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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.
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