Hot Pursuit     18-Aug-23
South Indian Bank soars on appointing P R Seshadri as MD & CEO
South Indian Bank rallied 10.77% to Rs 23.24 after the bank received RBI approval for appointment of P R Seshadri as managing director (MD) & chief executive officer (CEO) of the bank for a period of three years with effect from 1 October 2023.
P R Seshadri holds Bachelor's degree in Electrical Engineering from the Delhi College of Engineering and a Post Graduate Diploma in Management from Indian Institute of Management, Bangalore. He is an accomplished banker with experiences spanning multiple businesses, functional lines and geographies.

P R Seshadri has served as, amongst other positions as, managing director & CEO of The Karur Vysya Bank. Managing director & regional sales and distribution head, Citibank N.A., Asia Pacific, Singapore, Managing Director & Regional Head of Lending, Businesses, Citibank N.A

South Indian Bank is a leading Kerala-based Private sector bank with a nationwide presence. The bank has 941 branches, 1170 ATMs and 126 CDMs/CRMs across India and a representative office in Dubai, UAE.

South Indian Bank reported 76% rise in net profit to Rs 202 crore on a 34% increase in net interest income to Rs 808 crore in Q1 FY24 as compared with Q1 FY23.

Previous News
  Nifty slides below 24,650; realty shares under pressure
 ( Market Commentary - Mid-Session 19-Jul-24   12:33 )
  South Indian Bank reports standalone net profit of Rs 102.75 crore in the December 2022 quarter
 ( Results - Announcements 24-Jan-23   14:56 )
  South Indian Bank rallies after strong Q1 business update
 ( Hot Pursuit - 03-Jul-23   15:02 )
  South Indian Bank gains after gross advances rises 10% YoY in Q3
 ( Hot Pursuit - 02-Jan-24   09:58 )
  South Indian Bank
 ( Results - Analysis 23-Jul-21   20:17 )
  South Indian Bank consolidated net profit rises 22.59% in the March 2023 quarter
 ( Results - Announcements 11-May-23   16:49 )
  South Indian Bank
 ( Analyst Meet / AGM - Conference Call 23-Jul-21   20:18 )
  South Indian Bank to consider raising funds
 ( Corporate News - 01-Jun-22   10:03 )
  South Indian Bank acquires 6.67% stake in IBBIC
 ( Corporate News - 21-Nov-20   11:32 )
  South Indian Bank announces change in MD and CEO
 ( Corporate News - 01-Oct-20   11:04 )
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