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Federal Bank appoints C Balagopal as Part-Time Chairman from today as Grace Elizabeth Koshie retires

  • India Infoline News Service |
  • 22 Nov, 2021 |
  • 2:06 PM
Federal Bank has appointed C Balagopal,  Independent Director as the Part-Time Chairman of the Bank with effect from Monday (November 22).

Balagopal was appointed consequent to the retirement of Grace Elizabeth Koshie, Chairperson and Non-Executive Non- Independent Director from the Board of the Bank with effect from the end of November 21, 2021, upon completion of her tenure of 8 years on the Board of the Bank, following the regulatory requirements.

Federal Bank said, "The Board placed on record sincere appreciation for the valuable contributions made by Grace Elizabeth Koshie for the overall development of the Bank."

Balagopal will be Part-Time Chairman till June 28, 2023.

At around 2.04 pm, Federal Bank was trading at Rs92.25 per piece down by 2.6% on Sensex.

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