Federal Bank appoints Suresh Kumar as chairman

Kumar, who has been in the bank's board since Nov 2005, will serve as chairman for two years

Federal Bank today said it has appointed Suresh Kumar as the non-executive chairman of the bank.

Kumar, who has been in the bank's board since November 2005, will serve as chairman for two years. He is also the chairman of the lender's non-banking finance arm Fedbank Financial Services and a director in IDBI Federal Life Insurance Company.

Federal Bank also named KM Chandrasekhar as an additional director. Chandrasekhar's term will be for three years.