Federal Bank has announced the appointment of Mr. Venkatraman Venkateswaran as the Executive Director on its Board, effective July 10, 2025. The move marks a significant elevation for Venkateswaran, who has been instrumental in shaping the Bank’s financial and operational strategies over the past four years.
Venkateswaran, 59, currently serves as the Group President & Chief Financial Officer of the Bank. Since joining Federal Bank in April 2021, he has led multiple key portfolios including Financial Reporting, Taxation, Operations, Loan Collections, Credit Administration, Investor Relations, and IT. His oversight also extends to the Bank’s subsidiary, FedServ.
A qualified Chartered Accountant, Venkateswaran brings with him over 33 years of industry experience, including 21 years in banking with stints at Standard Chartered, HSBC, and now Federal Bank. His early career was rooted in the manufacturing sector, where he spent 12 formative years before transitioning into banking.
Under his leadership as CFO, the Bank has witnessed revenue growth, cost efficiencies, and enhanced customer satisfaction — all of which align with Federal Bank’s long-term strategic objectives. His comprehensive understanding of the Bank’s financial ecosystem has been pivotal to its performance during a period marked by both transformation and regulatory change.
Federal Bank highlighted Venkateswaran’s deep operational insight and leadership qualities as core reasons behind his elevation. He is expected to play a key role in the Bank’s continued focus on innovation, governance, and stakeholder value creation.
Appointment of Venkateswaran is subject to approval of shareholders at the ensuing Annual General Meeting or within a period of 3 months from the date of assuming charge whichever is earlier. Based on the RBI approval, he would assume charge as Additional Executive Director of the Bank w.e.f July 10, 2025, on the terms and conditions including remuneration as approved by Reserve Bank of India.
