South Indian Bank Share Price Dips 17%; MD & CEO P R Seshadri to Step Down After Current Term

The South Indian Bank Limited announced on January 29, 2026, that Mr. P R Seshadri, Managing Director & CEO, has requested not to offer himself for reappointment after the completion of his current term. Mr. Seshadri plans to pursue personal interests once his tenure concludes. He will continue to serve in his current role until September 30, 2026.

Board Action and Succession Planning

In response to Mr. Seshadri’s decision, the Board of Directors has decided to initiate the process of identifying a suitable successor for the position of Managing Director & CEO. The Board resolved to take all necessary steps to complete the appointment, which will include the identification and shortlisting of eligible candidates, obtaining approval from the Reserve Bank of India, and securing shareholder approval as per regulatory requirements.

South Indian Bank Share Price Impact

South Indian Bank share price (NSE: SOUTHBANK) opened at ₹38.15 and have witnessed volatility, hitting a high of ₹39.00 and a low of ₹36.03. As of 9:46 AM, the stock was trading at ₹36.61, down ₹7.65 or 17.28% from its previous close of ₹44.26.

Also Read: South Indian Bank Revises MCLR Across Tenors from January 20!

South Indian Bank Reports Record Q3 Net Profit

South Indian Bank posted its highest-ever quarterly net profit of ₹374.32 crore for Q3 FY 2025-26, marking a 9% growth from ₹341.87 crore in Q3 FY 2024-25. 

The bank’s net profit for the nine months ended December 2025 also rose 9% to ₹1,047.64 crore, compared with ₹960.69 crore for the same period last year. Pre-provisioning operating profit for the quarter increased by 10% to ₹584.33 crore from ₹528.84 crore, reflecting strong operational performance. 

Non-interest income witnessed significant growth of 19% year-on-year, rising from ₹409.22 crore to ₹485.93 crore, driven by diversified revenue streams and robust business momentum. 

Conclusion

Mr. Seshadri’s decision to step down marks the end of an era at South Indian Bank, and the Board’s timely actions in appointing a successor will be key to sustaining growth and investor confidence.

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