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Fed Bank eyes 'favourite' tag
Mint New Delhi
|February 25, 2025
Lending discomfort
The Federal Bank Ltd shared its plan for the next three financial years to FY28 at its analysts' meeting on Friday. This provided an opportunity to understand the thought process of K.V.S. Manian, former Kotak Mahindra Bank executive with 25 years of experience, who took over as Federal's MD and CEO in September.
Manian has a new mantra: make Federal Bank the favourite of investors and customers. Note that this management transition was significant as the bank had Shyam Srinivasan in the role for 14 years. Under his leadership, the bank increased its total assets at a CAGR of 15% to ₹3.2 trillion in FY24.
The CEO aims to beat its immediate three competitors by FY28. However, the management clarified that the goal is not in terms of the overall size of the bank.
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