The Federal Bank Independent Director Ramanand Mundkur retires
The Federal Bank (NSE: FEDERALBNK) said Ramanand Mundkur, Independent Director, has retired. The company is valued at about ₹78,336 crore.
What happened
The Federal Bank (NSE: FEDERALBNK) informed the stock exchanges on 30 September 2026 at 07:07 PM that Ramanand Mundkur, Independent Director, has retired.
From the filing: "His term of appointment was from October 01, 2021 to September 30, 2026."
Company snapshot
The Federal Bank is a mid-cap company in the Financial Services sector, with a market value of about ₹78,336 crore.
The stock last traded at ₹317.4, against a 52-week range of ₹191.6–₹371.7 (14.6% below the high).
Before this filing the shares had moved −5.6% over the month and −1.9% over three months. Average daily turnover over the last 20 sessions was about ₹172 crore.
Promoters held 0.00% at the end of Q1 FY27. Foreign institutions owned 27.71% and domestic institutions 49.28%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 8,315 | 918.3 | 3.74 |
| Q2 FY26 | 8,321 | 991.9 | 4.04 |
| Q3 FY26 | 8,503 | 1,094.1 | 4.45 |
| Q4 FY26 | 9,132 | 1,341 | 5.44 |
| Q1 FY27 | 8,943 | 1,256.1 | 5.09 |
What history shows
BCEIE's records show 1 previous management change filing from the company since May 2026.
Across 300 similar disclosures by other Financial Services companies, shares moved −0.0% on average the next day and −0.1% over five days; 49% of them rose the next day.
Market-wide, 3,833 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- Federal Bank–Jana Small Finance Bank in advanced talks for a share swap deal
- Exclusive | Federal Bank-Jana SFB deal in final stages, may be announced soon - CNBC TV18
- Exclusive | Federal Bank-Jana SFB deal in final stages, may be announced soon
- Federal Bank’s Landmark Q4 Net Profit At Rs12.59 Bn
- TT&A, Linklaters advise Federal Bank on establishment of US$ 500,000,000 MTN Programme
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.