Brief: India's Federal Bank CEO: Formal Search Underway To Submit New Names To RBI For Post Of MD, CEO

Fedbank Financial Services

16/01/2024 09:41

Jan 16 (Reuters) - FEDERAL BANK CEO  FED.NS :
    * INDIA'S FEDERAL BANK CEO:  FORMAL SEARCH PROCESS UNDERWAY
TO
SUBMIT NEW NAMES TO RBI FOR POST OF MD, CEO
    * FEDERAL BANK CEO:  EXPECT SEARCH PROCESS TO BE COMPLETED
IN NEXT
FEW MONTHS
    * FEDERAL BANK CEO: BOARD WILL CONSIDER EXTERNAL CANDIDATES
AS
WELL FOR MD, CEO’S POST
    * FEDERAL BANK CEO: REGULATOR'S PREFERENCE NOT INCLINED TO
OFFER
ONE-YEAR EXTENSION OF MD & CEO POST
    * FEDERAL BANK CEO: BOARD WILL SUBMIT CANDIDATES' NAMES TO
RBI BY
END-APRIL OR EARLY MAY
    * FEDERAL BANK CEO: NO IMMEDIATE ACTION PLAN TO TRIM FURTHER
STAKE
IN FEDBANK FINANCIAL


 ((Reuters.Briefs@thomsonreuters.com;))