Mr. Sivaraman K, Senior General Manager and Head of Banking Operations Group at South Indian Bank, has opted for voluntary retirement effective September 5, 2026. The bank has accepted his resignation, submitted on personal grounds. The bank assures continuity in management, stating that sufficient leadership is available internally to manage the role’s responsibilities. The notice period has been served as per employment terms.
Leadership Transition at South Indian Bank
South Indian Bank has announced a significant change in its senior management. Mr. Sivaraman K, who holds the position of Senior General Manager and Head of the Banking Operations Group, has tendered his resignation from the bank’s services. This decision stems from his desire to pursue voluntary retirement for personal reasons.
Voluntary Retirement Details
The bank has formally accepted Mr. Sivaraman K’s request for voluntary retirement. His last day of service will be September 5, 2026, following the conclusion of the office hours on that date. The resignation was formally submitted on August 21, 2026, and accepted on the same day. Mr. K is currently serving his notice period as stipulated in his employment agreement.
Assurance of Continuity
In its announcement, South Indian Bank has emphasized that the departure of Mr. Sivaraman K will not impact operational continuity. The bank has stated that robust leadership and oversight mechanisms are already in place internally, ensuring a smooth transition and sustained management of the responsibilities associated with his role. The bank confirmed that sufficient internal resources are available to ensure seamless operations.
Disclosure Requirements Met
The bank has provided the necessary details as required under Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This information, detailing the change in senior management personnel, has been shared with the stock exchanges, namely the National Stock Exchange of India Ltd. and BSE Ltd. The disclosures are also being hosted on the bank’s official website for public access.
Source: BSE
