Specifically, the bank announced that on September 23, 2024, one day after Shyam Srinivasan’s tenure at the south-based bank comes to an end, Krishnan Venkat Subramanian (KVS) will join the bank. Srinivasan served the bank for 14 years as the CEO and MD.
KVS Manian has been appointed as the MD and CEO of Federal Bank for a three-year tenure, after approval by the Reserve Bank of India (RBI), the bank said on Monday evening to exchanges. Manian, a former Kotak Mahindra Bank joint MD, will replace Shyam Srinivasan.
Specifically, the bank announced that on September 23, 2024, one day after Shyam Srinivasan’s tenure at the south-based bank comes to an end, Krishnan Venkat Subramanian (KVS) will join the bank. Srinivasan served the bank for 14 years as the CEO and MD.
On April 30, Manian announced his resignation from Kotak Mahindra Bank, where he had worked for 29 years.
Kotak declared on February 20 that Manian would be promoted to the rank of Joint MD, effective March 1. Many executives in the banking sector said that he was promoted to avoid his departure when Ashok Vaswani was selected by the RBI to be the MD and CEO. To succeed Uday Kotak as MD and CEO, the Kotak board had suggested Manian and experienced bank employee Shanti Ekambaram. Along with Manian, Ekambaram was promoted to the position of deputy MD.
Manian oversaw asset reconstruction and corporate, banking, commercial, and private operations at Kotak. He is also in charge of the institutional equity and investment banking divisions. According to a Federal Bank statement, Manian has also played a significant role at Kotak Mahindra Bank in modernizing these companies’ technological infrastructure and establishing robust transaction banking capabilities.
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