Who has been appointed as the new chairman of Federal Bank?

The shareholders of Federal Bank had approved the motion with a majority to re-appoint the current managing director and CEO of Federal Bank, Shyam Srinivasan, as the MD and CEO of Federal Bank for another term of 3 years till September 2024. Federal Bank has also issued a statement to the effect that RBI had approved and cleared the choice.

Under the leadership of Shyam Srinivasan, Federal Bank had adopted the highly popular and effective 3-pronged strategy of “Simple, digital, contactless”. That had been instrumental in driving growth at the bank and also in sync with the times. The shareholders at the AGM adopted the audited financial statements and approved 35% dividend for FY21.