The South Indian Bank Limited announced that at its board meeting held on June 29, 2024, the board has resolved to appoint Mr. Dolphy Jose (DIN: 10682246) as the Whole-time Director (Executive Director) of the Bank for a period of three years with effect from July 15, 2024 and remuneration as approved by RBI vide its letter no. DoR.GOV. No.1646/08.51.001/2024-25 dated June 14, 2024, and other terms of appointment as recommended by the Nomination and Remuneration Committee of the Board.

Further the Board has resolved that he shall also be appointed as Whole-time Key Managerial Personnel (KMP) of the Bank pursuant to section 2(51) and other applicable provisions of Companies Act, 2013, Material Risk Taker (MRT) of the Bank. The Bank will seek approval of the Shareholders of the Bank for the said appointment within the prescribed time period, as per the applicable provisions of the Companies Act, 2013 and SEBI regulations. Mr. Dolphy Jose, aged 54 years, is an accomplished banker with more than 25 years of experience.

He has rich experience in driving & establishing businesses in the Retail and Commercial Banking space with significant expertise in both Retail assets and liabilities, Branch Banking, P & L Management, Institutional & Government Business. Proven expert in building distribution, establishing strategic partnerships including Co-Lending and focusing on non- branch business, exploiting the strength in digital capabilities to establish new channels ensuring seamless integration for acquisition, underwriting and disbursements, leveraging bank's capabilities to test, validate, build & scale businesses. He had almost two decades of association with Kotak Mahindra Bank Ltd. His last position held with Kotak Mahindra Bank was as Executive Vice President - Institutional business (retail liabilities).

Currently he is associated with The Karur Vysya Bank, as Chief General Manager & Group Head- Consumer Banking. He is a seasoned professional with a diverse educational background, including a Professional Program in Fintech: Specialisation - Payments & Lending from SP Jain School of Global Management, an MBA in General Management from the Institute for Technology & Management, complemented with a specialized Certificate Program in IT & Cyber Security for Senior Management from IDRBT, a General Management Program from IIM Ahmedabad, an Executive Program from ISB Hyderabad, a Certified Course in Computer Programming from BITS Mumbai, alongside a degree in Commerce.