
Canara Bank CGM Mahesh Muralidhar Pai Appointed As CEO & MD Of South Indian Bank
South Indian Bank has appointed Mahesh Muralidhar Pai as its Chief Executive Officer and Managing Director (CEO & MD) for a three-year term beginning October 1, 2026, after receiving approval from the Reserve Bank of India (RBI).
Pai, 50, currently serves as Chief General Manager (CGM) at Canara Bank, where he heads digital banking and innovation. He currently serves on the Boards of Karnataka State Financial Corporation and Canara Bank Securities. During his tenure at Canara Bank, he led several initiatives, including the establishment of the bank’s gold loan vertical, and also headed one of its largest operational zones. Pai has close to three decades of experience across digital banking, governance, strategy, treasury, foreign exchange, retail banking, agriculture and MSME credit. His experience includes an overseas assignment at the bank’s New York office.




