The Reserve Bank of India has approved Mahesh Muralidhar Pai's appointment as Managing Director and CEO. This appointment is for a three-year term, commencing on October 1, 2026. The bank's board will consider this approval at their upcoming July 16 meeting. Shareholders will then provide their necessary approval for the appointment. South Indian Bank shares experienced a significant decline following this announcement.

Mahesh Pai appointed Managing Director & CEO of South Indian Bank, effective October 1, 2026, pending shareholder approval.

South Indian Bank shares fell sharply on Wednesday, snapping a four-session winning streak as investors booked profits after a sharp three-month rally. Meanwhile, the RBI approved…

The Reserve Bank of India has approved Mahesh Muralidhar Pai's appointment as Managing Director and CEO. This appointment is for a three-year term, commencing on October 1, 2026.…

Mahesh Muralidhar Pai will become South Indian Bank's new MD and CEO. The Reserve Bank of India approved his appointment, effective October 1. He brings three decades of banking…

Mahesh Muralidhar Pai will become South Indian Bank's new MD and CEO. The Reserve Bank of India approved his appointment, effective October 1. He brings three decades of banking…