Federal Bank Appoints Elias George as Part Time Chairman with Three-Year Term
The Federal Bank Limited has announced the appointment of Mr. Elias George as its Part Time Chairman. The Board received approval for the appointment from the Reserve Bank of India (RBI) vide a letter dated May 22, 2026.Mr. Elias George, holding DIN: 00204510, officially took charge as Part Time Chairman of the Bank with effect from May 23, 2026. His tenure as Part Time Chairman has been approved for a period of three years.
In terms of corporate governance, the Bank confirmed that Mr. Elias George is not related to any other Director or Key Managerial Personnel. Furthermore, the Bank confirmed that he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
Director Profile and Appointment Details
The appointment marks a significant leadership addition to the Bank's management structure. Mr. Elias George previously served as an Independent Director on the Bank's Board for five years, commencing on September 05, 2023.The following table outlines the details of Mr. Elias George's appointment and professional background:
| Detail | Description |
|---|---|
| Name of the Director | Mr Elias George |
| New Role/Reason for Change | Appointment of Mr Elias George (DIN: 00204510) as Part-time Chairman of the Bank. |
| Effective Date & Term | Took charge as Part Time Chairman of the Bank with effect from May 23, 2026, for a period of three years. |
| Educational Background | Bachelor's degree in Technology in Naval Architecture and Ship Building (University of Kochi); Post Graduate Diploma in Public Administration specializing in International Economic Relations (Institute International Administration Publique (IIAP), Paris), along with assorted short-term Management Development courses from institutions including the Harvard Kennedy School of Government. |
| Professional Experience | Mr. Elias George completed his career in the Indian Administrative Service (IAS), serving in various Union Ministries and the State of Kerala. His focus areas included infrastructure creation and financing, and running public utilities. After retiring from the IAS, he served as a senior partner at the consulting firm KPMG, where he headed the vertical handling Infrastructure, Government, and Healthcare, overseeing over 1000 consultants. Prior roles included Additional Chief Secretary to the Government of Kerala, CEO of the Kochi Metro Rail project, and Chairman of the Unified Metropolitan Transport Authority. |
| Relationship Status | Not Applicable (Not related to any other Director or Key Managerial Personnel). |
FEDERALBNK Stock Price Movement
On Friday, The Federal Bank Limited shares edged higher, settling at ₹287.2 after gaining 1.06% for the session. The stock traded through a range on Friday, hitting a low of ₹283.2 and a high of ₹288.4, amid a volume of 6.76 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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