KVS Manian appointed as MD & CEO of Federal Bank for three years

Krishnan Venkat Subramanian was the Joint Managing Director of Kotak Mahindra Bank Limited till April 30, 2024, spearheading Corporate, Banking, Commercial banking, Private Banking and Asset Reconstruction business

The Reserve Bank of India (RBI) on Monday approved the appointment of Krishnan Venkat Subramanian as the Managing Director & Chief Executive Officer of the Federal Bank.

In an exchange filing Federal Bank said, "We wish to inform you that, based on our application made to the Reserve Bank of India (“RBI”) on May 06, 2024, for its approval for the new Managing Director & Chief Executive Officer of the Bank, the RBI has, vide its letter dated July 22, 2024, approved the appointment of Krishnan Venkat Subramanian as the Managing Director & Chief Executive Officer of the Bank under Section 35B of the Banking Regulation Act, 2013, for a period of 3 (three) years, with effect from September 23, 2024, after the expiry of the term of the current Managing Director & CEO on September 22, 2024".

Krishnan Venkat Subramanian was the Joint Managing Director of Kotak Mahindra Bank Limited till April 30, 2024, spearheading Corporate, Banking, Commercial banking, Private Banking, and Asset Reconstruction businesses and was responsible for building a high-quality integrated, and profitable franchise across these businesses. He has also been instrumental in upgrading the technology in these businesses and in building strong transaction banking capabilities. He also oversees the Investment
banking and Institutional Equities business. The Investment Banking, Institutional Equities, and Private Banking businesses continue to maintain and improve their leadership positions in the industry.

Prior to this assignment, he was the Head of the Consumer Bank with the bank and was instrumental in the early period of setting up the Consumer Bank from 2003 to 2014.

His experience before that was in the NBFC (then called Kotak Mahindra Finance Ltd) and in the Investment Banking area.

He is an electrical engineer from the Indian Institute of Technology (BHU) - Varanasi, Post Graduate in Financial Management from Jamnalal Bajaj Institute of Management Studies Mumbai, and a Cost and Works Accountant.