Federal Bank Limited announced that C. Balagopal, Independent Director would be taking charge as Part Time Chairman of the Bank with effect from November 22, 2021 till June 28, 2023, consequent to retirement of Ms. Grace Elizabeth Koshie, Chairperson and Non-Executive Non- Independent Director from the Board of the Bank with effect from end of November 21, 2021 upon completion of her tenure of 8 years on the Board of the Bank, in accordance with the regulatory requirements.