Fedbank Financial Services Limited — Others, 24-01-2025: Change in Director(s)

Fedbank Financial Services has announced a board meeting and approved the unaudited financial results for the third quarter ended December 31, 2024. The company reported a total revenue from operations of ₹533.05 crore and a net profit of ₹18.76 crore for the quarter. The appointment of Mr. Muralidharan Rajamani as an additional independent director for a five-year term effective January 24, 2025, has also been approved. The management has accepted the resignation of Mr. Ramchandar Ragavendran, Chief Business Officer, effective March 28, 2025, and Mr. Kunnath Sureshkumar will oversee the Business Loans function moving forward. The overall sentiment remains cautiously optimistic with potential leadership stability amidst management changes.