Mr. Shyam Srinivasan, MD & CEO, Federal Bank Becomes the Chairman of the IBA Committee on Member Private Sector Banks – 2014-15

Indian Banks Association (IBA) has reconstituted the “IBA Committee on Member Private Sector Banks” for the year 2014-15 and  Mr. Shyam Srinivasan, MD & CEO of Federal Bank is appointed as the Chairman of the Committee.  The committee on Member Private Banks of IBA consists of Executives from 13 private sector banks. The Committee is an exclusive body which looks after the specific affairs/needs of all the 23 private sector banks who are members of IBA. The term of the committee is for one year.

About Federal Bank:

Federal Bank is a leading Private Sector Bank with a branch network of 1219 branches and 1,466 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at  Rs 1.03  Lakh  Crore as at March 31, 2014and it has earned a net profit of Rs 838.89 Crore.  Its Capital to Risk weighted Ratio (CRAR) stood at 15.14% at the end of March 31.  Federal Bank has its representative Office at Abu Dhabi that serves as a nerve centre for NRI customers in the UAE. Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par. It has a well defined vision for the future as a guidepost to its progress.