Federal Bank elevates wholesale banking head Harsh Dugar as Executive Director

The Federal Reserve has promoted Head of Wholesale Banking Harsh Duggar to the position of Chief Executive Officer, effective immediately.

The RBI has approved Dugar for a three-year term, effective June 23.

Prior to that, Duggar held the position of Group President and Country Head of Corporate Banking since April 2021. He joined the bank in October 2016 as Regional Head of Corporate and Institutional Banking.

He also has experience in commercial banking, business solutions, government business, commercial vehicles and equipment, small business, rural and agricultural.

Duggar will continue to oversee the Fed’s wholesale banking division.