South Indian Bank has appointed Ananth Babu as Senior General Manager and Head Credit Card, effective September 18, 2026. The appointment is part of the bank’s effort to strengthen its retail banking leadership team.

Babu, aged 50, holds a PGDM and a Bachelor’s Degree in Commerce. He brings more than 24 years of experience across cards, payments, retail lending, and contact centre operations. His tenure at South Indian Bank will be for three years, renewable based on board review.

Profile and Experience

Babu has served as Senior Executive Vice President and Head of Cards, Payments, and Contact Centre in previous roles. He has led digital-first transformations and driven P&L growth in regulated banking environments.

The bank disclosed that Babu is not related to any directors. The appointment was notified under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

South Indian Bank has appointed Mahesh Muralidhar Pai as Managing Director and Chief Executive Officer, effective October 1, 2026. The board approved the appointment following regulatory clearance and shareholder approval at the bank’s 98th annual general meeting held on August 20, 2026.

To ensure an orderly transition, Mr. Pai will first serve as an Officer on Special Duty (OSD) from September 16, 2026, to September 30, 2026. This interim role is designed to allow him to familiarise himself with the bank’s business operations, policies, systems, governance framework, and key functions before assuming full charge.

The appointment was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been filed with both the National Stock Exchange of India Ltd. and the Bombay Stock Exchange Ltd.

Key Appointment Details

• Appointee: Mahesh Muralidhar Pai (DIN: 09164982)
• Role: Managing Director & Chief Executive Officer
• Tenure: Three years
• Effective Date: October 1, 2026
• Interim Role: Officer on Special Duty (OSD)
• Interim Period: September 16, 2026 – September 30, 2026

The board previously intimated the appointment in a letter dated July 8, 2026. The Reserve Bank of India approved the selection prior to the shareholder vote. The company secretary, Jimmy Mathew, signed the disclosure on September 16, 2026.