Money & Banking

RBI gives 3-year extension to Federal Bank CEO

Our Bureau. Mumbai | Updated on July 09, 2021

Srinivasan assures shareholders of steady and consistent performance by the bank

 

The Reserve Bank of India has approved the re-appointment of Shyam Srinivasan as the Managing Director and CEO of Federal Bank for a three-year period.

“We wish to inform you that the approval from Reserve Bank of India has been received on July 9 for the re-appointment of Shyam Srinivasan as the MD and CEO of the bank for a period of three years with effect from September 23, 2021, till September 22, 2024,” said Federal Bank in a stock exchange filing on Friday.

Holds AGM

Meanwhile, at the bank’s annual general meeting on Friday, Srinivasan assured shareholders of steady and consistent performance by the lender.

Published on July 09, 2021

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