Federal Bank Board Approves Re-appointment, ₹10,000 Cr Fundraise

Federal Bank's Board of Directors, in a meeting held on July 17, 2026, recommended the re-appointment of Mr. Sankarshan Basu as an Independent Director for a second three-year term. The board also approved the borrowing of funds up to ₹10,000 Crores through various debt instruments, subject to shareholder approval. Additionally, the 95th Annual General Meeting is scheduled for August 21, 2026, and the record date for determining eligibility for the final dividend (if declared) and voting rights for the AGM has been set as August 14, 2026. Independent Director Mr. Ramanand Mundkur will not seek re-appointment.