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.
The bank stated in a stock market notification that this is due to Ramakrishnan s personal reasons and his tenure will end on 30 September 2023, , Murali Ramakrishnan, south indian bank