Shares of private lender South Indian Bank tumbled nearly 10 per cent on Wednesday after the lender announced that it had received the Reserve Bank of India’s (RBI) approval for the appointment of Mahesh Muralidhar Pai as its Managing Director and Chief Executive Officer (MD & CEO).

The private banking stock declined as much as 9.86 per cent to Rs 43.02 on the BSE. At around 12:05 pm, it was trading at Rs 44.23, down more than 7 per cent.

In a regulatory filing, the private sector lender said the RBI has approved the appointment of Pai as MD and CEO for a period of three years with effect from October 1.

The bank said the proposal for Pai’s appointment will be placed before its Board of Directors at the meeting scheduled for July 16.

In addition, the appointment will require shareholders’ approval in accordance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations.

Pai (50) is currently serving as Chief General Manager at Canara Bank, where he heads digital banking and innovation, according to the exchange filing.

With nearly three decades of banking experience, he has worked across governance, strategy, treasury, foreign exchange, retail banking, agriculture and MSME credit. He has also led several strategic initiatives at Canara Bank, including the establishment of its gold loan vertical, and has previously headed one of the bank’s largest zones.

Moreover, he serves as a Director on the boards of Karnataka State Financial Corporation and Canara Bank Securities Ltd, the filing added.

According to BSE data, the stock has touched a 52-week high of Rs 49.90 and a 52-week low of Rs 28.13.

Better arrangements during rains in Mumbai BMC has been very successful in pumping and drainage on roads and other works and BMC officers and officials were on the road even during the rains. This has been claimed by Mumbai Municipal Commissioner Ashwini Bhide. Rain in Mumbai From July 1, 2026 to July 7, 2026, Mumbai received more than 300 mm of rain. Mumbai received more rain than the cities of Delhi, Pune and Bengaluru. Rapid drainage of accumulated water with the help of six pumping stations, nine mini pumping stations and 540 submersible pumps. Road and rail traffic continued smoothly in Mumbai even during heavy rains. Water Supply.

Water storage in 7 reservoirs supplying water to Mumbai as on 07 July 2026 = 28.92%Water storage increased by 12% in 24 hours from 6 am on 6 July 2026 to 6 am on 7 July 2026.

Water storage was available at 67.88% as on 07 July 2025. There has been no expected rainfall in the area of ​​7 reservoirs supplying water to Mumbai so far. The available water storage is being reviewed regularly and appropriate decisions will be taken regarding water shortage as per the situation.

Roads and Transport
2,118 km. The road network in Mumbai is maintained by the Municipal Corporation. Cement concreting of 700 km of roads has been started in two phases. Out of which, concreting of 577.46 km of roads has been completed. Work is underway on the remaining roads. 89.81% of the concreting phase-1 and 73.72% of the phase-2 work has been completed. The problem of potholes has been reduced and the cost of filling potholes has been saved by 35%. Eastern Expressway and Western Expressway are not concrete but bituminous roads. Work has already been done on the potholed areas on these highways.
A contractor has been appointed to fill the potholes. The ‘resurfacing’ of these two roads will be done as soon as the monsoon season ends.

7) A separate app is available for redressal of pothole complaints. A complaint registration system like ‘Marg’. Information is also available through newspapers and media. Due to which the speed of attention and response to potholes has increased compared to before.

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Cleaning of drains
Rivers/drains are cleaned regularly. Silt is removed.
When 300 mm of rain falls in a short period and at the same time the sea level rises by four and a half metres, it is natural for water to accumulate in a city like Mumbai, which is surrounded by the sea on three sides and has undergone ‘reclamation’.

3) The Municipal Corporation is trying to get funds from the National Disaster Relief Fund to permanently address these issues. For this, it is preparing a detailed project with the help of IIT Bombay. A major project is being taken up to reduce 300 to 350 ‘flood points’. This includes construction of new pumping stations, increasing the capacity of pumping stations, installation of automatic flood control gates and strengthening the network of sewerage channels.

4) Citizens are requested not to throw solid waste and floating garbage into rivers and drains.
Increase in the number of trees falling due to strong winds in the last two days.

Winds blow every year during the monsoon However, this year, winds have been blowing at a speed of 50 to 70 kmph for the last four to five days. Due to which trees suffered a lot of damage in this monsoon. Every year, trees fall during the monsoon or due to various reasons. This year, 50% of the trees that fell in a year fell in just one day. In 2022, 655 trees fell. In 2023, 687, in 2024, 653 and in 2025, 855 trees fell. While in 2026, 830 trees fell. Out of 830, 480 trees were in the private sector. As many branches as there are, trees fall. This year, 1,238 branches fell. Out of these, 709 were in the private sector.

Steps will be taken to deliver water to the roots of trees on both sides of the road in Mumbai

According to the 2018 tree census, there are 29 lakh 75 thousand trees in Mumbai. Of these, 2 lakh trees are on both sides of the road. Trees along the road are very dangerous. Many trees are on the footpaths along the road. Apart from this, there may be gutters or other channels that carry water under the road. The roads have been concreted, in some places paver blocks have been laid. Therefore, it is necessary to provide water to the roots of such trees. The roots spread far. Therefore, the municipal corporation is also considering whether it is possible to estimate how far the roots of the concerned trees have spread and to that extent, to make holes and put nets over them and pour water. Such an experiment has been done earlier in the Malabar Hill area.

Experts will be sought for tree care

We will learn about this by taking information from some experts from Mumbai University, like Dr. Sanjay Deshmukh and IIT. Efforts are being made to provide water to the roots of trees that go deep into the ground. We will also emphasize on scientific pruning of trees. Out of the 2 lakh trees along the roads, the Municipal Corporation has cut down 1 lakh trees this year. Along with this, a survey of these trees will be done and where necessary, they will be cut down. A sure method will be used for this. Expert opinion will also be taken for this.

Caution will be taken while working on various underground channels
Many trees are 50 to 60 years old. Their roots have gone very deep. Roads were built for this.

Guwahati, July 7: Assam Chief Minister Himanta Biswa Sarma on Tuesday said that the accused in the recent road rage incident in Guwahati has been arrested and clarified that the individual has no association with the BJP.

The Chief Minister’s statement came amid social media posts claiming that the accused was a BJP youth leader after a video of the alleged assault surfaced online and triggered widespread outrage.

“The accused has been arrested and is not associated with the BJP,” Sarma said in a post on social media platform X.

Reiterating the state government’s zero-tolerance policy towards such incidents, the Chief Minister asserted that strict legal action would be taken against anyone involved in acts of violence on public roads.

“Road rage has no place in Assam. Anyone who indulges in such acts will face the full force of the law,” Sarma added.

The clarification came after several social media users, including public commentators, shared a dashcam video purportedly showing a confrontation between two motorists in Guwahati.

The video allegedly captured a car owner being assaulted following an altercation on the road, prompting calls for immediate action against the accused.

The incident sparked a political debate after claims circulated online that the accused was linked to the ruling BJP.

However, the Chief Minister dismissed those allegations, stating that the accused was not affiliated with the party. Police have already arrested the accused in connection with the incident. However, officials are yet to release detailed information regarding the charges invoked or the circumstances that led to the confrontation.

The viral video has generated widespread public concern over incidents of aggressive driving and road rage in urban areas. Netizens and civil society members have urged authorities to ensure swift prosecution of those responsible and to strengthen enforcement against violent behaviour on the roads.

The Assam government has repeatedly maintained that law and order violations will be dealt with firmly irrespective of the background or affiliation of those involved.

Further investigation into the incident is underway, and police are expected to record statements of witnesses and examine the video footage as part of the probe.