RBI approves Mahesh Muralidhar Pai as South Indian Bank MD and CEO from Oct 1, 2026
SOUTHBANK · price
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South Indian Bank has received RBI approval to appoint Mahesh Muralidhar Pai as Managing Director and CEO for three years, effective October 1, 2026. The Board will formally approve the appointment on July 16, followed by shareholder approval. He is currently Chief General Manager at Canara Bank, aged 50, with about 30 years of experience across digital banking, treasury, forex, retail, agriculture, and MSME credit. He is an external hire with no family ties to existing directors.
A seasoned external banker with strong digital and universal banking expertise takes the top role, seen as a positive for leadership stability and growth direction.