94th Annual General Meeting of Federal Bank
94th Annual General Meeting of Federal Bank |
| [01-September-2025] |
MUMBAI, India, Sept. 1, 2025 /PRNewswire/ -- The Ninety Fourth Annual General Meeting of the shareholders of Federal Bank was conducted over video conferencing on 29th August 2025. The meeting was presided over by Bank's Chairman A P Hota and joined by MD & CEO K V S Manian, other Directors, Shareholders, Senior Executives, representatives of Statutory and Secretarial Auditors of the Bank. In the meeting, all the resolutions were approved by the shareholders including the adoption of the Standalone and Consolidated Financial Statements for the year ended March 31, 2025, along with the declaration of a final dividend of ₹1.20 per equity share for FY 2024-25. It covered the re-appointment of Harsh Dugar, Executive Director, who retires by rotation, and the appointment of Venkatraman Venkateswaran as Executive Director, the appointment of M/s. SEP & Associates as Secretarial Auditors for a five-year term and the re-appointment of Varsha Purandare as Independent Director for a second term. In addition, shareholders considered the raising of funds through bonds, including AT1, Tier II, and ESG bonds, up to ₹6,000 crore, as well as the raising of Tier-1 Capital through securities issuance up to ₹8,000 crore. The agenda for the Employee Stock Option Scheme (ESOS 2025) and the Employee Stock Incentive Scheme (ESIS 2025) that formed part of the AGM notice dated July 30, 2025, were also approved. While addressing the shareholders, the Bank's Chairman A P Hota highlighted that there are 3 core strengths that the Bank takes pride in, primarily its people centric culture, its strength in digital capabilities, and the most robust governance practices of the Bank. The Chairman congratulated the Bank on becoming the 6th largest private Bank in terms of business size while annual profits exceeded ₹4000 Cr and total business volumes crossed the ₹5 Lakh Crore mark. In his first AGM address to all participants, K V S Manian, shared the Bank's sustained effort towards Breakthrough and an emerging version of Federal Bank. He said, "What stretches before us is a horizon of possibilities, dynamic and full of promise. Rarely does one inherit both the solidity of a great legacy and the excitement of unchartered opportunity. It is this unique combination that uplifts me and reminds me that our best chapters are not behind us but waiting to be written." He detailed that the core of this transformation is a framework called "C.O.D.E.S"- Centralise, Optimise, Digitize, Eliminate and Simplify. He further said, "We will celebrate our strengths, confront our gaps and constantly reinvent ourselves to make Federal Bank not just strong, but truly the most admired." At the heart of that project Breakthrough are twelve themes out of which 50 large and over a hundred smaller projects have emerged. The Bank is moving forward with AAA mindset i.e. "Alert" to change, "Agile" in actions, and "Astute" in judgment. About Federal Bank Federal Bank (NSE: FEDERALBNK) is a leading Indian private sector bank with a network of around 1591 banking outlets and 2093 ATMs/Recyclers spread across the country, and the Bank's total business mix (deposits + advances) stood at ₹ 5.29 Lakh Crore as on 30th June 2025. Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines, stood at 16.03 % as on 30th June 2025. Federal Bank has Representative Offices in Dubai and Abu Dhabi that serve as a nerve centre for Non-Resident Indian customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance TecCity (GIFT City). Federal Bank is transforming itself, keeping its principles intact, into an organisation that offers services beyond par. It has a well-defined vision for the future as a guidepost to its progress.
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Company Codes: Bombay:500469,Bombay:FEDERALBNK.BO,India:EQFEDERALBNK,India:FEDERALBNK,India:FEDERALBNK.NS,OTC-BB:FDBAY,OTC-PINK:FDBAY |
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