South Indian Bank Appoints Mahesh Pai as OSD

Key Appointment Details

South Indian Bank has appointed Mr. Mahesh Muralidhar Pai (DIN: 09164982) as "Officer on Special Duty (OSD)" for the interim period from September 16, 2026 to September 30, 2026. This appointment was approved by the Bank's Board to facilitate an orderly transition and enable Mr. Pai to familiarize himself with the affairs, business operations, policies, systems, governance framework and key functions of the Bank before assuming charge as Managing Director & CEO.

Background and Context

This appointment follows the Bank's previous intimation (Ref: SEC/ST.EX.STT/47/2026-27 dated 08-07-2026) regarding Mr. Pai's appointment as MD & CEO for a period of three years with effect from October 1, 2026. The MD & CEO appointment was approved by the Reserve Bank of India (RBI) and shareholders of the Bank at the 98th Annual General Meeting held on August 20, 2026.