Federal Bank Appoints Rajesh Varrier as Independent Director

Federal Bank Ltd has announced the appointment of Mr. Rajesh Varrier (DIN: 00105765) as an Additional Director (Non-Executive Independent Director) on its Board. The appointment, approved by the Board of Directors at a meeting held on October 16, 2026, is effective for a period of three consecutive years. This appointment is based on the recommendations of the Nomination, Remuneration, Ethics and Compensation Committee and is in compliance with the Banking Regulation Act, 1949, and RBI directions. Shareholders' approval will be sought at the next general meeting. Mr. Varrier is not related to any existing directors or key managerial personnel and is not debarred from holding a director's office.