In a surprising move, the Reserve Bank of India (RBI) has turned down Federal Bank's proposal seeking an extension of its managing director (MD) and chief executive officer (CEO) Shyam Srinivasan's term for one year.
Srinivasan, who took charge of the Aluvabased private sector lender in 2010, was eligible to continue for one more year.
This story is from the January 06, 2024 edition of Business Standard.
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This story is from the January 06, 2024 edition of Business Standard.
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