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Shyam Srinivasan gets 1-year term

The Reserve Bank of India has approved the re-appointment of Shyam Srinivasan as the MD and CEO of Federal Bank for another year. Srinivasan will now have a full 10 years at the helm of the bank. The re-appointment is with effect from 23 September. The board of the bank had proposed a 3-year term for him, but the RBI had allowed only 1 year. Srinivasan, 57, took charge as the MD and CEO of the bank on 23 September 2010.

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