The Reserve Bank of India (RBI) has approved the appointment of Krishnan Venkat Subramanian as the new Managing Director & Chief Executive Officer (MD & CEO) of Federal Bank. The appointment, announced in an exchange filing by Federal Bank, is set to take effect from September 23, 2024, following the conclusion of the current MD & CEO’s term on September 22, 2024. The appointment is under Section 35B of the Banking Regulation Act, 2013, and is for a period of three years.
Krishnan Venkat Subramanian brings extensive experience to his new role, having served as the Joint Managing Director of Kotak Mahindra Bank Limited until April 30, 2024. At Kotak Mahindra, he led key divisions including Corporate Banking, Commercial Banking, Private Banking, and Asset Reconstruction. He played a pivotal role in building a high-quality, integrated, and profitable franchise across these sectors. His tenure was also marked by significant technological upgrades and the development of strong transaction banking capabilities. Additionally, Subramanian oversaw the Investment Banking and Institutional Equities businesses, which continued to strengthen their leadership positions in the industry.
Before his role as Joint Managing Director, Subramanian was the Head of the Consumer Bank at Kotak Mahindra Bank, where he was instrumental in setting up the Consumer Bank from 2003 to 2014.
Federal Bank’s Board of Directors expressed confidence in Subramanian’s leadership, noting his extensive experience and successful track record in the banking sector. The Board looks forward to his contributions in driving the bank’s growth and innovation in the coming years.
