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State Bank of India draws over $1.5 billion in offshore deposits
State Bank of India has raised more than $1.5 billion through its offshore foreign-currency deposit programme, underscoring strong interest from the Indian diaspora after the RBI introduced measures to encourage banks to mobilise overseas deposits.
Aegis Logistics Ltd leads losers in 'A' group
South Indian Bank Ltd, Goldiam International Ltd, Texmaco Rail & Engineering Ltd and L&T Finance Ltd are among the other losers in the BSE's 'A' group today, 08 July 2026.
South Indian Bank says RBI approves Mahesh Muralidhar Pai's appointment as MD, CEO
The Reserve Bank of India has approved Mahesh Muralidhar Pai's appointment as Managing Director and CEO. This appointment is for a three-year term, commencing on October 1, 2026. The bank's board will consider this approval at their upcoming July 16 meeting. Shareholders will then provide their necessary approval for the appointment. South Indian Bank shares experienced a significant decline following this announcement.
Five Indian States Cross World Bank's Upper-Middle-Income Mark; Maharashtra Misses By Just $8
Five Indian states have crossed the World Bank's upper-middle-income benchmark, while Maharashtra misses the threshold by just $8. See the full list.
South Indian Bank shares tank 10% despite RBI nod for Mahesh Pai as MD, CEO
The bank further said that the proposal for Pai's appointment as Managing Director & CEO will be placed before the board at its meeting scheduled for July 16, 2026
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.
South Indian Bank Shares Crash 10% After RBI Approves Appointment Of New MD & CEO
The private bank informed the exchanges that the RBI gave nod for the appointment of Mahesh Muralidhar Pai as Managing Director and CEO for a three-year term, effective October 1, 2026.
South Indian Bank appoints Mahesh Muralidhar Pai as MD & CEO from Oct 1
South Indian Bank said the Reserve Bank of India (RBI) has approved the appointment of Mahesh Muralidhar Pai as the bank's managing director (MD) & chief executive officer (CEO) for a three-year term beginning 1 October 2026.
South Indian Bank shares drop 9% after RBI approves three-year term for new CEO
South Indian Bank informed the exchanges that the Reserve Bank of India (RBI) has approved the appointment of Mahesh Muralidhar Pai as Managing Director and Chief Executive Officer for a three-year term, effective October 1, 2026.
South Indian Bank receives RBI approval for appointment of MD & CEO
Further, an agenda for appointment of Mahesh Muralidhar Pai (DIN: 09164982) as the Managing Director & CEO of the Bank will be placed to the Board meeting scheduled to be held on 16 July 2026 and the approval of the shareholders shall be obtained thereafter.
Stock To Watch Today: Tata Capital, Dilip Buildcon, Cochin Shipyard, Indian Overseas Bank, Heritage Foods
Knack Packaging will also be in focus as its shares make their debut on the exchanges.
INR appreciates on improved market sentiment
The Indian rupee appreciated 15 paise to 95.28 against the US dollar in early trade on Tuesday on improved market sentiment after reports that Saudi Arabia has slashed August crude oil prices for Asia amid easing of geopolitical tensions in the Middle East. Lower Middle East risk premium and higher traffic from the Strait of Hormuz kept the oil prices lower. At the interbank foreign exchange market the rupee opened at 95.33 and later touched 95.28 against the American currency, registering a gain of 15 paise from its previous close. Yesterday, rupee depreciated 20 paise to close at 95.43 against the US dollar, as a strengthening greenback weighed on emerging market currencies. Meanwhile, local markets are extending gains amid strong quarterly updates from banking heavyweights like HDFC Bank, favorable monsoon progress, and steady foreign institutional buying. The BSE Sensex was trading at 78,374.76, up by 89.69 points (0.11%), while the NSE Nifty 50 was up 38.90 points (0.16%) at ..