Srinivasan took cost as MD and CEO of the lender on September 23, 2010.
“We wish to inform you that the approval from Reserve Bank of India has been received on July 9, 2021 for the re-appointment of Shyam Srinivasan as the MD & CEO of the bank for a period of three years with effect from September 23, 2021 till September 22, 2024,” Federal Bank mentioned in a regulatory submitting.
Earlier in July 2020, the South-based lender had acquired RBI’s nod for reappointment of Srinivasan as Managing Director and Chief Executive Officer until September 22, 2021.
He had joined Federal Bank with the expertise of over 20 years with main multinational banks in India, Middle East and South East Asia. He has vital experience in retail lending, wealth administration and small and medium enterprises (SME) banking, it mentioned.
Srinivasan is an alumnus of the Indian Institute of Management, Calcutta, and Regional Engineering College, Tiruchirapally.