The Federal Bank Limited has informed the Exchange about Intimation of Appointment of Mr. Venkatraman Venkateswaran as Executive Director on the Board of the Bank
FEDERALBNK · price
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The Federal Bank has appointed Mr. Venkatraman Venkateswaran as Additional Executive Director on its Board, effective July 10, 2025, for a 3-year term. The appointment has been approved by the RBI and is subject to shareholder approval at the next AGM or within 3 months. Mr. Venkatraman, aged 59, is currently the bank's Group President & CFO and has been with Federal Bank since April 2021. He is a qualified Chartered Accountant with 33 years of experience, including stints at Standard Chartered and HSBC. He is not related to any existing director and is not debarred by SEBI or any other authority.
This is a positive internal promotion — the bank's existing CFO is elevated to the Board, which signals continuity in financial leadership and governance. For shareholders, this is a routine leadership strengthening move with no negative governance flags.