Pai is currently serving as Chief General Manager at Canara Bank spearheading digital banking and innovation. He has handled multiple strategic initiatives of the Bank including setting up of gold loan vertical. He has also headed one of the largest zones of Canara Bank, South Indian Bank said in a stock exchange filing.
Pai aged 50 years is an accomplished banker with close to 3 decades of experience across governance, strategy, treasury, foreign exchange, retail, agriculture and MSME credit, it added.
Pai’s professional experience includes a stint in overseas operations of Canara Bank at New York, USA. Amongst other positions, he has served as Director in Canara Bank Tanazania Ltd, and represented the Bank in Fixed Income Money Market and Derivatives Association of India (FIMMDA), Swift India Domestic Services Private Ltd and Secondary Loan Market Association. Presently, he is also a Director in Karnataka State Financial corporation and Canara Bank Securities Ltd, South Indian Bank said.
He is recognised for his strategic clarity, execution excellence, integrity, and strong industry relationships with banking and technology partners. He brings in board relevant experience in entire segments of universal banking, it added.
South Indian Bank said the agenda for appointment Pai 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.
In January, the bank had said its current Managing Director and CEO R Seshadri has decided not to offer himself for reappointment, as he has decided to pursue activities of his personal interest, post completion of his current term. He will continue in the office of the Managing Director & CEO till the completion of his current term i.e., up to 30 September 30 2026, it had said.
