Federal Bank board has set up a search committee for evaluating internal or external candidates for the position and the names will be sent to the RBI in the next 2-3 weeks.
Shares of Federal Bank surged more than 4.76 per cent to Rs 170.25, hitting its new 52-week high and commanding a total market capitalization of more than 41,000 crore.
Options ahead of KVS Manian - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.