The bank will be submitting its application to the Reserve Bank of India (RBI) with the names of the candidates in the order of preference. The RBI will then conduct a due diligence process and make a decision on the appointment of the new MD & CEO.
South Indian Bank is a major private sector bank headquartered at Thrissur in Kerala, India.
The bank reported 22.7% jumped in net profit of Rs 333.89 crore on 26% rise in total income to Rs 2,318.33 crore in Q4 FY23 over Q4 FY22.
