RBI Approves Former Kotak Exec KV Subramanian as New Federal Bank CEO & MD: What This Means for Federal Bank Share Price

The Reserve Bank of India (RBI) has approved the appointment of Krishnan Venkat Subramanian as the Managing Director and Chief Executive Officer of Federal Bank, the bank announced in an exchange filing on Monday. This follows a report from April 30 by ET that Subramanian might take up the role at Federal Bank.

Subramanian’s three-year term will begin on September 23, 2024, right after the current MD & CEO, Shyam Srinivasan, completes his term on September 22, 2024.

Subramanian previously served as the Joint Managing Director of Kotak Mahindra Bank Limited until April 30, 2024. At Kotak Mahindra Bank, he led various critical divisions, including Corporate Banking, Commercial Banking, Private Banking, and Asset Reconstruction.

The former Kotak executive holds a degree in Electrical Engineering from the Indian Institute of Technology (IIT) – Varanasi, and a postgraduate degree in Financial Management from Jamnalal Bajaj Institute of Management Studies, Mumbai. He is also a Cost and Works Accountant by profession.

Subramanian began his career in the Non-Banking Financial Company (NBFC) sector with Kotak Mahindra Finance Ltd and has extensive experience in investment banking. In his previous roles, he played a pivotal role in upgrading technological infrastructure and strengthening transaction banking capabilities.

Additionally, he oversaw the Investment Banking and Institutional Equities business units, maintaining their leadership positions in the industry.