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Federal Bank said in a filing to BSE that CA Nilesh S Vikamsey has retired as an Independent Director of the Bank on June 23, 2019, upon completing his eight-year term as a Director on the Board of the Bank, in accordance with the regulatory requirements of RBI.
The company has recorded its appreciation for the valuable contributions made by him for the overall development of the Bank and for the deliberations, as Chairman of Board of the Bank, Chairman and Member of the Nomination Remuneration Ethics and Compensation Committee, Audit Committee and as a member of other committees of the Board. The Board also acknowledged his noteworthy contributions in the overall functioning of the Board.