KOCHI: The wait for the new MD & CEO of Federal Bank is over.
As expected and reported by several media, and more specifically by businessbenchmark.news, the name of Krishnan Venkat Subramanian (KVS Manian) has been cleared by the Reserve Bank of India (RBI) as the new Managing Director & Chief Executive Officer (CEO) of Federal Bank for a period of 3 (three) years, with effect from September 23, 2024.
The term of the present Managing Director & CEO, Shyam Srinivasan, is expiring on September 22, 2024, after having headed the bank for 14 years, right from 2010 when he took charge as the bank’s MD & CEO.
KVS Manian
Krishnan Venkat Subramanian of KVS Manian was the Joint Managing Director of Kotak Mahindra Bank Ltd till April 30, 2024, spearheading corporate banking, commercial banking, private banking and asset reconstruction business, and was responsible for building a high quality integrated and profitable franchise across these businesses.
He has also been instrumental in upgrading the technology in these businesses and in building strong transaction banking capabilities. He also oversaw the investment banking and institutional equities business.
Prior to this assignment, he was the head of the Consumer Banking operations of Kotak Mahindra Bank and was instrumental in the early period of setting up the consumer banking from 2003 to 2014. His experience prior to that was in the NBFC (then called Kotak Mahindra Finance Ltd) and in the investment banking area.
He is an electrical engineer from Indian Institute of Technology (BHU) – Varanasi, Post Graduate in Financial Management from Jamnalal Bajaj Institute of Management Studies Mumbai, and a Cost and Works Accountant.
