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Mangalore, April 24 The board of Karnataka Bank Ltd, which met in Bangalore on Thursday, discussed options about raising capital but it did not take any decision on it. Mr Ananthakrishna, Chairman and Chief Executive Officer of the bank, told Business Line over phone from Bangalore, “any decision on raising capital will be taken only after finalising the balance sheet.”. The RBI had communicated to the Karnataka Bank its inability to accede to the bank’s proposal for allotment of 63.73 lakh equity shares on preferential basis to International Finance Corporation (IFC), Washington. The board, which was informed about this development on Thursday, decided to work out other options, he said.

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