DCB Bank Limited announced the re-appointment of Mr. Praveen Kutty as Managing Director & CEO for an additional three-year term. This decision, effective from April 29, 2027, to April 28, 2030, was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee. The re-appointment is subject to RBI approval and subsequent shareholder consent. Mr. Kutty brings over 35 years of banking experience to the role.
Leadership Continuity at DCB Bank
DCB Bank Limited has announced a significant leadership development with the Board of Directors approving the re-appointment of Mr. Praveen Kutty as the Managing Director & CEO. This strategic decision ensures leadership continuity for the banking institution. The new term is set to commence on April 29, 2027, and will conclude on April 28, 2030, spanning a period of three years. This re-appointment was made upon the recommendation of the Nomination and Remuneration Committee.
Terms and Approvals
The terms and conditions governing Mr. Kutty’s extended tenure will be finalized and are subject to the approval of the Reserve Bank of India (RBI). Furthermore, the re-appointment will require the approval of the bank’s shareholders. Mr. Praveen Kutty, whose DIN is 10329590, is not currently barred from holding a director’s position by any regulatory authority and has no familial ties to other Directors or Key Managerial Personnel within DCB Bank.
Experience and Background
Mr. Kutty brings a wealth of experience to his role, with over 35 years in the banking sector. He has been instrumental at DCB Bank since 2007, previously heading Retail Banking, Agri Banking, and SME Banking. Before joining DCB Bank, he held significant positions at Citibank India and North America, where he successfully managed various consumer banking operations, including credit cards, personal loans, home loans, branch banking, wealth management, and NRI banking. Mr. Kutty holds a B. Com and an MBA degree and does not hold directorships in any other company.
Disclosure and Future Steps
Further details regarding this re-appointment will be communicated once the bank receives official confirmation from the RBI. This announcement is made for the information of all stakeholders and for necessary dissemination.
Source: BSE
