RBI okays reappointment of Shyam Srinivasan as Federal Bank CEO

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.

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