Federal Bank has announced the appointment of Mr. Manikandan M as the new Chief Financial Officer and Key Managerial Personnel. He will step into the role on May 1, 2026. Mr. Manikandan, currently the Head of Financial Reporting, brings extensive expertise in banking and finance to the leadership team. He succeeds Mr. Venkatraman Venkateswaran, who will continue his tenure at the Bank serving as an Executive Director.
Leadership Transition
Federal Bank’s Board of Directors has officially appointed Mr. Manikandan M as the Chief Financial Officer (CFO). His appointment is effective starting May 1, 2026. He moves into this position from his current role as the Bank’s Head of Financial Reporting, where he has been a key figure since October 2013.
Background and Expertise
At 35 years old, Mr. Manikandan is a seasoned professional holding credentials as a Fellow Member of the Institute of Chartered Accountants of India, an Associate Member of the Institute of Company Secretaries of India, and a licensed Certified Public Accountant (USA). With over 12 years of experience in the banking sector, his career is marked by expertise in financial reporting, capital management, and regulatory compliance. He is also a Gold Medalist in Bachelor of Commerce and a recipient of the ICAI’s 40 under 40: CA Business Leader award for 2025.
Strategic Continuity
Mr. Manikandan replaces Mr. Venkatraman Venkateswaran, who will step down from the CFO role at the close of business on April 30, 2026. Mr. Venkateswaran will remain with the organization as an Executive Director. The Bank emphasized that the new appointment is intended to support continued stability and growth within its finance function, leveraging Mr. Manikandan’s proven track record in major capital raising and financial excellence initiatives.
Source: BSE
