The South Indian Bank Limited announced that the Reserve Bank of India, on 11th day of October, 2023 has conveyed approval for the appointment of Sri. V J Kurian as the Non-Executive Part Time Chairman (Independent Director) of the Bank with effect from November 2, 2023 to March 22, 2026 in terms of section 35B and 10B(1A) (i) of the Banking Regulation Act, 1949. The appointment is in place of Sri.

Salim Gangadharan, who will be retiring from his office as Non-Executive Part Time Chairman (Independent Director) of the Bank on November 01, 2023, after completion of his term of appointment. Sri. V J Kurian retired from Indian Administrative Services (IAS) of 1983 batch in Kerala cadre as Additional Chief Secretary, Water Resources.

During the tenure of services, Sri Kurian held positions of Managing director in various companies for a total period of 23 years. Sri Kurian has served as the Managing director of Cochin International Airport Ltd. and was Director of CIAL Infrastructure Limited, CIAL Duty free and Retail Services Limited, Air Kerala International Services Limited, Cochin International Aviation Services Limited, Kerala Waterways Infrastructures Limited and Kerala Infrastructure Fund Management Limited. He was also director of Kerala Irrigation Infrastructure Development Corporation Limited, Flavourit Spices Trading Limited, Kochi Metro Rail Limited, Kannur International Airport Limited, Cochin Smart Mission Limited.

He is acting as Independent Director of The South Indian Bank Limited since March 23, 2018.