
Management Change22 May 2026, 08:31 pm
South Indian Bank to Seek RBI Approval for MD & CEO Candidates
AI Summary
South Indian Bank's Board of Directors has approved a panel of candidates, in order of preference, for the position of Managing Director & Chief Executive Officer (MD & CEO), effective October 01, 2026. This decision follows recommendations from the Search Committee and the Nomination and Remuneration Committee, and is in accordance with the Banking Regulation Act, 1949 and RBI norms. The bank will submit the candidate list to the Reserve Bank of India for approval, as per extant RBI regulations. Further disclosures will be made in due course.
Key Highlights
- South Indian Bank approves panel of MD & CEO candidates.
- Appointment effective from October 01, 2026.
- RBI approval is being sought for the selected candidates.
- Decision based on Search Committee and Nomination Committee recommendations.
Price Impact
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