Karnataka Bank Ltd. has appointed Mrs. Biji Sreekrishnavilas Sankaranarayanan as an Additional Director, designated as a Whole Time Director in the capacity of Executive Director and Key Managerial Personnel (KMP). The appointment was made during the Board meeting held on May 19, 2026, and is valid for a period of three years from the date she takes charge.

The Reserve Bank of India had conveyed its approval for this appointment via a letter dated May 13, 2026. The bank confirmed that Mrs. Sankaranarayanan has not been debarred from holding the office of Director by SEBI or any other authority. The appointment is subject to the approval of the shareholders in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013.

Profile of the Appointee

Mrs. Biji Sreekrishnavilas Sankaranarayanan brings 31 years of experience to the role. She is a Strategic Banking Leader with expertise spanning corporate banking, retail & branch banking, liabilities, secured assets, transformation, and digital modernization.

Her professional track record includes steering nationwide banking networks comprising 950 branches as independent profit centres. She has experience in scaling corporate banking verticals, strengthening risk frameworks, and improving asset quality. Additionally, she has focused on accelerating enterprise-wide profitability and building high-performance leadership pipelines.

Mrs. Sankaranarayanan holds a Post Graduate degree in Mathematics, an MBA in HR, and a Professional Certification in Management of Social Initiatives from IIMK. She is not related to any of the existing Directors on the Bank's Board.

Appointment Details

Karnataka Bank has informed the stock exchanges of a change in its Senior Management Personnel, pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Venkateswarlu Mallineni, who held the position of Head of Liabilities Sales, Third-Party Products and Government Business, has resigned from the services of the bank on personal grounds. His resignation, submitted vide letter dated 04.05.2026, became effective from the close of business hours on 16.05.2026.

Senior Management Resignation Details

The disclosure was filed by Sham K, Company Secretary and Compliance Officer of Karnataka Bank, in compliance with SEBI Master Circular No.: SEBI/HO/49/14/14(7) 2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The key details of the change in Senior Management, as furnished in the regulatory annexure, are as follows:

With effect from the close of business hours on 16.05.2026, Mr. Venkateswarlu Mallineni ceases to be a Senior Management Personnel of Karnataka Bank.

Resignation Letter Highlights

In his resignation letter addressed to the Managing Director and CEO of Karnataka Bank, Mr. Venkateswarlu Mallineni cited personal grounds as the reason for his departure. He expressed gratitude for the opportunity to serve the institution and acknowledged the guidance and support extended by the management throughout his tenure. He also requested to be relieved from his duties at the earliest convenience. Mr. Venkateswarlu Mallineni held the designation of General Manager and carried Employee Number 15561 at the time of his resignation.

The copy of the resignation letter dated 04.05.2026, along with the detailed reason, has been enclosed with the regulatory filing submitted to the National Stock Exchange of India Limited and BSE Limited.