South Indian Bank MD & CEO P R Seshadri to Step Down After Current Term; Succession Planning Begins

South Indian Bank MD & CEO P R Seshadri will step down after completing his current term, the bank confirmed in an official filing. The board of directors has already initiated a succession planning process to ensure a smooth leadership transition.

Board Initiates CEO Succession Process

The board noted that P R Seshadri will not seek an extension beyond his existing tenure. Following this, the bank has started the process to identify suitable candidates for the top role.

The selection may include both internal and external candidates. The board will follow all governance norms and seek approvals from the Reserve Bank of India (RBI) wherever required.

Key Achievements During Seshadri’s Tenure

P R Seshadri took charge at a challenging time for South Indian Bank. Under his leadership, the bank focused on improving asset quality and strengthening the balance sheet.

The lender also worked on restoring investor confidence. It improved operational efficiency and sharpened its focus on retail and MSME lending. These steps helped stabilize the bank’s overall performance.

Continuity in Leadership Assured

South Indian Bank clarified that Seshadri will continue as MD & CEO until his term ends. This will ensure stability in daily operations and strategic execution.

The board stated that the goal of succession planning is to maintain growth momentum and leadership continuity.

What Investors Should Watch

Investors will closely monitor the CEO transition. Leadership stability remains a key factor for banking stocks. Analysts expect the board to prioritize candidates with banking experience, regulatory credibility, and digital expertise.

📢 Final Word

The planned exit of South Indian Bank MD & CEO P R Seshadri marks an important phase for the lender. With succession planning already in motion, the bank aims to ensure a smooth and stable transition.

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