The Board of Federal Bank has announced the re-appointment of Mr. Harsh Dugar as Executive Director for a tenure of three (3) years, effective from June 23, 2026. This move follows necessary regulatory approval. Mr. Dugar, who joined in 2016 after a long career at HDFC Bank, holds extensive expertise in corporate banking. His reappointment is subject to shareholder approval at the next General Meeting.
Executive Director Re-appointment Confirmed
Federal Bank has formally informed the stock exchanges regarding the re-appointment of Mr. Harsh Dugar to the position of Executive Director on the Board of the Bank. This decision was initially recommended by the Board and has subsequently received necessary approval from the Reserve Bank of India (RBI) via a letter dated March 30, 2026.
Term and Effective Date
The re-appointment is sanctioned for a full period of three (3) years. This term is set to commence on June 23, 2026. It is important to note that this re-appointment remains contingent upon the final approval of the Bank’s shareholders, which must be secured either at the forthcoming General Meeting or within 3 months of the announcement, whichever occurs sooner.
Profile and Experience of Mr. Dugar
Mr. Harsh Dugar (DIN: 00832748) has been actively serving as an Executive Director of Federal Bank since 2023. Prior to this role, he brought a distinguished 20-year career in corporate banking, primarily with HDFC Bank, where he developed expertise across various banking verticals and geographies. Academically, Mr. Dugar is highly accomplished, holding a bachelor’s degree with Honors in Accounting & Finance from the University of Calcutta, where he was the University Topper. Furthermore, he is a qualified CWA (securing an All-India Rank and a gold medal) and also holds a gold medal in CFA(ICFAI). In the initial stages of his career, he also engaged with academia as a part-time faculty member at ICFAI Business School, Kolkata.
Related Party Disclosure
The Bank confirms that Mr. Harsh Dugar is not related to any other Director currently serving on the Board of Federal Bank.
Source: BSE
