C Balagopal is appointedas the new Chairman of Federal Bank.
Β He is currently serving as director of the Federal bank.
Β He will take charge on November 22, 2021, and go on till June 28, 2023.
Β Former IAS officer, Balagopal shined as an entrepreneur.
Β Post Graduate in Economics from Madras Loyola College, he passed IAS in 1977.
Β He had held various positions in Manipur and Kerala.
Β Balagopal is known for his biomedical company.
Β It used a technology developed by Sri Chithira Thirunal Institute of Medical Science and Technologies.
Β Balagopal is one of the founding directors of Peninsula Polymers and Penpol.
Β Penpol later merged with Terumo and became Terumo Penpol that manufactures blood bags.
Β Balagopal recently sold his entire shares to Terumo Corporation.Β
Β Now, he is a writer and startup investor.
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