Karnataka Bank Senior Management Change: Venkateswarlu Mallineni Resigns as Head of Liabilities Sales, Third-Party Products and Government Business
Karnataka Bank disclosed the resignation of Mr. Venkateswarlu Mallineni, Head of Liabilities Sales, Third-Party Products and Government Business, effective from the close of business hours on 16.05.2026. The resignation was submitted on personal grounds vide letter dated 04.05.2026. The disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015, by Company Secretary and Compliance Officer Sham K. Mr. Venkateswarlu Mallineni, who held the designation of General Manager with Employee Number 15561, ceases to be a Senior Management Personnel of the bank with effect from 16.05.2026.

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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:
| Parameter: | Details |
|---|---|
| Name: | Mr. Venkateswarlu Mallineni |
| Designation: | Head of Liabilities Sales, Third-Party Products and Government Business |
| Reason for Change: | Resignation |
| Resignation Letter Date: | 04.05.2026 |
| Effective Date of Cessation: | Close of business hours on 16.05.2026 |
| Grounds: | Personal |
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.
Historical Stock Returns for Karnataka Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.34% | -7.76% | +2.14% | +41.38% | +18.50% | +271.75% |
Who will Karnataka Bank appoint as the successor to lead Liabilities Sales, Third-Party Products and Government Business, and what qualifications will they prioritize?
How might the departure of a General Manager overseeing government business and third-party products impact Karnataka Bank's revenue streams and strategic partnerships in the near term?
Does this resignation signal a broader trend of senior talent attrition at Karnataka Bank, and could it affect investor confidence in the bank's management stability?


































