The South Indian Bank Limited has informed the Exchange regarding Cessation of Mr V J Kurian as Chairman of the company on March 22, 2026.
SOUTHBANK · price
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The South Indian Bank has announced that Mr. V J Kurian will retire as Non-Executive Part Time Chairman (Independent Director) on March 22, 2026, upon completion of his existing term. In his place, Mr. Jose Joseph Kattoor will take over as the new Non-Executive Part Time Chairman (Independent Director) for a three-year period starting March 23, 2026, under Section 10B(1A) of the Banking Regulation Act, 1949. Mr. Kattoor, aged 62, is a former RBI Executive Director with over three decades of experience at the central bank, having handled Enforcement, Corporate Strategy, Currency, and HR departments. He has already been serving as an Independent Director of the Bank since July 18, 2024, making this an internal succession rather than an outside appointment. The change was disclosed under SEBI Listing Regulations and the transition is set to be smooth and orderly.
This is a planned, orderly leadership transition with no disruption to operations, as the new Chairman is already familiar with the Bank's board. Shareholders are unlikely to see any negative reaction since the incoming Chairman has strong regulatory credentials from RBI, which may actually be viewed positively for governance.