Mysuru: Dinesh M. Venkatalingaiah, President of the City Co-operative Bank located on Sri Harsha Road in city has quit his post on June 1, in order to make way for others.

Dinesh had taken over as the Bank President on Feb. 15, 2015.

In his resignation letter to the Bank’s in-charge Manager, Dinesh said he was resigning to facilitate other Directors to occupy the post.

Listing out his achievements, Dinesh said the NPA came down to less that 10 percent and the Bank was able to announce 10 percent dividend to its members for the first time after a gap of 27 years.

He has thanked Bank Vice-President N. Prakash, the Board of Directors and the Bank staff for their Co-operation.