Salim Gangadharan, former CGM of the Reserve Bank of India is likely to be the non-executive chairman of South India Bank after the incumbent Amitabha Guha demits office on1 November. Gangadharan is already an independent director of the bank. The appointment is subject to RBI clearance. South Indian Bank is now executing a business restructuring program with the intention of increasing its profit to Rs 1000 crore by 2010.
