Federal Bank Chairman A P Hota Retires After 8 Years on Board
Mumbai: Federal Bank announced the retirement of Mr. A P Hota as Part-Time Chairman and Independent Director, effective today, marking the completion of his 8-year tenure on the bank’s board.
The bank expressed its appreciation for Mr. Hota’s significant contributions in steering corporate governance and strategic initiatives during his tenure.
The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the details have been made publicly available on the bank’s website.
Federal Bank operates under CIN L65191KL1931PLC000368, with its corporate office located at Federal Towers, Bank Junction, Aluva, Kerala.
About Mr. A P Hota:
Mr. A.P. Hota has banking experience of over 27 years in Reserve Bank (mostly in technology and payment systems) from 1982-2009. While at Reserve Bank of India, he served as Nominee Director to the Board of Vijaya Bank and subsequently Andhra Bank.
He was the architect of NPCI and served as its Managing Director (MD) and Chief Executive Officer (CEO) between 2009-2017. He completed his master's degree in literature from Sambalpur University and is a Honorary Fellow of the Indian Institute of Banking and Finance.
Mr. A P Hota was appointed as Independent Director of The Federal Bank Limited w.e.f. January 15, 2018.