The Federal Bank Limited announced that Mr. A P Hota, Independent Director would be taking charge as Part Time Chairman of the Bank with effect from June 29, 2023, till January 14, 2026, consequent to retirement of Mr. C Balagopal, Part time Chairman and Independent Director from the Board of the Bank with effect from end of June 28, 2023 upon
completion of his tenure of 8 years on the Board of the Bank, in accordance with the regulatory requirements.