Deposits, pricing of loans may be key tasks for new Federal Bank CEO
Business Standard|September 24, 2024
One of the key challenges for K V S Manian, who took charge of private sector lender Federal Bank on Monday as managing director and chief executive officer (CEO), will be boosting the deposit franchise amid a dwindling share of low-cost deposits, as well as improving the liquidity coverage ratio (LCR).
MANOJIT SAHA
Deposits, pricing of loans may be key tasks for new Federal Bank CEO

The Aluva-based lender's best-in-class asset quality, measured loan growth, and low share of unsecured loans have drawn investors' attention. Manian is expected to carry forward the legacy of his predecessor, Shyam Srinivasan, focusing on sustainable growth. "The appointment of K V S Manian, a veteran banker with nearly three decades of rich experience, should help the bank deliver on its strategy and ensure strong, sustainable growth," Axis Securities said in a note.

At the same time, there are challenges regarding deposits and loan pricing that the new CEO will likely need to address.

This story is from the September 24, 2024 edition of Business Standard.

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This story is from the September 24, 2024 edition of Business Standard.

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