South Indian Bank shares tumble 9% after four-day rise; RBI clears Mahesh Pai as MD & CEO
- Posted on July 8, 2026
- By Business News Today
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- 1 min read
South Indian Bank shares tumble 9% after four-day rise; RBI clears Mahesh Pai as MD & CEO
South Indian Bank shares fell sharply on Wednesday, snapping a four-session winning streak as investors booked profits after a sharp three-month rally. Meanwhile, the RBI approved the appointment of Mahesh Muralidhar Pai as the bank's Managing Director and CEO for a three-year term, effective October 1, 2026, subject to further approvals.
