Categories: Appointments

Federal Bank gets RBI nod to re-appoint Shyam Srinivasan as MD & CEO

Federal Bank shareholders have approved the motion to re-appoint Shyam Srinivasan as the Managing Director and Chief Executive Officer of the lender for a period of three years. His reappointment will come into effect from September 23, 2021, to September 22, 2024. Srinivasan took over as Federal Bank MD & CEO in 2010 and has been at the helm since then.

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Srinivasan is among the few foreign bankers who chose to move to smaller Indian banks after fairly long, successful stints in foreign banks (the others include RBL Bank’s Vishwavir Ahuja and DCB Bank’s Murali Natrajan). Over the last decade, Srinivasan has been at the helm of Federal, the bank has transformed into a mid-sized private bank with a strong focus on retail business, including gold loans and funding small and medium entrepreneurs.

Important takeaways for all competitive exams:

  • Federal Bank Headquarters: Aluva, Kerala;
  • Federal Bank Founder: K.P Hormis;
  • Federal Bank Founded: 23 April 1931.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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