Karnataka Bank Senior Executive to Depart

Karnataka Bank Ltd. announced that Mr. Venkateswarlu Mallineni, Head of Liabilities Sales, Third-Party Products and Government Business, has resigned. His departure is effective May 16, 2026, and he cited personal grounds for the decision.

The bank made the disclosure in accordance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The Head of Liabilities Sales is a critical position for Karnataka Bank, overseeing strategies for mobilizing customer deposits and driving revenue through various financial products and government business. The role is key to the bank's growth strategy.

This vacancy in a key senior management role necessitates careful succession planning to ensure business continuity and maintain client confidence. Investors will likely watch how the bank manages this transition and appoints a successor.