ASBA facility

Online inward remittancefacility for NRIs

Customer

RelationshipManagement

Retention / Acquisition of customer

through constant improvement in theservices rendered.

Speedy redressal of customer complaints& grievances.

Special attention & support to senior

citizens and differently enabled customers.

ATM facilities

Internet Banking facilitiesMobile BankingMoneyplant Visa

International Debit CardsE - Commerce Online paymentthrough Debit CardMCommerce Payment thro MobileMissed Call Banking facility

A dedicated Customer Service &Grievance Redressal Cell at HO.

Business Strategy

24


25/36

Financial Inclusion Initiative

25

Bank is providing banking services to rural unbanked areas through 104 outlets, including 41 Ultra

Small Branches [USBs].

Bank plans to open another 41 service outlets, including 25 USBs, by the end of March 2015. Bank has sponsored 3 Financial Literacy & Credit Counseling [FLCC] Centres & plans to open 2 more

FLCCs in the current Financial Year.

Bank is one of the Trustees of Karnataka FarmersResource Centre, which serves as a Resource Centre

for providing training, counseling & consultancy services to farmers.

Bank is participating in the Govt. of Karnataka EBT Pilot project for NREGA / SSP beneficiaries.

Bank is participating in DBT programme of Govt. of India.

Bank has tied up with M/s BASIX Sub-k iTransactions Ltd. for providing end-to-end Business

Correspondent Services in the 82 Gram Panchayats covering 357 villages in the states of Karnataka and

Chattisghar.

Bank has introduced Basic Savings Bank Deposit Account [BSBD] & SB-Small Account with simplified

KYC requirement for hassle free opening of account.

Bank has also introduced the revised General Credit Card scheme which enables customers in rural &

semi urban area to avail hassle free credit for entrepreneurs in rural areas.

Bank is conducting account opening camps at various centers under Pradhan Mantri Jan-Dhan Yojana

[PMJDY].


26/36

MSME Initiative

26

Focused attention through 160 specialised MSME branches to ensure hassle free flow of

credit to the sector.

Holding MSME cluster meets at various centres in association with stakeholders like DIC,ASSOCHAM, DSIA, etc.

Simplified systems & procedures, attractive rates of interest & collateral free loans upto

10 lakh.

Bank is extending differential rate of interest to MSE loans covered under CGTMSE.

Bank is not charging Processing Charges for loans to MSEs, upto 5 lakh limit.

Bank has entered into a MOU with Reliance Capital Ltd. for financing of MSMEs through

co-financing arrangement.

Bank has entered into a MOU with Credit Analysis & Research Ltd (CARE), for providing

Credit Rating Services & Due Diligence Services to the MSME clients of the Bank. Bank has entered into a MOU with M/s Ashok Leyland, Tata Motors, BEML, TVS Motors

for purchase of vehicles by Micro & Small Entrepreneurs.


27/36

Other initiatives / developments

27

Agrimeetsare being held at various agri centres, by involving NABARD & Lead Bank.

Bank has entered into a MOU with M/s V.S.T Tillers Tractors Ltd. for financing farmers for purchase of

Tractors, Tillers and Farm Machineries.

Bank has entered into a MOU with M/s STARAGRI, for extending storage facilities to farmers and

finance against the warehouse receipts [WHR].

Exportersmeets are being held at various potential centres, in association with FIEO.

Bank has tied up with Times of Money to offer an internet based online money transfer solution,

Remit2India,to NRIs.

Bank has partnered with M/s UAE Exchange & Financial Service Lt.d., to offer inward remittance

arrangement with Xpress Money Services as a sub agent, with which NRIs can transfer money from

more than 150 countries.

Bank has been assigned a score of 75.9 under BCSBI Code Compliance Rating, indicating Above

Averagelevel of compliance & ranked 20 among 48 member banks.

MissedCall Banking Solutionsince introduced for account balance enquiry & mini statement.

Bank has launched i-Hundi facility through Interactive Voice Response [IVR] channel, wherein

Bankscustomers can donate funds to adored deities/temples/trusts which are registered with the Bank.


28/36

28

Annexure


29/36

29

Deposits & Advances

29

crs Sept-13 Mar-14 Sept-14

Total Deposits 38,014 40,583 44,196

CASA Deposits 9,040 10,308 10,747

Retail Deposits 28,258 29,915 33,274Purchase liability, CD, IBD 717 360 176

Total Advances 26,469 28,345 29,718

Priority Sector Advances 10,149 12,996 13,158

Agri Advances 4,186 4,790 5,083

MSE Advances 4,250 4,835 5,046

Advances to Weaker Section 2,683 2,820 2,751


30/36

30

Income & Expenditure

crs Mar-14[12 months]

Sept-13[6 months]

Sept-14[6 months]

Interest Income 4,189 2,062 2,300Interest Expense 3,133 1,528 1,724

Net Interest Income 1,056 534 576

Fee Income 404 211 198

Treasury Income 102 83 34

Non-Interest Income 506 294 232

Total Income(Net of Interest Expense)

1,562 828 808

Operating Expenses 875 399 407

Operating Profit 687 429 401

Provision for loan losses in Adv./ losses in Invts. / Taxes / other 376 306 191

Net Profit 311 123 21030


31/36

31

crs Mar-14[12 months]

Sept-13[6 months]

Sept-14[6 months]

