Federal Bank CFO Venkatraman Venkateswaran elevated to executive director

Federal Bank has elevated its group president and chief financial officer, Venkatraman Venkateswaran, as executive director, following approval from the Reserve Bank of India (RBI) for a three-year term starting July 10. The 59-year-old Chartered Accountant will first assume charge as additional executive director, pending shareholder approval at the upcoming AGM or within three months, whichever comes first.