Shyam Srinivasan
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Shyam Srinivasan | |
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| Born | 2 February 1962 Trivandrum, Kerala, India |
| Nationality | India |
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| Alma mater | |
| Spouse | Maya Shyam |
Shyam Srinivasan (born 2 February 1962) is an Indian banker and former Managing Director & Chief Executive Officer of Federal Bank, a major private commercial bank in India.[1][2][3]
Education
[edit]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]
Career
[edit]He has spent over 30 years with 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 was on the Global Executive Forum (the top 100 executives) from 2004 to 2010.[5]
Citi Bank
[edit]Srinivasan joined Citi Bank in its early years in the 1990s and worked in numerous roles until leaving the organisation in August 2001 as the VP & chief operating officer of the consumer banking wing.
Standard Chartered
[edit]He worked in sales, marketing, treasury, operations and consumer lending at Standard Chartered Bank from 2001- 2010, culminating in his role as country head of consumer banking.
Federal Bank (2010–2024)
[edit]Srinivasan was appointed the managing director and CEO of Federal Bank on 23 September 2010,[6] at a time when the bank had a predominantly regional presence, rooted in South India. His immediate priority upon taking the helm was to modernize the bank's infrastructure and expand its reach, both geographically and digitally.
Under Srinivasan's leadership, Federal Bank enhanced its Corporate Social Responsibility (CSR) initiatives across various sectors. This included 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.
Under his tenure, the bank improved digitisation, network expansion and underwriting architecture. 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.
TVS Capital Funds
[edit]On 20 March 2025, Srinivasan joined TVS Capital Funds as a senior advisor and operating partner.
Expert Panel Advisor – ICICI Prudential
[edit]In 2025, Shyam Srinivasan was appointed as an Expert Panel Advisor to ICICI Prudential. He was invited to the panel for his experience in banking and governance, and to provide perspective on financial sector developments and strategic priorities.
Reserve Bank of India
[edit]In October 2025, Shyam Srinivasan was appointed as a member of the Advisory Group on Regulation (AGR), an independent expert body constituted by the Reserve Bank of India (RBI). The AGR supports the newly established Regulatory Review Cell (RRC), which is tasked with conducting systematic reviews of RBI regulations every five to seven years and strengthening stakeholder engagement in the regulatory process. https://m.rbi.org.in//Scripts/BS_PressReleaseDisplay.aspx?prid=61227
Board positions and affiliations
[edit]- Chairman at Fedbank Financial Services (current).
- Board Member of Ageas Federal Life Insurance Company (2014–2024).
- Management Committee Member of the Indian Banks' Association (IBA) (2018 to 2023).[7]
- Chairman of the Digital Payments Committee of IBA (2020–2021).[7]
- FICCI Banking Committee Chair (2021–2022).
- Board Member of the Federal Bank Hormis Memorial Foundation, which provides scholarships to underprivileged students (2010–2024).
- Chairman CII Kerala (2014–2015).
Awards and honors
[edit]- Business Standard Banker of the Year 2020[8]
References
[edit]- ^ "Federal Bank appoints Srinivasan as MD, CEO". The Economic Times. Mumbai. 27 September 2010. Archived from the original on 3 January 2013. Retrieved 5 October 2012.
- ^ Somasroy Chakraborty (31 August 2011). "Q&A: Shyam Srinivasan, MD & CEO, Federal Bank". Business Standard. Mumbai. Retrieved 9 October 2012.
- ^ "Key Personnel". Federal Bank. Retrieved 9 October 2012.
- ^ "Stocks". Bloomberg. Retrieved 27 March 2017.
- ^ https://etunwired.et-edge.com/virtual/indialeadersconclave/shyam-srinivasan-2[permanent dead link]
- ^ Bhan, Shereen (31 August 2024). "'I'd have liked to continue for a few more years,' says outgoing Federal Bank's Shyam Srinivasan - CNBC TV18". CNBCTV18. Retrieved 18 March 2025.
- ^ a b "Top Private Banks in India | Federal Bank | Online Banking Services". federalbank.co.in.
- ^ "Federal Bank's Shyam Srinivasan is Business Standard Banker of the Year". Business Standard. 21 January 2021.