South Indian Bank Senior Manager Voluntary Retirement

Key Event: Management Change

Mr. Sivaraman K, Senior General Manager and Head of Banking Operations Group of the Bank, has opted for Voluntary Retirement from the service of the Bank. The stated reasons are personal grounds and to pursue other opportunities outside the Bank.

Key Dates and Actions

• Date of Resignation Notice: The voluntary retirement notice from Mr. Sivaraman K is dated August 5, 2026.
• Date of Bank Acceptance: The Bank accepted the voluntary retirement on August 21, 2026.
• Effective Date of Retirement: Mr. Sivaraman K will retire from the service of the Bank after the closure of office hours on September 5, 2026. He is currently serving the notice period as per the terms of his employment.

Stated Rationale and Impact

Mr. Sivaraman K confirmed in his notice that the decision was made after careful consideration and is purely on personal grounds, with no other material reasons. He cited an ambition to pursue professional choices outside the Bank and expressed gratitude for his 30+ years of service.

The Bank has stated that sufficient leadership and oversight are available internally and that it is well-positioned to ensure continuity in the management of the role's requirements. The disclosure confirms no financial impact is quantified.