Interest Income

Interest Income 4,189 2,062 2,300

Interest on Advances 3,162 1,557 1,710

Interest on Investments 1,022 496 586

Other interest 5 9 4

Yield on Advances 12.17% 12.39% 12.04%Adjusted yield on Invts. 7.34% 7.80% 7.71%

Interest Expense

Interest Expense 3,133 1,528 1,724

Interest on Deposits 2,976 1,455 1,659

Other interest 157 73 65Cost of Deposits 7.90% 7.95% 7.88%

Net Interest Income

Net Interest Income 1,056 535 576

Interest Spread in Lending 4.27% 4.44% 4.16%Net Interest Margin on average assets 2.40% 2.51% 2.37%

Interest Income & Interest Expenditure

31


32/36

32

Capital Adequacycrs Sept-13 Mar-14 Sept-14

Total Risk Weighted Assets Basel II 26,068 28,200 30,240

Total Risk Weighted Assets Basel III 26,117 28,247 30,289Total Capital Fund 3,511 3,752 3,722

Total Tier I Capital 2,819 3,052 3,052

Paid up Equity Capital 188 188 188

Reserves under Tier I Cap. 2,631 2,864 2,864

Total Tier II Capital 692 699 670

Surplus Provisions & Reserves 186 199 234

Subordinated Debt Fund 506 500 436

CRAR under Basel II 13.47% 13.30% 12.31%

CRAR Tier I Capital 10.81% 10.82% 10.09%CRAR Tier II Capital 2.66% 2.48% 2.21%

CRAR under Basel III 13.22% 13.20% 12.08%

CRAR Common Equity Tier I Capital 10.57% 10.73% 10.04%

CRAR Tier I Capital 10.57% 10.73% 10.04%

CRAR Tier II Capital 2.65% 2.47% 2.04%32


33/36

Outlook for 2014 -15

33

Business Turnover of 83,000 crore.

75 new Branches to take the total no. of Branches to 675. 300 new ATMs to take total no. of ATMs to 1,000.

Introduction of technology based facilities: e-Lobby, Passbook Printer Kiosk,

Loyalty points for debit card operations, Online account opening, Mobile POS

(MPOS), Online customer grievance redressal mechanism.


34/36

BANK HAS COMPLETED 9 DECADES OF

PURPOSEFUL BANKING ON FEBRUARY 18, 2014. WE

EXPRESS OUR HEARTFELT GRATITUDE TO ALL OUR

STAKE HOLDERS FOR THEIR TRUST & SUPPORTAND SOLICIT THEIR CONTINUED PATRONAGE, AS

WE CONTINUE OUR JOURNEY WITH RENEWED

DEDICATION & COMMITMENT.

34


35/36

Board of Directors

T S VishwanathNew DelhiChartered AccountantFormer President,ICAI

D Harshendra Kumar

Shri KshethraDharmastala,Dakshina Kannada

Dr. H Rama MohanKundapuraMedical Practitioner

S V Manjunath

ChikmagalurPlanter

AnanthakrishnaNon Executive Chairman

P Jayarama BhatManaging Director & CEO

T R ChandrasekaranChennai CharteredAccountant

35

Ashok HaranahalliBangaloreAdvocate

Mrs Usha Ganesh, IASBangaloreFormer Member ofKarnatakaAdministrativeTribunal

Rammohan Rao BelleBangalore FormerMD & CEO, SBI Gen.Insu. Co. Ltd

B A PrabhakarBangaloreFormer Chairman & MD ofAndhra Bank


36/36

Disclaimer

This presentation has been prepared by Karnataka Bank (the Bank)solely for providing information about the Bank. This presentation is confidential and may notbe copied or disseminated, in whole or part, in any manner. This presentation has been prepared by the Bank based on information and data which the Bankconsiders reliable, but the Bank makes no representation or warranty or undertaking, express or implied, whatsoever, and no reliance shall be placed on, the truth,accuracy, completeness, fairness, correctness and reasonableness of the contents of this presentation. This presentation has not been approved and will not be

reviewed or approved by any statutory or regulatory authority in India or by any Stock Exchange in India and may not comply with all the disclosure requirementsprescribed thereof. This presentation may not be all inclusive and may not contain all of the information that you may consider material. No part of it should form

the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. Any liability inrespect of the contents of, or any omission from, this presentation is expressly excluded. No representation or warranty, express or implied is made as to, and no

reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. Neither the Bank nor any of itsrespective affiliates, advisers or representatives, shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this

presentation or its contents or otherwise arising in connection with this presentation. The information contained in this presentation is only current as of its date.Certain statements made in this presentation may not be based on historical information or facts and may be forward-looking statements,including those relating

to the Banksgeneral business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitiveand regulatory environment. Actual results may differ from these forward-looking statements due to a number of factors, including future changes or developments

in the Banksbusiness, its competitive environment, information technology and political, economic, legal and social conditions in India and worldwide. Further,

past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not toplace undue reliance on these forward-looking statements. The Bank disclaims no obligation to update forward looking statements to reflect events or circumstancesafter the date thereof. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needsof any particular person. This presentation and any information presented herein are not intended to be, offers to sell or solicitation of offers to buy the Banksequityshares or any of its other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. TheBanksequity shares have not been and will not be registered under the U.S. Securities Act 1993, as amended (the Securities Act)or any securities laws in the UnitedStates and, as such, may not be offered or sold in the United States or to, or for the benefit of, U.S. persons (as such term is defined in Regulation S under theSecurities Act) absent registration or an exemption from the registration requirements of the Securities Act and applicable laws. Any offering of the equity sharesmade, if any, in the United States (or to U.S. persons) was made by means of a prospectus and private placement memorandum which contained detailedinformation about the Bank and its management, as well as financial statements. The Bank may alter, modify or otherwise change in any manner the content of thispresentation, without obligation to notify any person.

Karnataka Bank Analysis Sep 2014

Documents

Transcript of Karnataka Bank Analysis Sep 2014