| Shyam Srinivasan | |
| Birth Date: | 1962 2, df=yes |
| Birth Place: | Trivandrum, Kerala, India |
| Nationality: | Indian |
| Occupation: | MD & CEO of The Federal Bank Ltd |
Shyam Srinivasan (born 2 February 1962) took charge as the Managing Director & Chief Executive Officer of The Federal Bank Ltd, a major private commercial bank in India, on 23 September 2010.[1] [2] [3]
He has spent over 20 years with leading multinational banks in India, the Middle East and South East Asia, working primarily in retail lending, cards, wealth management and SME banking. Previously he has worked at WIPRO, Citi Bank and Standard Chartered, where he has also served on the Global Executive Forum (the top 100 executives) of Standard Chartered Bank from 2004 to 2010.Since joining Federal Bank in 2010, he has successfully transformed it from a regional entity into a national brand.
During his tenure at Federal bank, the bank has gained material share both in Markets and minds, positioning it as a prominent player in the Indian banking industry. Under his leadership, the bank made significant strides in digitization, network expansion, and enhanced underwriting architecture, among other areas. Notably, during his tenure, the bank reduced the average age of its workforce from the 40s to the 30s and improved employee diversity, with women now comprising 43% of the workforce. This achievement positions the bank as one of the largest employers of women, by percentage, in the country.
Shyam Srinivasan completed his Bachelor of Engineering (B.E.) degree from Regional Engineering College, Tiruchirappalli (now known as National Institute of Technology, Tiruchirappalli) and his PGDM from Indian Institute of Management, Calcutta. He has also participated in a Leadership Development Program at the London Business School.[4]
Shyam Srinivasan joined Citi bank in its early years in the 90's and has worked in numerous roles until leaving the organization in August 2010 as the VP & Chief Operating officer of the consumer banking wing.
He served in various capacities at Standard Chartered Bank from 2001- 2010, culminating in his role as Country Head of Consumer Banking.
When Mr. Srinivasan joined Federal Bank, it was a small regional institution with limited presence outside Kerala. Through his leadership and strategic initiatives, the bank has grown into the 10th largest in India by market capitalization as of July 2024. Under his tenure, the bank has undergone significant transformation, driven by substantial investments in technology, the verticalization of businesses, and the establishment of strong governance structures. Additionally, the deepening of distribution channels, strengthening of control functions such as risk, audit, and compliance, and the separation of origination, underwriting, monitoring, and recovery processes have all contributed to the bank's remarkable growth and national prominence over the past decade.
Under Shyam Srinivasan's leadership, Federal Bank significantly enhanced its Corporate Social Responsibility (CSR) initiatives across various sectors. Key programs include the Federal Skill Academy, aimed at upskilling underprivileged individuals to improve their employability, and "Speak For India," a platform designed to empower young thinkers. Additionally, the bank supported a women-led, pan-India motorbike expedition to challenge gender stereotypes, launched initiatives to assist communities during the COVID-19 pandemic, and organized 'Sanjeevani,' India’s largest vaccination awareness drive, in partnership with Network 18.
Shyam Srinivasan's tenure as Managing Director and CEO of Federal Bank is set to conclude on September 23, 2024. He will be succeeded by KVS Manian, the former Joint Managing Director of Kotak Mahindra Bank.
Shri Shyam Srinivasan has been conferred upon the following awards and recognitions in the recent past: