Indian private sector lender Federal Bank Limited announced the appointment of Elias George as Additional Director (Independent) on the company’s Board, with effect from September 5, 2023. According to the Bank’s exchange filing, “we would like to inform you that based on the recommendations of the Nomination, Remuneration, Ethics and Compensation Committee, the Board of…
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A.P. Hota appointed as the new Chairman of Federal Bank
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•Reserve Bank of India accorded approval for the appointment of A.P. Hota as the part-time Chairman of the Bank with effect from June 29, 2023 till January 14, 2026. A. P. Hota was serving as an independent Director on the Board of the Bank since January 15, 2018. Abhay Prasad Hota has 27 years of experience…
Harsh Dugar appointed as Executive Director of Federal Bank
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•Harsh Dugar has been appointed as Executive Director of Federal Bank after receiving approval from Reserve Bank of India in this regard. The approval has been received for a period of three years from the date of assuming charge. He would assume charge as Executive Director of the Bank with effect from 23rd June 2023. Harsh…
Federal Bank re-appoints Shyam Srinivasan as MD & CEO
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•Federal Bank announced it has re-appointed Shyam Srinivasan as Managing Director and Chief Executive Officer of the bank for a period of three years, effective from September 23, 2021. According to the exchange filing, “As required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements Regulations, 2015), we wish to inform you that the…
Venkatraman Venkateswaran named CFO of the Federal Bank
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•Federal Bank, one of the leading private sector banks in India, announced the appointment of Venkatraman Venkateswaran as Chief Financial Officer, effective from May 18, 2021. “In terms of the captioned subject matter and the above referred Regulation, it is hereby informed that the Board of Directors of the Bank at its meeting held today,…
MoneyGram partners with Federal Bank to expand account deposit capabilities
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•MoneyGram Payment Systems, Inc., a wholly-owned subsidiary of MoneyGram International, Inc., recently announced that it has entered into a partnership with The Federal Bank Limited, a private sector Bank in India, for a strategic partnership to offer a cost-effective direct to bank account credit option for customers in India. Through this partnership, millions will be…