South Indian Bank Ltd Share Price – NSE /  BSE

Banks, Small Cap

Pai, 50, is currently serving as Chief General Manager at Canara Bank, where he heads digital banking and innovation. He has nearly three decades of experience across governance, strategy, treasury, foreign exchange, retail banking, agriculture and MSME credit.

During his tenure at Canara Bank, Pai has led several strategic initiatives, including the establishment of the bank's gold loan vertical, and has also headed one of its largest operational zones. His international experience includes a stint in the bank's New York operations.

Pai has previously served as a director of Canara Bank Tanzania Ltd and represented the bank on industry bodies, including the Fixed Income Money Market and Derivatives Association of India (FIMMDA), SWIFT India Domestic Services Pvt Ltd and the Secondary Loan Market Association.

He currently serves as a director on the boards of Karnataka State Financial Corporation and Canara Bank Securities.

According to the bank, Pai is recognised for his strategic leadership, execution capabilities and experience across the full spectrum of universal banking. The bank also said he is not related to any of its existing directors.

South Indian Bank provides retail and corporate banking, para banking activities such as debit / credit card, third party financial product distribution, in addition to Treasury and Foreign Exchange Business.

The company?s standalone net jumped 19.1% to Rs 407.50 crore in Q4 FY26 as against Rs 342.19 crore in Q4 FY25. Total income shed 0.01% to Rs 2,945.42 crore in Q4 FY26 as against Rs 2,945.81 crore in Q4 FY25.

Shares of South Indian Bank was down 7.08% at Rs 44.41 on the BSE today. It surged 4.94% over the past four trading sessions.

Powered by Capital Market - Live News

South Indian Bank will hold a meeting of the Board of Directors of the Company on 16 July 2026.

South Indian Bank has received the approval of Reserve Bank of India for the appointment of Mahesh Muralidhar Pai (DIN: 09164982) as Managing Director & CEO of the Bank for a period of three years with effect from 01 October 2026.

Further, an agenda for appointment of Mahesh Muralidhar Pai (DIN: 09164982) as the Managing Director & CEO of the Bank will be placed to the Board meeting scheduled to be held on 16 July 2026 and the approval of the shareholders shall be obtained thereafter.

South Indian Bank has allotted 4,47,177 equity shares under ESOS on 24 June 2026. Consequently, as on 24 June 2026 the Issued and Subscribed Capital of Bank stands increased to Rs.2,61,80,66,063.00 divided into 2,61,80,66,063 equity shares of Re.1/- each.