Federal Bank Ltd. announced the appointment of Suresh Kumar as the Non Executive Chairman and Dr. K M Chandrasekhar as an Additional Director. Suresh Kumar's term will be for two years and he has been in the Board of the bank since November 2005. Besides, he is the Non Executive Chairman of the Bank's associate concern, Fedbank Financial Services Ltd. and Director in IDBI Federal Life Insurance Co.

Ltd. Dr. K M Chandrasekhar's term will be for three years. He has been Vice Chairman, Kerala Planning Board and the Former Union Cabinet Secretary.