The South Indian Bank Limited has received approval from the Reserve Bank of India (RBI) for the appointment of Mr. Mahesh Muralidhar Pai as its new Managing Director & CEO. The approval was conveyed vide RBI's letter dated July 07, 2026. Mr. Pai's appointment is for a period of three years, effective from October 1, 2026. An agenda for his appointment will be presented to the Bank's Board meeting scheduled for July 16, 2026, following which shareholder approval will be sought as per the Companies Act, 2013, and SEBI Listing Regulations. Mr. Mahesh Muralidhar Pai, DIN: 09164982, is an accomplished banker with 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, overseeing digital banking and innovation, and has held strategic roles including overseas operations in New York 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 directorship by any authority.
