RBI Approves Appointment Of Krishnan Venkat Subramanian as Federal Bank MD And CEO
The Reserve Bank of India (RBI) has approved the appointment of Krishnan Venkat Subramanian as the Managing Director and Chief Executive Officer of Federal Bank. The approval, detailed in a letter dated July 22, 2024, follows the bank’s application submitted on May 6, 2024. Subramanian will assume his new role on September 23, 2024, succeeding the current MD & CEO whose term ends on September 22, 2024.
Subramanian brings extensive experience from his tenure at Kotak Mahindra Bank, where he held key leadership positions and drove significant business growth and technological advancements.
He spearheaded various banking sectors, including corporate, commercial, private banking, and asset reconstruction, and was instrumental in building a high-quality, integrated, and profitable franchise.
Subramanian’s prior roles include Head of Consumer Bank and experience in non-banking financial companies (NBFC) and investment banking.
His educational background includes an electrical engineering degree from IIT (BHU) – Varanasi, a postgraduate degree in financial management from Jamnalal Bajaj Institute of Management Studies, Mumbai, and a Cost and Works Accountant qualification. His appointment is for a three-year term under Section 35B of the Banking Regulation Act, 2013.
