South Indian Bank says RBI approves Mahesh Muralidhar Pai’s appointment as MD, CEO

• RBI has approved Mahesh Pai as the new MD & CEO for 3 years, starting from October 1, 2026.
• The bank’s board will discuss this on July 16, and then shareholders will give final approval.
• After this news, South Indian Bank’s share price fell sharply

A new CEO has been approved, but investors reacted negatively, so the bank’s shares went down.