Federal Bank has announced the appointment of Elias George as an Additional Director (Independent) on the Board of Directors, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The decision was reached following the recommendations of the Nomination, Remuneration, Ethics and Compensation Committee and was officially approved during the Board of Directors' meeting held on September 5, 2023.
Mr. Elias George will serve as an Independent Director for a period of five years effective from September 05, 2023 subject to approval from Shareholders.
Mr. Elias George has a bachelor's degree of Technology in Naval Architecture and Ship Building, University of Kochi, Post Graduate Diploma in Public Administration with specialization in International Economic Relations from the Institute International Administration Publique (IIAP), Paris and assorted short-term Management Development courses in India and the U.S., including the Harvard Kennedy School of Government. He completed his career in the Indian Administrative Service, serving both in various Union Ministries, as well as in the State of Kerala, focusing particularly on infrastructure creation and financing, and running public utilities. After retiring from the IAS, he served in the consulting firm KPMG as a senior partner, heading their vertical handling Infrastructure, Government, and Healthcare, overseeing the work of more than 1000 consultants. Mr. Elias George was the Additional Chief Secretary to the Government of Kerala, CEO of the Kochi Metro Rail project and Chairman of the Unified Metropolitan Transport Authority.
Shares of The Federal Bank Limited was last trading in BSE at Rs. 143.80 as compared to the previous close of Rs. 144.60. The total number of shares traded during the day was 361657 in over 4467 trades.
The stock hit an intraday high of Rs. 145.55 and intraday low of 142.85. The net turnover during the day was Rs. 52134232.00.