ALUVA : Premier private sector lender Federal Bank Limited has officially announced the appointment of Rajesh Warrier as an Additional Director (Non-Executive Independent Director) on its Board of Directors. The appointment was made pursuant to the provisions of the Banking Regulation Act, 1949, and guidelines issued by the Reserve Bank of India (RBI).
The decision was approved by the Board of Directors during its meeting held on October 16, 2026, following recommendations from the Nomination, Remuneration, Ethics, and Compensation Committee. The appointment takes effect immediately for a tenure of three years.
In compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, shareholder approval for the appointment will be sought at the upcoming General Meeting or within three months from the date of appointment, whichever is earlier.
Federal Bank officially confirmed that Rajesh Warrier has no familial relationships with any existing Directors or Key Managerial Personnel (KMP) of the bank. Furthermore, he is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other regulatory authority. Welcoming him to the leadership team, the Board expressed confidence that his extensive banking acumen and governance expertise will add substantial value to the bank’s strategic growth initiatives and operational expansion.
