The Karnataka Bank Limited announced that capital Augmentation Committee of Board of the Bank at its meeting held on 18 February 2019 approved the allotment of 32,000 Rated, Unsecured, Redeemable, Non-Convertible, Basel IH Compliant, Lower Tier 2 Subordinated Bonds (Series VI) in the nature of Debentures (the "NCDs") bearing a face value of INR 100,000 each, at par to the investors identified by the Committee at its meeting held on 15 February 2019, aggregating to INR 3,200 million.