Krishnan Venkat Subramanian is the new CEO of Federal Bank
Federal Bank has announced the appointment of Krishnan Venkat Subramanian as its new Managing Director and CEO. The decision was made public through a stock exchange filing on August 31, with his tenure set to commence on September 23, 2024. Subramanian will serve in this position for three years, subject to retirement by rotation.
Extensive experience in banking sector
Prior to this appointment, Subramanian served as the Joint Managing Director of Kotak Mahindra Bank until April 30, 2024. During his tenure there, he led several divisions including Corporate Banking, Commercial Banking, Private Banking, and Asset Reconstruction business. He was instrumental in enhancing the bank's technology and transaction banking capabilities while managing its Investment Banking and Institutional Equities businesses.
Contributions to NBFC sector and investment banking
Subramanian's professional journey also includes a significant stint as Head of the Consumer Bank from 2003 to 2014. He has made substantial contributions to the Non-Banking Financial Companies (NBFC) sector under Kotak Mahindra Finance Ltd and in Investment Banking. His diverse experience in various facets of banking is expected to be an asset for Federal Bank in its future endeavors.
A look at Subramanian's educational background
Subramanian holds an Electrical Engineering degree from the Indian Institute of Technology (IIT BHU), Varanasi. He also has a Postgraduate degree in Financial Management from Jamnalal Bajaj Institute of Management Studies, Mumbai, and is a certified Cost and Works Accountant. His strong academic background in finance and engineering complements his extensive professional experience in the banking sector.
