Federal Bank has announced a significant addition to its leadership team, appointing Mr. Srinivasan P as Executive Vice President & Head – Business Initiatives (Wholesale Banking) and a Senior Management Personnel, effective August 28, 2025.

Extensive Banking Experience

Mr. Srinivasan brings a wealth of experience to his new role, with 22 years in the banking sector. His expertise spans various crucial areas, including:

• Corporate Banking
• Trade Finance
• Digital Transformation Initiatives

Previous Roles and Achievements

Prior to joining Federal Bank, Srinivasan held the position of Regional Head - Multinational Corporates Coverage at HDFC Bank. He has also worked with ABN AMRO Central Enterprise, further diversifying his banking experience.

Educational Background

Srinivasan's academic credentials include:

• Master's in Business Administration (MBA)
• Bachelor's degree in Chemical Engineering

Key Competencies

The bank highlighted several key competencies that Srinivasan brings to his new role:

• Team leadership
• Customer acquisition
• Deal structuring
• Credit appraisal
• Business development
• Risk management
• Client engagement

Additionally, he possesses a deep understanding of lending, trade finance, and treasury solutions.

Strategic Appointment

This appointment aligns with Federal Bank's focus on strengthening its wholesale banking division. Srinivasan's extensive experience in working with multinational corporations and his expertise in digital transformation initiatives are expected to contribute significantly to the bank's strategic growth in the wholesale banking sector.

Regulatory Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Federal Bank has made this appointment public through official channels, including notifications to the National Stock Exchange of India Limited and BSE Limited.

This strategic hire underscores Federal Bank's commitment to enhancing its leadership team with experienced professionals, potentially positioning the bank for growth and innovation in its wholesale banking operations.

Federal Bank shareholders are set for a dividend payout as the bank's shares will trade ex-dividend on Friday, August 22. Investors looking to qualify for the Rs 1.20 per share dividend must purchase the stock by the end of trading on Thursday.

Dividend Details

The Kerala-headquartered bank has set August 22 as the record date for its final dividend for the financial year ended March 31, 2025. The board has approved a 60% dividend, which translates to Rs 1.20 per equity share with a face value of Rs 2. This dividend payout is subject to shareholder approval at the upcoming Annual General Meeting scheduled for August 29, 2025.

Consistent Dividend History

Federal Bank has maintained a consistent dividend payout pattern over the past few years:

Recent Financial Performance

The bank's recent financial results have shown some challenges. In the June quarter, Federal Bank reported:

• Net profit declined by 15% year-on-year to Rs 862.00 crore
• Net interest margin narrowed to 2.94% from 3.16% a year earlier
• Despite challenges, advances grew by 9%

The decrease in profitability was attributed to narrowing margins and higher provisions.

Investor Relations Activity

According to the latest LODR (Listing Obligations and Disclosure Requirements) filing, Federal Bank participated in Antique's Flagship Investor Conference on August 20, 2025. The bank held group meetings with various institutional investors, including:

• Enam Holdings
• Universal Sompo General Insurance
• Bandhan Life Insurance
• Bandhan Mutual Fund
• Edelweiss Mutual Fund
• Nippon India Mutual Fund
• M3 Investments

The meetings were held physically at Trident, BKC, Mumbai. The bank stated that no presentations were made during these meetings, indicating that discussions were likely focused on existing public information and general strategy.

Investors and analysts will be closely watching Federal Bank's performance in the coming quarters, particularly in light of the recent dividend announcement and the challenges faced in the June quarter. The upcoming Annual General Meeting on August 29, 2025, may provide further insights into the bank's strategies to address margin pressures and improve profitability.