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Srinivasan Assumes Lead At Federal Bank

Vanessa Doctor

23 September 2010

Shyam Srinivasan has assumed the leadership of Kerala-based Federal Bank as its new managing director and chief executive.

Srinivasan was previously the country manager at Standard Chartered Bank's consumer banking business. He had also been country head at the bank's consumer unit in Malaysia.

The Reserve Bank of India had announced his appointment in early August 2010, after the then MD and CEO M Venugopalan said he was to retire on 31 July.