South Indian Bank, the private sector lender, said Monday the Reserve Bank of India has conveyed their approval for appointment of V. G. Mathew as managing director and chief executive officer of the bank for a period of three years w.e.f. Oct. 1, 2014.

On Sept. 18, 2014, the bank has entered into a strategic tie-up with Religare Securities (RSL) to offer RSL's online trading platform to the bank's customers. This will form part of a convenient 3 in 1 account for the bank's customers (savings account, demat account & trading account).

Shares of the bank gained Rs 0.4, or 1.45%, to settle at Rs 28. The total volume of shares traded was 623,786 at the BSE (Monday).