Private sector lender Federal Bank has announced two changes in its senior management by appointing Suresh Kumar as Non-Executive Chairman and K.M. Chandrasekhar as an Additional Director.
Suresh Kumar, who has been on the board of the Kochi-based bank since November 2005, will stay as the Non-Executive Chairman for two years.
Besides, he is the Non-Executive Chairman of the bank’s associate concern, Fedbank Financial Services Ltd, and Director in IDBI Federal Life Insurance Co. Ltd.
On the other hand, Chandrasekhar’s term will be for three years. He has been Vice-Chairman of Kerala Planning Board and former Union Cabinet Secretary.