The South Indian Bank Limited has informed the Exchange regarding 'Intimation under Regulation 8(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.'.
SOUTHBANK · price
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The South Indian Bank has informed stock exchanges that its Board of Directors, at a meeting held on 23rd September 2025, approved amendments to its 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.' The filing is made under Regulation 8(2) of SEBI's Prohibition of Insider Trading Regulations, 2015. The updated code outlines how the bank handles confidential price-sensitive information, designates a Compliance Officer (Company Secretary Jimmy Mathew) and a Chief Investor Relations Officer, enforces Chinese walls between departments, and mandates a Structured Digital Database to track all sharing of UPSI. It also details procedures for inquiry in case of UPSI leaks, disciplinary actions, and roles of insiders and designated persons. The full revised code has been hosted on the bank's website (www.southindianbank.com).
This is a routine regulatory and governance compliance update with no material impact on the bank's financials, operations, or stock price. It reinforces the bank's internal framework to prevent insider trading and ensure fair disclosure of sensitive information to all shareholders equally.