Summary of Key Information:
- Stock Exchange Listings:
- NSE Scrip Code: SOUTHBANK
- BSE Scrip Code: 532218
- Nature of Event: Appointment of Managing Director & CEO
- RBI Approval Date: July 07, 2026
- Effective Date: October 1, 2026
- Term: Three years
- Board Meeting Date: July 16, 2026 for appointment
- Shareholder Approval: To be obtained as per Companies Act, 2013 and SEBI Listing Regulations
- Appointee: Mr. Mahesh Muralidhar Pai (DIN: 09164982)
- Profile: Accomplished banker with close to 3 decades of experience across governance, strategy, treasury, foreign exchange, retail, agriculture, and MSME credit. Currently Chief General Manager at Canara Bank spearheading digital banking and innovation. Has handled multiple strategic initiatives including setting up of gold loan vertical and headed large zones. Professional experience includes overseas operations at New York, USA, and directorships in Canara Bank Tanzania Ltd, FIMMDA, Swift India Domestic Services Private Ltd, Secondary Loan Market Association, Karnataka State Financial Corporation, and Canara Bank Securities Ltd.
- Relationships: Not related to any Directors of The South Indian Bank Ltd.
- Debarment Status: Not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India or any other authority.
- Regulatory References: RBI letter no. CO.DOR.HGG.No.S2995/08-51-001/2026-2027 dated July 07, 2026; SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Regulation 30.
Analyst Notes:
Factual information based on the disclosure. No speculative content included.