VJ Kurian has been appointed as the non-executive part-time chairman of the South Indian Bank, based in Thrissur. His appointment is set to take effect from November 2, 2023, and will continue until March 22, 2026. This development follows regulatory approval from the Reserve Bank of India (RBI) and comes as Salim Gangadharan, the current non-executive part-time chairman, is set to retire after the completion of his term on November 1, 2023.
The outgoing non-executive part-time chairman, Salim Gangadharan, will be retiring from his position on November 1, 2023. This change marks the end of his term, making way for VJ Kurian to step into this important role.
VJ Kurian: The Incoming Chairman:
VJ Kurian, the newly appointed non-executive part-time chairman, is set to take the helm at the South Indian Bank. His appointment is indicative of his experience and expertise, which will guide the bank through a crucial period. The bank can look forward to a fresh perspective and guidance that aligns with the bank’s vision and objectives. His leadership will be instrumental in shaping the future direction of the South Indian Bank.
Regulatory Approval by RBI:
The Reserve Bank of India (RBI), as the governing body overseeing the banking sector in India, has given its official approval for VJ Kurian’s appointment as the bank’s non-executive part-time chairman. This regulatory clearance is an essential step in ensuring the smooth transition of leadership within the bank.
South Indian Bank: A Key Player in Banking:
South Indian Bank, headquartered in Thrissur, has a significant presence in the banking sector. The appointment of VJ Kurian as the new chairman is expected to have a positive impact on the bank’s operations, strategy, and governance.