Federal Bank: RBI Approves Re-appointment of Harsh Dugar as Executive Director
The Federal Bank's Executive Director, Mr. Harsh Dugar, has been re-appointed for a three-year term starting June 23, 2026. The RBI approved the re-appointment, which is subject to shareholder approval. Mr. Dugar brings extensive corporate banking experience.
The re-appointment of an Executive Director is an important governance event for the bank, ensuring continuity in its leadership and strategic direction. However, it does not immediately impact the bank's financial performance or operations.
The re-appointment of a key executive like an Executive Director is generally viewed positively as it indicates stability and continuity in leadership.
The Federal Bank Limited announced the re-appointment of Mr. Harsh Dugar as Executive Director on its Board. The Reserve Bank of India (RBI) has approved this re-appointment, vide its letter DoR.GOV.No.9538/08.38.001/2025-26 dated March 30, 2026.
Mr. Dugar will serve for a period of three (3) years commencing from June 23, 2026. This re-appointment is contingent upon the approval of the bank's shareholders, which is expected to be sought at the next General Meeting or within three months, whichever occurs earlier. Mr. Dugar is not disqualified from holding a directorial position by any regulatory authority.
Mr. Harsh Dugar, holding DIN: 00832748, has been an Executive Director at The Federal Bank since 2023. His career includes a distinguished 20-year tenure in corporate banking at HDFC Bank, commencing in 2016. He possesses significant expertise in corporate banking across diverse sectors and regions. Academically, he holds a bachelor's degree with Honors in Accounting & Finance from the University of Calcutta, where he was the University Topper. He is also a qualified CWA with an All-India Rank and a gold medalist in CFA(ICFAI). Earlier in his career, he served as a part-time faculty member at ICFAI Business School, Kolkata.
Mr. Harsh Dugar is not related to any other Director on the Board of the Bank. The detailed profile and disclosures are provided in Annexure A.
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