- CNM Business Reporter
The Reserve Bank of India (RBI) has approved the re-appointment of Shyam Srinivasan, Managing Director and CEO of Federal Bank. The reassignment is for three years until September 22, 2024. In July, the bank’s board of directors had sought the RBI’s permission to extend the appointment,expiring on September 22, 2021 for another three years, .
Shyam Srinivasan is the longest serving head of the bank after KP, Hormis, the founder of the bank.