ICICI Securities has a target price of 52 for South Indian Bank, suggesting a 16% upside from the current market price of 45, with expectations of improved profitability from a shift towards higher-yielding loans.

ICICI Securities has recommended a hold rating on South Indian Bank with a target price of Rs 45, following the RBI's approval for Mr. Mahesh Pai as the new MDCEO for three years, as the bank undergoes a transformation focusing on MSME growth and cost control.

South Indian Bank shares fell 9% after a four-day rise as investors booked profits following a three-month rally, while the RBI approved Mahesh Muralidhar Pai as the bank's Managing Director and CEO for a three-year term starting October 1, 2026, pending further approvals.

South Indian Bank has received approval from the Reserve Bank of India to appoint Mahesh Muralidhar Pai as Managing Director and Chief Executive Officer.

South Indian Bank reported a 17 percent growth in advances against an 11.4 percent growth in deposits, highlighting a strong credit demand in the banking sector.

Sanchay Kumar Sinha, Head of Unsecured Assets and Wealth Management at South Indian Bank, stated that while growth has moderated due to regulatory measures, the medium-to-long-term prospects for unsecured lending remain attractive.