South Indian Bank has announced that its Managing Director & CEO, Mr. P R Seshadri, will not seek reappointment upon completion of his current term. He will continue in his role until September 30, 2026. The Board has initiated the process to identify a successor, including seeking necessary approvals from the Reserve Bank of India and the bank’s shareholders.
Leadership Transition Announced
South Indian Bank has announced a leadership transition. Mr. P R Seshadri, the current Managing Director & CEO, has decided not to seek reappointment, opting to pursue personal interests. He will remain in his current position until September 30, 2026, ensuring a smooth handover of responsibilities.
Successor Identification
The Board of Directors has already begun the process of identifying a suitable successor. This process includes taking steps to identify and shortlist potential candidates. The appointment process will involve obtaining approvals from the Reserve Bank of India and the bank’s shareholders, ensuring a transparent and compliant transition.
Continued Operations
The bank has stated that Mr. Seshadri will continue to fulfill his duties as Managing Director & CEO until the end of his term. This provides assurance of continued leadership and strategic direction for South Indian Bank during this period of transition.
Source: BSE
