Shyam Srinivasan
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Shyam Srinivasan | |
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 Indian Banker and Former MD & CEO of Federal Bank | |
| Born | 2 February 1962 Trivandrum, Kerala, India |
| Nationality | Indian |
| Education |
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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 20 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) of Standard Chartered Bank from 2004 to 2010.[5]
Citi Bank
[edit]Shyam Srinivasan joined Citi bank in its early years in the 90's and has worked in numerous roles until leaving the organization in August 2001 as the VP & Chief Operating officer of the consumer banking wing.
Standard Chartered
[edit]He served in various capacities at Standard Chartered Bank from 2001- 2010, culminating in his role as Country Head of Consumer Banking.
Federal Bank (2010–2024)
[edit]Shyam Srinivasan was appointed the Managing Director and CEO of Federal Bank on September 23, 2010, at a time when the bank had a predominantly regional presence, rooted deeply 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. This marked the beginning of an ambitious transformation aimed at positioning Federal Bank as a national player with a strong technological backbone.
Under Shyam Srinivasan's leadership, Federal Bank significantly enhanced its Corporate Social Responsibility (CSR) initiatives across various sectors. Key programs include 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 made significant strides in digitization, network expansion, and enhanced underwriting architecture, among other areas. Notably, 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. This achievement positions the bank as one of the largest employers of women, by percentage, in the country.
Board Positions and Affiliations
[edit]- Non-Executive Director at Fedbank Financial Services and Ageas Federal Life Insurance.
- Management Committee Member of the Indian Banks' Association (IBA) from 2018 to 2023. [6]
- Chairman of the Digital Payments Committee of IBA in 2020-2021. [7]
- FICCI Banking Committee Chair in 2021-2022.
- Board Member of the Federal Bank Hormis Memorial Foundation, which provides scholarships to over 1000 underprivileged students annually.
Awards and honors
[edit]- Business Standard Banker of the Year 2020[8]
- India's top 50 Best Leaders in times of Crises 2021 by the Great Place to Work Institute
- Best Banker of the Year 2020 by the State Forum of Bankers Clubs (SFBC), Kerala
- The Greatest Corporate Leaders Of India Award given by the World HRD Congress
- Exemplary Leadership Award from the Rotary Club
- Rashtriya Udyog Ratna Award instituted by the NEHRDO
- Distinguished Alumnus Award 2017 of IIM Calcutta
- Recipient of Distinguished Alumnus Award of NIT, Trichy
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.com. Retrieved 27 March 2017.
- ^ https://etunwired.et-edge.com/virtual/indialeadersconclave/shyam-srinivasan-2[permanent dead link]
- ^ "Top Private Banks in India | Federal Bank | Online Banking Services". www.federalbank.co.in.
- ^ "Top Private Banks in India | Federal Bank | Online Banking Services". www.federalbank.co.in.
- ^ "Federal Bank's Shyam Srinivasan is Business Standard Banker of the Year". Business Standard. 21 January 2021.