NEW DELHI: Federal Bank announced that Virat Sunil Diwanji has assumed charge as Executive Director on the Board of the Bank with effect from October 12, 2026. As recommended by the Board of the Bank, the Reserve Bank of India (RBI), vide its letter dated September 28, 2026, had approved his appointment as Executive Director for a period of three years from the date of assuming charge.

Diwanji joined Federal Bank on April 10, 2025 as National Head – Consumer Banking. In this role, he was responsible for the Bank’s Consumer Banking business, encompassing Branch Banking, Retail Liabilities, Retail Assets, Wealth Management, Business Banking, Digital Centre of Excellence, Customer Experience, Service Quality, Recovery and Collections.

Prior to joining Federal Bank, Diwanji spent over three decades with the Kotak Mahindra Group, where he held several senior leadership positions, including Group President & Head – Consumer Bank. He also serves as a Non-Executive Director of Ageas Federal Life Insurance Company Limited.

Diwanji’s elevation to the Board reflects Federal Bank’s continued focus on strengthening its leadership team and building a future-ready organization. His extensive experience in retail and consumer banking, coupled with a strong track record of driving business growth and customer-centric innovation, will further support the Bank’s strategic priorities and long-term growth ambitions.

The Bank remains committed to expanding its presence across geographies, deepening customer relationships, accelerating digital transformation, and delivering sustainable value to all stakeholders under its strengthened leadership team.