The Reserve Bank of India (RBI) has approved the appointment of Krishnan Venkat Subramanian as Managing Director & Chief Executive Officer of Federal Bank, the bank said in an exchange filing on July 22. Subramanian’s three-year term will commence from September 23, 2024, immediately following the conclusion of the current MD & CEO, Shyam Srinivasan’s tenure on September 22, 2024.
About KV Subramanian
The former Kotak executive holds a degree in Electrical Engineering from the Indian Institute of Technology (IIT) – Varanasi, and a Post Graduate degree in Financial Management from Jamnalal Bajaj Institute of Management Studies, Mumbai. He is also a Cost and Works Accountant by profession.
His Service
Subramanian has previously served as the Joint Managing Director of Kotak Mahindra Bank Limited until April 30, 2024, having led various critical divisions including Corporate Banking, Commercial Banking, Private Banking, and Asset Reconstruction.
His Career
His career began in the NBFC sector with Kotak Mahindra Finance Ltd, and he has extensive experience in Investment Banking. In his previous stint, Subramanian has played a pivotal role in upgrading technological infrastructure and strengthening transaction banking capabilities. Additionally, he oversaw the Investment Banking and Institutional Equities business units, maintaining their leadership positions in the industry.
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