RBI approves C. Balagopal as Part Time Chairman of Federal Bank

C. Balagopal will take charge of the Bank from November 22, 2021, till June 28, 2023.

Sep 13, 2021 11:09 IST India Infoline News Service

The Reserve Bank of India has approved the appointment of C. Balagopal as the Part-Time Chairman of The Federal Bank Limited.

“RBI had vide its letter DOR. GOV. No. S 1019/08.38.001/2021-22 dated September 09, 2021, accorded its approval for the appointment of Mr. C Balagopal (DIN- 00430938), Independent Director, as Part-Time Chairman of the Bank with effect from November 22, 2021, till June 28, 2023,” company said in a regulatory filing on Friday.

At around 11.42 am, Federal Bank Ltd was trading at Rs81.95 per piece down by Rs0.45 or 0.55% from its previous closing of Rs82.40 per piece on the BSE.

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