Leadership Exit Triggers Free Fall in

SOUTHBANK

Shares of

plunged nearly 19 percent on January 30 after the lender announced that MD & CEO PR Seshadri will not seek reappointment at the end of his current term, spooking investors. The stock crashed to Rs 36.03, marking its lowest level since October 2024 and the steepest single-day fall in its history, as uncertainty over leadership succession weighed heavily on market sentiment.