Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015
SOUTHBANK · price
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The Board of Directors of South Indian Bank Ltd has approved a panel of candidates, in order of preference, for the position of Managing Director & Chief Executive Officer (MD & CEO). The appointment would be effective from October 1, 2026. The Search Committee and Nomination and Remuneration Committee made the recommendations. The Bank will now submit its application to the Reserve Bank of India seeking approval for the appointment as per extant RBI norms. This follows an earlier communication dated January 29, 2026.
The bank is preparing for a leadership transition effective October 2026. The appointment remains subject to RBI approval, and the market will be informed once a final decision is made. This is standard procedure for senior banking appointments.