The Board of Directors of The South Indian Bank Ltd. has accepted the request of Mr. P R Seshadri, the current Managing Director & CEO, not to seek reappointment. He has decided to pursue activities of personal interest after his current term concludes. Mr. Seshadri will continue to serve as the Managing Director & CEO until the completion of his current term, which is September 30, 2026. Following this, the Board will initiate the process to identify and appoint a successor. This process will include shortlisting suitable candidates, obtaining approval from the Reserve Bank of India, and securing shareholder consent in due course. The bank's website, www.southindianbank.bank.in, will host this information.
