Federal Bank’s executive director, Shalini Warrier, has handed in her resignation, marking the end of a long stint with the private sector lender.
The bank’s board has informed SEBI that her resignation has been accepted, and she is likely to step down from her post between May 15 and May 30.
According to her resignation letter, Shalini Warrier seems to be gearing up for a shift into the entrepreneurial space, though no specific plans have been detailed.
She has been part of Federal Bank for over nine years, having joined the executive board in January 2020. Before that, she held the role of chief operating officer, handling key responsibilities in retail banking as well.
Warrier comes with over 30 years of experience in the banking sector. At Federal Bank, she was part of several modernisation efforts and also took on additional roles in customer-facing operations.
She is a member of the Institute of Chartered Accountants of India and notably topped the 1989 batch. Before joining Federal Bank, she held leadership roles at Standard Chartered Bank in Brunei, including that of CEO and Head of Consumer Banking.
While the exact nature of her entrepreneurial plans remains unclear, her resignation hints at a desire to explore new avenues outside the traditional banking space. Federal Bank has not yet announced a replacement.
