South Indian Bank announced the transition of its leadership for the role of Non-Executive Part Time Chairman (Independent Director). Mr. V J Kurian is retiring effective March 22, 2026. He will be succeeded by Mr. Jose Joseph Kattoor, effective March 23, 2026, for a three-year term. Mr. Kattoor brings extensive experience from his tenure as Executive Director at the Reserve Bank of India (RBI).
Leadership Transition Announced
South Indian Bank has formally notified the stock exchanges regarding a significant change in the leadership of its Board of Directors. This intimation confirms that Mr. V J Kurian (DIN: 01806859) will retire from his position as Non-Executive Part Time Chairman (Independent Director) upon the completion of his term on March 22, 2026.
New Chairman Appointment Details
Following Mr. Kurian’s retirement, the bank has appointed Mr. Jose Joseph Kattoor (DIN: 09213852) to take over the role. Mr. Kattoor’s appointment as Non-Executive Part Time Chairman (Independent Director) will be effective for a period of three years, commencing from March 23, 2026. This appointment is being made in accordance with the provisions of Section 10B(1A) of the Banking Regulation Act, 1949.
Profile of the Incoming Chairman
Mr. Jose Joseph Kattoor, aged 62 years, is an accomplished professional who previously served as an Executive Director at the Reserve Bank of India (RBI), retiring in June, 2023, after more than three decades of service. During his tenure at RBI, he managed critical departments, including Enforcement, Corporate Strategy, Currency, and Human Resource. He holds academic qualifications including B.Sc, PGDRM (IRMA), LLB, CAIIB, and AMP from Wharton. He has been serving as an Independent Director of the Bank since July 18, 2024.
Affirmation on Independence
The bank affirms that Mr. Jose Joseph Kattoor is not related to any existing Directors of the Bank. Furthermore, the board confirms that Mr. Kattoor is not debarred from holding the office of Director by any order issued by the Securities and Exchange Board of India or any other relevant authority.
Source: BSE
