South Indian Bank has submitted a regulatory disclosure to the National Stock Exchange of India Ltd. and BSE Ltd. regarding the appointment process for the Managing Director & Chief Executive Officer (MD & CEO) position.
The disclosure is made pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This communication follows up on a previous letter dated January 29, 2026 (Ref: SEC/ST.EX.STT/178/2025-26).
The Board of Directors of the Bank has approved a panel of candidates for the MD & CEO position, arranged in order of preference. This approval was made on May 22, 2026, based on recommendations from both the Search Committee and the Nomination and Remuneration Committee of the Bank.
The appointment process is being conducted in compliance with the Banking Regulation Act, 1949 and extant Reserve Bank of India (RBI) norms. The new MD & CEO is scheduled to assume office effective October 1, 2026.
The Bank will now submit an application to the Reserve Bank of India containing the names of the candidates in order of preference, seeking regulatory approval for the appointment of the new MD & CEO.
The Bank has committed to making requisite disclosures pursuant to the Regulations in due course and has hosted this information on its official website (www.southindianbank.bank.in).