Federal Bank - RBI's Approval For Shyam Srinivasan's Re-Appointment Addresses Key Overhang: Motilal Oswal
Federal Bank Vashi branch. (Source: BloombergQuint)  

Federal Bank - RBI's Approval For Shyam Srinivasan's Re-Appointment Addresses Key Overhang: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

The Reserve Bank of India has approved the re-appointment of Shyam Srinivasan as Managing Director and Chief Executive Officer for a period of three years, starting from Sept. 23, 2021 till Sept. 22, 2024.

We see this as a positive development as it addresses a key overhang on the management continuity.

Moreover the approval for three years has come at a time when the street was expecting RBI to grant only a one-year extension.

On the asset quality front, the initial impact of Covid-19 was in check as the bank has no big ticket accounts (over Rs 1 billion) in its watch list.

Click on the attachment to read the full report:

Motilal Oswal Federal Bank Company Update.pdf

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