Who is P R Seshadri? South Indian Bank Share Price Goes In Frenzy After Her Resignstion
Meet P R Seshadri, the banking veteran whose career reads like a masterclass in Indian finance! Seshadri, an IIM Bangalore graduate, became South Indian Bank’s MD and CEO in October 2023, using his strategic abilities and professional experience to lead the bank.
He worked at Karur Vysya Bank as MD and CEO from 2017 until 2020, transforming obstacles into opportunities for progress. He has held various positions at BFC Bank Limited and Citibank Asia-Pacific, where he developed sales, distribution, and corporate banking strategies across Asia.
Seshadri applies his systematic work style to connect detailed project implementation with comprehensive organizational planning. The markets observe his actions closely because of his achievements. Investors and bankers alike will be keeping their eyes peeled!
South Indian Bank Share Price Today: Shockwaves on Dalal Street
South Indian Bank shares experienced their worst trading day on Friday after the bank revealed that MD and CEO P R Seshadri will step down at the end of his term. The stock hit its intraday low of ₹36.03 on the NSE, marking the largest single-day decline in its history. The market impact continued, with the stock down almost 15% at ₹37.7, while the Nifty50 fell only 0.44%. Investors were clearly caught off guard by this leadership change, showing two distinct market reactions that traders need to monitor closely.
South Indian Bank CEO Exit Sparks Market Frenzy
South Indian Bank made an unexpected announcement revealing that MD and CEO P R Seshadri will not pursue reappointment after his term expires on September 30, 2026, as he wants to focus on personal interests. He will, however, stay on until then, ensuring the bank doesn’t lose its footing mid-transition. Investors reacted swiftly, sending South Indian Bank share price tumbling as traders scrambled to digest the news. Leadership changes at the top can rattle markets.
Bigger Question : will the stock bounce back, or is it time to watch cautiously from the sidelines?
South Indian Bank Board’s Response and Succession Plan
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The Board of Directors met on January 29 to review Seshadri’s request not to seek reappointment.
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The Board decided to start the process of identifying a successor for the MD & CEO position.
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The appointment process will require approvals from the Reserve Bank of India and the bank’s shareholders once suitable candidates are shortlisted.
Planned Leadership Transition
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The bank described the move as a planned leadership transition.
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The goal is to maintain operational continuity until a new MD & CEO is appointed.
South Indian Bank Q3 FY26 Earnings: Steady Growth Amid Leadership Transition
| Metric | Q3 FY26 Performance | Q3 FY25 Performance | YoY Change |
|---|---|---|---|
| Standalone Net Interest Income | ₹881 crore | ₹869 crore | +1% |
| Non-Interest Income | ₹486 crore | ₹409 crore | +19% |
| Profit After Tax (PAT) | ₹374 crore | ₹342 crore | +9% |
(With Inputs)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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