South Indian Bank announced the transition of its leadership, effective March 23, 2026. Mr. V J Kurian is retiring as Non-Executive Part Time Chairman (Independent Director) upon completion of his term. Following this, Mr. Jose Joseph Kattoor (DIN: 09213852) will assume the role for a term of three years. Mr. Kattoor brings extensive experience, having retired as an Executive Director from the Reserve Bank of India (RBI) in June 2023.
Leadership Transition in Banking Sector
South Indian Bank has formally communicated a significant change in its Board leadership structure, adhering to regulatory disclosure requirements. The announcement confirms the retirement of the current Non-Executive Part Time Chairman (Independent Director), Mr. V J Kurian (DIN: 01806859), who will step down on March 22, 2026, following the conclusion of his tenure.
New Chairman Takes Charge
Effective immediately following Mr. Kurian’s retirement, Mr. Jose Joseph Kattoor (DIN: 09213852) is appointed to the position of Non-Executive Part Time Chairman (Independent Director). This appointment is set for a period of three years, commencing on March 23, 2026, and is compliant with the stipulations of the Banking Regulation Act, 1949.
Profile of Incoming Chairman
Mr. Jose Joseph Kattoor, aged 62 years, possesses a distinguished career spanning over three decades at the Reserve Bank of India (RBI). He retired from RBI as an Executive Director in June 2023. His previous executive roles included oversight of crucial departments such as Enforcement, Corporate Strategy, Currency, and Human Resource. Academically, he holds qualifications including B.Sc, PGDRM(IRMA), LLB, CAIIB, and AMP from Wharton. He has been serving as an Independent Director of South Indian Bank since July 18, 2024.
Disclosure and Compliance
The Bank confirms that Mr. Kattoor is not related to any other Directors currently serving on the Board. Furthermore, the Bank affirms 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. The details concerning this appointment are simultaneously being made available on the Bank’s official website.
Source: BSE
