Regd & Head Office:Mahaveera Circle, Kankanady, Mangalore- 575 002 CIN:L85110KA1924PLC001128 Telephone no.0824-2228222 Fax no.0824-2225588 Email:
[email protected] Website: www.karnatakabank.com Dear Shareholder, Greetings from Karnataka Bank and I hope all is well with you and your family. Countries across the globe are battling on all fronts against the outbreak of COVID-19, which has been declared as a Pandemic by the World Health Organization. COVID-19 is an unfolding event bringing uncertainty and India has also been considerably affected by the pandemic. The ongoing pandemic has posed a sizeable impact on life as well as business in the country across the sectors. Though, the magnitude of impact on different sectors varies, none of the sectors are completely out of its repercussions. Governments and Reserve Bank of India have come out with several monetary, regulatory and fiscal measures reassuring the affected sectors and providing much needed financial assistance at these times of distress. We, in Karnataka Bank, are making all out efforts to minimise the repercussion arising out of COVID-19 pandemic and to meet the stakeholders’ interest. The Financial Year 2019-20 posed several challenges to the banking sector, yet, your Bank has shown resilience and been successful in registering a satisfactory performance. The audited financial results for the quarter and year ended March 31, 2020 approved by the Board of Directors at the meeting held on June 6, 2020 is a testimony to the strength of your Bank and we are glad to share our performance highlights with you through this communication for kind information.