Mumbai: The Reserve Bank of India (RBI) has granted approval for Krishnan Venkat Subramanian to assume the role of Chief Executive Officer (CEO) and MD at Federal Bank. This decision follows the Federal Bank’s proposal for Manian, who is currently the bank’s Executive Director.
Manian’s appointment is set to follow the retirement of the current CEO, Shyam Srinivasan, who has led the bank for over a decade. Srinivasan’s tenure has been marked by a focus on strengthening the bank’s financial position and expanding its market presence. Federal Bank’s Board of Directors had previously recommended Manian for the role, highlighting his extensive experience within the bank. Manian has been with Federal Bank since 2010, having served in various capacities including as the Head of Corporate Banking and as an Executive Director. His background in financial management and strategy is expected to support the bank’s continued growth and development.
The RBI’s endorsement of Manian’s appointment aligns with regulatory procedures for leadership transitions in major financial institutions. As he steps into this new role, Manian will be responsible for steering the bank through evolving economic conditions and continuing its strategic initiatives.
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