The Federal Bank Limited announced the appointment of Mr. A P Hota (DIN- 02593219), Independent Director, as Part Time Chairman of the Bank with effect from June 29, 2023, till January 14, 2026. Mr. A.P. Hota has banking experience of over 27 years in Reserve Bank (mostly in technology and payment systems) from 1982 ­ 2009. While at Reserve Bank of India, he served as Nominee Director to the Board of Vijaya Bank and subsequently Andhra Bank.

He was the architect of NPCI and served as its Managing Director (MD) and Chief Executive Officer (CEO) between 2009- 2017. He completed his master's degree in literature from Sambalpur University and is a Honorary Fellow of the Indian Institute of Banking and Finance. Mr. A P Hota was appointed as Independent Director of The Federal Bank Limited w.e.f. January 15, 2018.