Mumbai, July 30 — In a strategic leadership move, Federal Bank has promoted its Group President and Chief Financial Officer, Venkatraman Venkateswaran, to the role of Executive Director. The appointment has received approval from the Reserve Bank of India and is effective from July 10, 2025, for a tenure of three years.
Venkateswaran, 59, brings with him more than 33 years of experience across banking and the corporate sector. He joined Federal Bank in 2021 and has since overseen crucial operations such as finance, taxation, credit administration, IT strategy, and loan recovery. He also spearheaded several transformation initiatives, including the bank’s digital roadmap, shared services (FedServ), and data-driven planning through MIS analytics.
His elevation comes in the wake of Shalini Warrier’s resignation from the Executive Director post. He has been appointed as an Additional Executive Director, and will formally take charge following shareholder approval at the bank’s upcoming Annual General Meeting or within three months—whichever comes first.
Prior to joining Federal Bank, Venkateswaran held leadership roles at Standard Chartered Bank, HSBC, and companies in the manufacturing sector.
The bank said the move reflects its focus on enhancing leadership depth and driving operational excellence through experienced professionals at the board level.
