Tag: leadership

Private lender Federal Bank on Monday, in a regulatory filing, announced that its current CFO and Executive Director Ashutosh Khajuria will move to “establish ESG journey”, and named Group President Venkatraman Venkateswaran as the new CFO. The appointment of the new CFO is effective May 18, 2021.

Post the transition, Khajuria will also be responsible for treasury, credit & collections, and strategic initiatives of the bank, the lender said.

The new CFO Venkatraman Venkateswaran is a chartered accountant qualified with graduate degrees in Law and Economics with more than three decades of professional expertise in banking and compliance. He is also equipped with an Executive MBA from Indian Institute of Management, the bio shared in the filing said.

Previously, Venkateswaran handled senior positions and was responsible for financial management, reporting and financial control in large corporations like Indian Rayon & Industries (Aditya Birla Group), the Singapore based Kewalram Chanrai Group and as CFO with Invensys India Pvt Ltd.

Following the news, shares of the Federal Bank were trading at Rs 82.15 apiece on the BSE, up 3 per cent from the previous close.