Federal Bank appoints Virat Sunil Diwanji as National Head - Consumer Banking

Federal Bank is pleased to announce the appointment of Virat Sunil Diwanji as the National Head - Consumer Banking and a Senior Management Personnel of the Bank, effective April 10, 2025.

Mr. Diwanji brings over 30 years of extensive experience in Consumer Banking to Federal Bank. Prior to joining Federal Bank, he served as Group President and Head of Consumer Bank at Kotak Mahindra Bank. His illustrious career also includes significant roles at Ford Credit and A F Fergusion & Co. Additionally, Mr. Diwanji serves on the Board of several companies as a Non-Executive Director/Independent Director. He holds a Master's degree in Business Administration and a Bachelor's degree in Mechanical Engineering.

Mr. Diwanji's vast experience and proven track record in the banking sector is expected to bolster Federal Bank's scale and growth ambitions into new markets - geographies and segments, and businesses.

Shares of The Federal Bank Limited was last trading in BSE at Rs. 190.00 as compared to the previous close of Rs. 190.50. The total number of shares traded during the day was 105882 in over 17219 trades.

The stock hit an intraday high of Rs. 192.00 and intraday low of 186.80. The net turnover during the day was Rs. 20054081.00.

Source : Equity Bulls

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TheFederalBank INE171A01029 Appointment NationalHead ConsumerBanking