Shares of the bank had fallen sharply on 29 March post the bank’s communication to stock exchanges. At the time of filing this copy, the shares were trading at Rs 14.25 apiece, down 13.9 per cent from the previous close.
Murli Ramakrishnan, managing director (MD) and chief executive officer (CEO) of South Indian Bank Ltd (SIB), has decided to step down when his term ends on 30 September 2023 due to personal reasons and family circumstances, the lender says in a regulatory filing.