30 Jan 2026 | 3 Mins Read
South Indian Bank shares plummet 19% without CEO renewal
Flipitmoney
South Indian Bank's shares fell 19% on Friday after its Managing Director and CEO, P R Seshadri, announced his decision to not seek reappointment. Seshadri will continue till September 30, 2026. The bank reported a 9.4% profit growth, a 10.4% rise in operating profit, and an 11% increase in loan portfolio to Rs 96,764 crore in Q3 2025-26.