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Federal Bank Hits Record After RBI Approves Appointing KVS Manian As CEO

Summary by NDTV Profit
Shares of Federal Bank Ltd. hit record highs on Tuesday after the Reserve Bank of India approved the appointment of Krishna Venkat Subramanian as managing director and chief executive officer of the bank.The private lender said that the appointment will come into effect from Sept. 23 and will be for a period of three years. Manian will succeed Shyam Srinivasan, who is set to retire in September, according to an exchange filing on Monday.NDTV Pro…

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