The South Indian Bank Limited has announced that the Reserve Bank of India (RBI) has approved the appointment of Mr. Mahesh Muralidhar Pai (DIN: 09164982) as the Managing Director & CEO of the bank. The approval was conveyed by the RBI vide its letter dated July 07, 2026. Mr. Pai's appointment is for a period of three years, effective from October 1, 2026. An agenda for Mr. Pai's appointment will be presented to the Board of Directors at a meeting scheduled for July 16, 2026. Following the board's approval, shareholder approval will be sought as per applicable provisions of the Companies Act, 2013, and SEBI Listing Regulations. Mr. Mahesh Muralidhar Pai, aged 50, brings nearly three decades of experience in governance, strategy, treasury, foreign exchange, retail, agriculture, and MSME credit. He is currently the Chief General Manager at Canara Bank, leading digital banking and innovation. His experience includes overseas operations and directorships in various financial entities. He is not related to any directors of The South Indian Bank Ltd. and is not debarred from holding a director's office by any authority.
