“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.