Pursuant to the approval of RBI vide its letter no. DoR.GOV.No.2342/08.38.001/2024-25 dated July 22, 2024 under Section 35B of the Banking Regulation Act, 1949 for the appointment of Mr. Krishnan Venkat Subramanian (DIN: 00031794) as Managing Director & CEO with effect from September 23, 2024, for a period of three years. He will take charge on September 23, 2024, as Managing Director & CEO of The Federal Bank Limited.
Mr. Shyam Srinivasan (DIN: 02274773) retired from the office of the Managing Director & CEO of the Bank at the end of September 22, 2024, on expiry of his distinguished 14 years tenure.
Shares of The Federal Bank Limited was last trading in BSE at Rs. 186.30 as compared to the previous close of Rs. 185.75. The total number of shares traded during the day was 123236 in over 1400 trades.
The stock hit an intraday high of Rs. 187.80 and intraday low of 182.45. The net turnover during the day was Rs. 22830714.00. |
