Federal Bank has a recent change of guard. K.V.S. Manian, a veteran of Kotak Mahindra Bank, who was its Joint Managing Director, has taken up the position of MD & CEO of the bank, taking the place of Shyam Srinivasan, who demitted office on September 22 after a 14-year term. Manian has been a pivotal figure at Kotak Group, in its transformation from its NBFC days to the No. 4 private bank in the country.
Manianâs appointment gains significance as Federal Bank today is recognized as one of the fastest growing banks in India with a focused role in secured and small-businesses lending. Manian needs not just to strengthen the bank in this direction in order for it to make an impact in the competing scenario, but to shape the bankâs future strategies for overall growth as well.
A NEW FOCUS
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