Varsha Vasant Purandare Reappointed As Independent Director Of Federal Bank

Varsha Vasant Purandare has been reappointed as an Independent Director of Federal Bank Limited, w.e.f. September 8, 2025.

Purandare has been serving as an Independent Director of the Bank since September 2020. Previously, Purandare was Managing Director and Chief Executive Officer (MD & CEO) of SBI Capital Markets Ltd. Earlier, she held the position of Deputy MD and Chief Credit Officer/Chief Risk Officer of SBI between May 2014 and November 2015. She brings over 36 years of experience across credit, forex, treasury, capital markets, investment banking, small-scale industries, and private equity businesses through her tenure with the State Bank of India (SBI) and SBI Capital Markets Ltd. (SBICAPS), both in India and overseas. She has also served on the Boards and Committees of several businesses of SBI and other institutions.

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