What is the share price of South Indian Bank?
You must be aware that the shares of South Indian Bank Limited keep increasing day by day. Let us tell you that on January 30, there has been a decline of more than 18 percent. Since then, Lander said that its Managing Director and Chief Executive Officer, Par Sadri, is going to finish his current program in September 2026 and after its completion, if he does not get re-appointment, then the decision was taken after that. You will also be aware that there will be a lot of looking around in the stock exchange. Got it.
In a filing, South Indian Bank told the exchange that its Managing Director is looking at it with a very different nature and CEO P R Se Sadri has decided not to take appointment again after finishing his current program on 3rd November 2026. Everyone got angry on this and instead he wants to pursue his personal interests.
South India share price created a stir in 2026!
Now understand that as per the exchange feeling, the Board of Directors had already on January 29 been engaged in differentiating the ideologies of Sadri Managing Director who is the CEO from Mr. PRS because he was also being requested to hold a meeting to consider and Rupi himself would offer for re-appointment but he himself did not offer because he was very serious about his current tenure because after completion, it was his decision to carry forward not only his personal activities but also his activities. He was deeply engrossed in thinking till the completion of his current program and had decided that he would remain the Managing Director and CEO till 30th September 2026.
Now one thing that also comes into this is what was said further in the feelingNow let us understand the feeling that the Board has to take necessary steps to identify the successor to Mahendra Singh for whatever tenure he holds on the posts of Director and CEO and that decision was also taken to complete the appointment process because in the decision to take necessary steps, all the candidates are identified and after that, approval from the shareholders of Reserve Bank of India and all the other banks has to be taken and they have to be included in it.
What is the role of HD and CEO mentioned in the leadership transaction of the bank?
In the leadership transaction described in the bank, the HD and CEO have a role to play and have to appoint a successor because it is said to build a community because it is designed to maintain continuity and that is exactly what happens.
What was said in the announcement of South India Share Banks?
Shares of South Indian Bank's stock will see a huge rise. It has fallen by 18.6 percent to Rs 36.03 per share in the initial trade and it has come to intra trade. A huge fall has been seen in the stock because it is considered to be the biggest single day fall in the history and a lot of people are disappointed about it.
Where has Seshadri worked as Managing Director?
Now understand that Seshadri, who is a graduate from IIM Bengaluru, had said in October 2023 itself that he himself would take over the post of MD and CEO of South India Bank and he had already decided that from September 2017 to March 2020, he would lead Karur Baise Bank as HD and CEO and he did the same because others like BFC Bank Limited and Citi Bank were also involved in it because there too there were people working on senior positions. Now understand that he has worked in Asia Pacific where he has also worked as Managing Director and Sales and he has also worked as the head of distribution.
What is South Indian Bank Q3fy26 earningsIs?
Now understand that in Q3fy26, the bank has seen a huge increase in Stand Alone Net Interest Income in 10 years and there is an increase in it because in this case more than Rs 869 crore is seen registered and it had increased to Rs 881 crore because it also includes non-interest income which increased by 19% to Rs 486 crore. Now understand that in this also different cases come to the fore which are disclosed. It is visible in front which has been added to it for the last financial year also.
In the same period, Rs 409 crores were also added because the profit after tax was also seen which had increased by 9% which had become Rs 374 crores. Now the share of South Indian Bank which was Rs 342 crores has seen a lot of increase which has fallen to 14.8 by 2% as seen at 10:02 am. This may happen sometimes which has fallen to 37.7 in this trade. While the benchmark Nifty 50 was down by 0.44 per cent, it was at 253007.15.
Disclaimer
This article is completely personal from me, I would like to tell you that this information is only for understanding, please if you want to invest in it then first consult your advisor. I do not advise you to make any investment in this, first take advice from the advisor and only then you can go and invest in it, otherwise if you may incur loss in this then our site is not responsible. Financial investment is subject to risks.
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