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South Indian Bank CEO Mahesh Pai Focuses on Fund Deployment to Boost Valuation
M
Moneycontrol•16-10-2026, 13:56
South Indian Bank CEO Mahesh Pai Focuses on Fund Deployment to Boost Valuation
- •South Indian Bank managing director and CEO Mahesh Muralidhar Pai aims to improve fund deployment to narrow the valuation gap with industry peers.
- •The lender currently trades at a price-to-book ratio of 1.1x, trailing mid-sized competitors like RBL Bank, Federal Bank, and Karur Vysya Bank.
- •The bank plans to increase its retail, agriculture, and MSME loan portfolio share to 65 percent while reducing the corporate book to 35 percent over the next year.
- •South Indian Bank is scheduled to launch its standalone credit card by May, with an initial focus on existing customers before expanding.
- •The lender is also exploring a new wealth management vertical as part of its ongoing growth strategy.
Key Questions Answered
South Indian Bank aims to increase its retail, agriculture, and MSME (RAM) loan portfolio share from 60 percent to 65 percent over the next year, while lowering its corporate share from 40 percent to 35 percent.
South Indian Bank plans to launch its standalone credit card by May, initially focusing on existing customers before expanding to new users across Visa, Mastercard, and RuPay networks.
South Indian Bank trades at a price-to-book (P/B) ratio of 1.1x, which trails mid-sized peers like RBL Bank at 1.4x, Federal Bank at 2.1x, and Karur Vysya Bank at 2.4x.
