Karnataka Bank has announced the resignation of Mr. Venkateswarlu Mallineni, who served as the Head of Liabilities Sales, Third-Party Products, and Government Business. The resignation, submitted on May 4, 2026, has been formally accepted by the bank. Mr. Mallineni, a General Manager at the institution, officially ceased his duties at the close of business hours on May 16, 2026, citing personal reasons for his departure.
Resignation of Key Personnel
Karnataka Bank has confirmed that Mr. Venkateswarlu Mallineni has stepped down from his role as Head of Liabilities Sales, Third-Party Products, and Government Business. The resignation was officially processed following the submission of his request on May 4, 2026. As a Senior Management Personnel, Mr. Mallineni’s departure marks a transition within the bank’s leadership team effective from May 16, 2026.
Leadership Transition
In his communication to the management, Mr. Mallineni expressed his gratitude for the opportunity to have served the institution and highlighted his commitment to the bank’s growth during his tenure. The bank has acknowledged his service and confirmed that all necessary internal formalities have been completed to facilitate his exit from the organization. Following this announcement, the bank continues to operate its strategic business units as per its established operational framework.
Source: BSE
