The Federal Bank has said that it has
received the Reserve Bank of India (RBI) approval to reappoint Shyam Srinivasan
as Managing Director (MD) and Chief Executive Officer (CEO) by 22 September
2021.
He has significant expertise in
retail lending, wealth management and banking-related to small and medium
enterprises (SMEs). He is an alumnus of Indian Institute of Management (IIM)
Kolkata and Regional Engineering College, Tiruchirappalli.
Srinivasan took over as the MD and
CEO of the bank on 23 September 2010. The Federal Bank told the stock markets
that it received approval from the Reserve Bank on 16 July 2020 for the
reappointment of Shyam Srinivasan. It will be effective from 23 September 2020
to 22 September 2021, the date of completion of his current term. He joined
Federal Bank with 20 years of experience with leading multinational banks in
India, West Asia and South-East Asia.
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