Federal Bank Appoints Manikandan M as Chief Financial Officer
Federal Bank has announced the appointment of Mr. Manikandan M as its new Chief Financial Officer and Key Managerial Personnel, effective May 1, 2026. The appointment was approved by the Board of Directors at its meeting held on April 29, 2026. Mr. Manikandan M, who currently serves as Deputy Vice President-II and Head of Financial Reporting, will report to Mr. Venkatraman Venkateswaran, Executive Director of the Bank. Mr. Venkatraman Venkateswaran, the current Executive Director and CFO, will be relieved from the CFO role effective from the close of business hours on April 30, 2026, but will continue to serve as Executive Director of the Bank. The transition has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Manikandan M, aged 35 years, is a Fellow Member of the Institute of Chartered Accountants of India, an Associate Member of the Institute of Company Secretaries of India, and a licensed Certified Public Accountant (USA). He brings over 12 years of post-qualification experience in the banking sector and has been associated with Federal Bank since October 2013.
*this image is generated using AI for illustrative purposes only.
Federal Bank has announced the appointment of Mr. Manikandan M as its new Chief Financial Officer and Key Managerial Personnel, effective May 1, 2026. The appointment was approved by the Board of Directors at its meeting held on April 29, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Appointment Details
Mr. Manikandan M, who currently serves as Deputy Vice President-II and Head of Financial Reporting, will assume the role of CFO and Key Managerial Personnel. The Board has also approved his appointment as Senior Management Personnel pursuant to Section 203 of the Companies Act, 2013 and regulation 16(1)(d) of SEBI (LODR) Regulations. In his new capacity, he will report directly to Mr. Venkatraman Venkateswaran, Executive Director of the Bank.
Leadership Transition
Mr. Venkatraman Venkateswaran, the current Executive Director and CFO, will be relieved from the CFO role effective from the close of business hours on April 30, 2026. He will continue to serve as Executive Director of the Bank, ensuring continuity in the bank's leadership structure.
| Aspect | Details |
|---|---|
| New CFO | Mr. Manikandan M |
| Effective Date | May 1, 2026 |
| Previous CFO | Mr. Venkatraman Venkateswaran |
| Cessation Date | April 30, 2026 |
| Reporting To | Mr. Venkatraman Venkateswaran, Executive Director |
Profile of Mr. Manikandan M
Mr. Manikandan M, aged 35 years, brings extensive qualifications and experience to the role:
- Fellow Member of the Institute of Chartered Accountants of India (FCA No: 234412)
- Associate Member of the Institute of Company Secretaries of India
- Licensed Certified Public Accountant (USA)
- Over 12 years of post-qualification experience in the banking sector
- Associated with Federal Bank since October 2013
He is a Gold Medalist in Bachelor of Commerce, a Certified Associate of the Indian Institute of Banking & Finance, and completed the Strategic Leadership Development Programme of the Indian Institute of Management, Bangalore. Under his leadership, the Bank received the ICAI Awards for Excellence in Financial Reporting (Plaque for FY 2021 and Silver Shield for FY 2022) and the SAFA Certificate of Merit (FY 2021). He was also recognized with the ICAI's 40 under 40: CA Business Leader award in 2025.
Historical Stock Returns for Federal Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.77% | -3.20% | +6.55% | +22.15% | +41.06% | +270.02% |
What strategic initiatives might Federal Bank pursue under the new CFO's leadership given his expertise in capital raising and regulatory compliance?
How will Mr. Venkatraman Venkateswaran's continued role as Executive Director complement the new CFO's responsibilities in driving the bank's growth strategy?
Could this leadership transition signal Federal Bank's preparation for major capital market activities or expansion plans in the coming quarters?
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