Federal Bank ED resigns to pursue entrepreneurial opportunities

Federal Bank executive director (ED) Shalini Warrier, has resigned from the Kerala based lender after almost a ten-year stint. The board has accepted her resignation today and she will be relieved from her services on any date between May 15th to May 31st, 2025, the bank said.

In a hand-written letter posted by the bank accompanying the stock market notice, Warrier said she is stepping out of the bank to “pursue a potential entrepreneurial journey.”

“After having served the bank to the best of my ability for more than nine years, I do believe this is an opportune moment for me to step out and pursue a potential entrepreneurial journey,” Warrier said in her letter addressed to Federal bank CEO KVS Manian and the bank’s board.


Warrier is in charge of retail banking, digitisation, technology and operations at the bank. She joined the bank in November 2015, as chief operating officer (COO) in charge digitisation and operations. She took over as head of retail products in May 2019. Warrier was elevated as the bank’s ED in January 2020.

In a stock exchange notice, the bank said Warrier’s resignation was accepted at the board meeting on Friday and the board has decided to relieve her on any date between May 15 to May 31 to be decided by Manian.