New MD & CEO: Mahesh Muralidhar Pai takes charge from Oct 1, 2026

Ceo Appointed ExternalManagement Changes View source PDF Explain this filing

SOUTHBANK · price

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Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹48.18

prior close

₹47.89

announcement price

After-mkt

timing

Nifty Microcap 250market-1.3%-0.1% vs market

Private Sector Bank peers, median of 19sector-0.7%-0.7% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.7 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

+0.2

15m

+0.2

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4-1.3-0.1-0.7-0.7

Next day

+0.8-1.3+2.1+0.3+0.5

-1.9+0.0-1.9+0.3-2.1

-1.6-0.2-1.4+0.2-1.8

-3.6-3.0-0.6-2.1-1.5

-0.2-2.7+2.5+0.4-0.6

+2.0-1.7+3.7+1.0+1.0

15d

+9.7-8.9+18.6-6.5+16.3

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UpDownMarket · Nifty Microcap 250Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

South Indian Bank announced a leadership change at the MD & CEO level. Mr. P R Seshadri retired on Sept 30, 2026 after completing his approved tenure. Mr. Mahesh Muralidhar Pai, aged 50, takes over as MD & CEO for three years from Oct 1, 2026. He brings nearly 30 years of banking experience and was formerly Chief General Manager at Canara Bank, leading digital banking and innovation. The appointment is approved by RBI and shareholders at the 98th AGM.

Likely market impact

Smooth leadership transition. New CEO brings digital banking and innovation expertise from Canara Bank, which may shape the bank's future tech-focused growth strategy.