Federal Bank gets approval from RBI to re-appoint Shyam Srinivasan as MD & CEO

Private area Federal Bank on July 9, 2021, got its endorsement from the Reserve Bank of India (RBI) to re-choose

Shyam Srinivasan

as its Managing Director (MD) and CEO for a very long time.

The Reserve Bank of India gave its endorsement on July 9, 2021, for the re-arrangement of Shyam Srinivasan as the MD and CEO of the Federal bank for a very long time with impact from September 23, 2021, till September 23, 2024.

Beforehand in July 2020, Federal Bank had accepted RBI’s gesture for reappointment of Srinivasan as MD and CEO till September 22, 2021. Srinivasan had assumed responsibility as CEO of the bank on September 23, 2010.

Who is Shyam Srinivasan?

•Shyam Srinivasan is the MD and CEO of the Federal Bank. He had gotten the bank together with more than 20 years of involvement in driving global banks in India, Southeast Asia, and the Middle East. He has critical aptitude in SME banking, abundance the board, and retail loaning.

•Srinivasan is a graduate of IIM, Kolkata, and Regional Engineering College, Tiruchirappalli (National Institute of Technology, Tiruchirappalli). He has additionally sought after a Leadership Development Program from the London Business School.

•Srinivasan has among the best 100 leaders on the Global Executive Forum of Standard Chartered Bank from 2004 to 2010.

•Srinivasan has been granted:

(I) Business Standard Banker of the Year 2020

(ii) Distinguished Alumnus Award 2017 of IIM Calcutta

(iii) Distinguished Alumnus Award of NIT, Trichy

(iv) Greatest Corporate Leaders of India Award by the World HRD Congress

(v) Rashtriya Udyog Ratna Award initiated by the NEHRDO

(vi) Exemplary Leadership Award from the Rotary Club