Federal Bank has announced a key leadership change in its finance function, with the Board approving the appointment of Manikandan M as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The decision was taken at the Board meeting held on April 29, 2026, and will come into effect from May 1, 2026.
As part of the transition, Venkatraman Venkateswaran will step down from the role of CFO at the close of business hours on April 30, 2026. He will, however, continue in his role as Executive Director of the bank, ensuring continuity at the senior leadership level.
Manikandan M, who currently serves as Deputy Vice President-II and Head of Financial Reporting at the bank, will take over the CFO position and report directly to Venkatraman Venkateswaran. His appointment also includes designation as Key Managerial Personnel and Senior Management Personnel in line with regulatory requirements.
A Fellow Member of the Institute of Chartered Accountants of India, an Associate Member of the Institute of Company Secretaries of India, and a licensed Certified Public Accountant (USA), Manikandan M brings over 12 years of post-qualification experience in the banking sector. He has been associated with Federal Bank since October 2013 and has built extensive expertise across financial reporting, taxation, regulatory compliance, strategic planning, and capital management.
At 35 years of age, he has already established a strong track record within the organisation. He currently heads the Financial Reporting function and has played a significant role in key capital-raising initiatives, including Qualified Institutional Placements, preferential allotments, and debt issuances. His contributions have also helped the bank earn recognition such as the ICAI Awards for Excellence in Financial Reporting and the SAFA Certificate of Merit.
Academically, he is a gold medalist in Bachelor of Commerce and has completed a Strategic Leadership Development Programme from the Indian Institute of Management Bangalore. In 2025, he was also recognised with ICAI’s “40 under 40: CA Business Leader” award, highlighting his contributions to the banking sector.