The Federal Bank Limited has informed the Exchange about Intimation of Re-appointment of Mr. Harsh Dugar as the Executive Director on the Board of the Bank
FEDERALBNK · price
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The Federal Bank has received RBI approval for the re-appointment of Mr. Harsh Dugar as Executive Director on the Bank's Board for a period of three years, effective June 23, 2026. The re-appointment is subject to shareholder approval at the next General Meeting or within 3 months, whichever is earlier. Mr. Harsh Dugar has been serving as the Bank's Executive Director since 2023 and brings 20 years of prior corporate banking experience from HDFC Bank. He is not debarred or disqualified from holding a director's office by any authority.
This is a continuity move — the existing Executive Director gets another 3-year term with RBI backing, signalling stability in leadership. For shareholders, this is largely procedural; the key next step is shareholder approval, which is expected to be a formality.