South Indian Bank announced a key leadership transition. Mr. V J Kurian will retire as Non-Executive Part Time Chairman (Independent Director) on March 22, 2026. Effective March 23, 2026, Mr. Jose Joseph Kattoor (DIN: 09213852) will assume the role of Non-Executive Part Time Chairman for a term of three years. Mr. Kattoor is a veteran of the Reserve Bank of India, having retired as Executive Director in June 2023.
Leadership Transition in the Boardroom
South Indian Bank has formally notified stock exchanges regarding a significant change in its board leadership structure. This update follows prior communication made on February 3rd, 2026.
Retirement of Current Chairman
Mr. V J Kurian (DIN: 01806859), serving as the Non-Executive Part Time Chairman (Independent Director) of the Bank, is scheduled to retire upon the completion of his term on March 22, 2026.
Appointment of New Chairman
The Board has appointed Mr. Jose Joseph Kattoor (DIN: 09213852) to take over the leadership role. His appointment as Non-Executive Part Time Chairman (Independent Director) is effective from March 23, 2026, for a tenure of three years, aligning with Section 10B(1A) of the Banking Regulation Act, 1949.
Profile of New Chairman: Mr. Jose Joseph Kattoor
Mr. Kattoor is 62 years old and brings extensive regulatory experience, having served the Reserve Bank of India (RBI) for over three decades. He retired from the RBI in June, 2023, in the capacity of Executive Director. During his distinguished career at the RBI, he managed critical departments including Enforcement, Corporate Strategy, Currency, and Human Resource.
His academic background includes a B.Sc., PGDRM (IRMA), LLB, CAIIB, and AMP from Wharton. Furthermore, Mr. Kattoor has already been serving as an Independent Director of South Indian Bank since July 18th, 2024.
Declarations and Compliance
The Bank affirms that Mr. Jose Joseph Kattoor is not related to any existing Directors of the Bank. Additionally, the Bank confirms that Mr. Kattoor is not debarred from holding the office of Director by any order from the Securities and Exchange Board of India or any other relevant authority.
This information, detailed in Annexure A, has been placed on the Bank’s official website, www.southindianbank.bank.in, for public access.
Source: BSE
