RBI okays reappointment of Shyam Srinivasan as Federal Bank CEO

Shyam Srinivasan

The Reserve Bank of India (RBI) has given the final nod to the reappointment of Shyam Srinivasan as the Managing Director and CEO of Federal Bank for one more year.

This reappointed has given Srinivasan a chance to complete a full decade as the head of the private sector lender.

His re-appointment is will be effective from September 23 this year until September 22, 2020,said the bank said in a regulatory filing.

The board of the lender had, however, requested for a three-year term for Srinivasan’s re-appointment. Srinivasan, 57, took charge as the Managing Director and CEO of Federal Bank on September 23, 2010. 

Earlier, he was re-appointed as the MD and CEO of the bank for a three-year period from September 23, 2016, to September 22, 2019, on the completion of his second term.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.