Media Release
Mangaluru, June 30: Karnataka Bank has issued a strong clarification following the circulation of what it described as “false and malicious” information by certain media outlets and social media platforms. The Bank said the news being shared was aimed at creating confusion among its customers and was completely baseless.
In a media statement released on Sunday, the 101-year-old private sector bank expressed deep concern over the spread of what it called defamatory content that undermines public confidence. The Bank stated that the false claims were being spread indiscriminately and without verification, violating the basic norms of responsible journalism.
Karnataka Bank reassured its customers and stakeholders that the Bank's financial position remains strong and secure. It emphasized that the safety and security of depositors’ money has always been, and continues to be, its top priority.
According to the statement, the Bank maintains a Capital Adequacy Ratio (CAR) of over 19.85%, which it said is well above regulatory requirements and reflects the Bank’s financial strength and prudent risk management practices. The management reiterated that the institution continues to function with resilience, transparency, and integrity, upholding the trust placed in it by generations of customers.
The Bank condemned what it called “sensationalised and irresponsible reporting” by a media outlet and announced that legal proceedings had been initiated against the concerned party.
The Bank noted that the media channel in question had failed to seek any clarification from Karnataka Bank before publishing the claims—a step it described as a fundamental aspect of ethical journalism that was completely ignored.
In its communication, Karnataka Bank urged the public to rely solely on official announcements and not to be influenced by rumors or unverified news that could trigger unnecessary panic.
The Bank described itself as a pillar of stability, trust, and customer-centric service in the Indian banking sector.
The Bank concluded by affirming its unwavering commitment to ethical governance, transparency, and the continued service of its customers.