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Option 4 : Both 1 and 2
The correct answer is Sankarshan Basu and Ramanand Mundkur.
- Federal Bank board has appointed Sankarshan Basu and Ramanand Mundkur as its additional non‑executive independent Directors.
- With the new appointment, the private sector lender now has a 12 member board.
- On 24 September 2021, the bank’s director K Balakrishnan had retired as independent Director after completing a 3-year term.
- Ramanand has earlier worked with International Monetary Fund.
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