The South Indian Bank Ltd to appoint Mr. Vinod Francis as CFO

The Board of Directors of The South Indian Bank Ltd., in their meeting held on April 05, 2024 have considered and approved to appoint Mr. Vinod Francis, General Manager as Chief Financial Officer and Key Managerial Personnel of the Bank (as defined under section 2(51) (iv) of the Companies Act, 2013), with effect from 08th April, 2024.

Present CFO Ms. Chithra H, Senior General Manager shall handover charge of the CFO position and will take charge as Chief Compliance Officer (CCO) under Banking Regulations Act, 1949 in compliance with RBI Circular on Compliance function in banks (Ref. DBS. CO.PP.BC 6/11.01.005/2006-07 dated April 20, 2007) and RBI Circular on Compliance functions in banks and Role of Chief Compliance Officer (CCO) (Ref. DoS.CO.PPG./SEC.02/ 11.01.005/2020-21 dated September 11, 2020). Ms. Chithra H, Senior General Manager will cease to be Key Managerial Personnel of the Bank (as defined under section 2(51) of the Companies Act, 2013) with effect from 08th April, 2024.

Mr. Vinod Francis, General Manager, aged 45 years is a Chartered Accountant by profession. He joined the Bank on January, 2006. He holds a Bachelor's Degree in commerce and is a Certified Associate of the Indian Institute of Bankers.

He has an experience of over 18 years in the Bank in various functional Departments like Credit underwriting, Corporate Finance Dept. He has headed SME Branches and Corporate Branch of the Bank. He has also functioned as Regional Head. Further he has functioned as Head - SME / Mid Corporate Credit Processing Centre and presently he is working as Deputy CFO of the Bank since June, 2021.

Shares of The South Indian Bank Limited was last trading in BSE at Rs. 29.51 as compared to the previous close of Rs. 29.49. The total number of shares traded during the day was 3855797 in over 5040 trades.

The stock hit an intraday high of Rs. 29.94 and intraday low of 29.27. The net turnover during the day was Rs. 113703493.00.

Source : Equity Bulls

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