RBI Approves KV Subramanian as New MD & CEO of Federal Bank

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RBI has approved the appointment of Krishnan Venkat Subramanian as MD & CEO of Federal Bank.

An Overview of the News

• His three-year term will start on September 23, 2024, succeeding Shyam Srinivasan.

• Subramanian was the Joint Managing Director at Kotak Mahindra Bank until April 30, 2024.

• Led divisions such as Corporate Banking, Commercial Banking, Private Banking, and Asset Reconstruction.

Background Of Subramanian

• Holds a degree in Electrical Engineering from IIT Varanasi.

• Earned a postgraduate degree in Financial Management from Jamnalal Bajaj Institute of Management Studies, Mumbai.

• Qualified as a Cost and Works Accountant.

Career Achievements

• Began his career in the NBFC sector with Kotak Mahindra Finance Ltd.

• Has extensive experience in Investment Banking.

• Played a key role in upgrading technological infrastructure and enhancing transaction banking capabilities.

• Oversaw Investment Banking and Institutional Equities, maintaining industry leadership.

Federal Bank Limited:

• It is an Indian private sector bank headquartered in Aluva, Kochi, Kerala.

• The bank operates 1,370 branches in various states of India.

• Federal Bank has representative offices in Abu Dhabi, Qatar, Kuwait, Oman and Dubai.

• The bank provides a wide range of financial services to its customers including retail banking, corporate banking, treasury operations and wealth management.

• It emphasises a customer-centric approach and strives to provide efficient and convenient banking solutions.

  • Founder - K.P Hormis

  • Establishment - 23 April 1931, Nedumpuram