South Indian Bank Appoints Ex-RBI Executive Jose Kattoor as Chairman
News by Aliceblue News Desk
23 Mar 2026
Introduction
Leading Kerala-based private sector bank appoints former RBI Executive Director Jose Joseph Kattoor as Non-Executive Part-Time Chairman for a three-year term, effective March 23, 2026.
Share price movement of South Indian Bank Ltd
On March 23, 2026, South Indian Bank Ltd opened at ₹35.99, unchanged from its previous close of ₹35.99. It reached a high of ₹36.00 (0.03%) and a low of ₹33.61. By 4:00 PM, it traded at ₹34.31, a -4.67% decrease, with a market cap of ₹8,868.07 crore.
Ex-RBI Chief Takes Charge
Jose Joseph Kattoor, aged 62, has been appointed Non-Executive Part-Time Chairman of South Indian Bank for three years, effective March 23, 2026. RBI granted approval under Section 10B(1A) of the Banking Regulation Act, 1949.
Kattoor retired from the Reserve Bank of India as Executive Director in June 2023 after over three decades of service. During his RBI tenure, he headed the Enforcement, Corporate Strategy, Currency Management, and Human Resources departments.
He holds academic qualifications including B.Sc, PGDRM (IRMA), LLB, CAIIB, and an AMP from Wharton, and has been an Independent Director on South Indian Bank’s board since July 18, 2024. Kattoor succeeds V J Kurian, whose term as Non-Executive Part-Time Chairman concluded on March 22, 2026.
Stock performance of South Indian Bank Ltd for Period of 1 week, 6 months, and 1 year
South Indian Bank Ltd delivered a 1-week return of -2.31%, a 6-month return of 20.5%, and a 1-year return of 49.7%.
Shareholding Pattern of South Indian Bank Ltd
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 |
| Promoter | 0% | 0% | 0% |
| FII | 20.90% | 17.90% | 17.60% |
| DII | 13.80% | 11.90% | 11.10% |
| Public | 65.30% | 70.20% | 71.30% |
About South Indian Bank Ltd
About Company:
South Indian Bank Ltd (NSE: SOUTHBANK), established in 1929, is Kerala’s first scheduled private bank, offering retail, corporate banking, treasury, and foreign exchange services.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is South Indian Bank Ltd share price rising today?
A: South Indian Bank Ltd share price is moving today after the bank appointed Jose Joseph Kattoor, former RBI Executive Director, as Non-Executive Part-Time Chairman for three years.
Q: What is South Indian Bank Ltd’s main business focus?
A: South Indian Bank Ltd focuses on retail and corporate banking, treasury operations, and foreign exchange services across India, headquartered in Kerala since 1929.
Q: What are the 52-week high and low of South Indian Bank Ltd stock?
A: The 52-week high of South Indian Bank Ltd stock is ₹46.84 and the 52-week low is ₹22.30.
News Author
Aliceblue News Desk
