DCB Bank Limited has released its mandatory disclosure of related party transactions for the half year ended March 31, 2026. The filing provides comprehensive details on various financial dealings, including deposit accounts and interest payments, involving promoters, key managerial personnel (KMP), directors, and their relatives. The report confirms a total transaction value of 151.37 units during the reporting period, adhering to standard regulatory transparency requirements for financial institutions.
Overview of Related Party Transactions
As part of its commitment to corporate transparency, DCB Bank Limited has published a detailed schedule of transactions conducted with related parties for the period covering the second half of the financial year (October 2025 to March 2026). These transactions, involving both institutional promoters and individual KMPs or directors, are primarily related to routine banking services such as deposit maintenance and interest payments.
Key Financial Highlights
The disclosure captures a wide range of engagements, including:
- Promoter Group Transactions: Significant involvement from Platinum Jubilee Investments Limited and Platinum Jubilee Publishers Ltd regarding deposit accounts.
- KMP and Director Engagement: Details regarding deposits and interest payouts for key personnel, including Praveen Achuthan Kutty and Krishnan Sridhar Seshadri.
- Relative Interactions: Disclosures covering deposits and minor service fees involving family members of directors and KMPs.
The total value of transactions during this reporting period is finalized at 151.37. The bank confirms that all fixed deposit acceptances are conducted on terms uniformly acceptable to the public.
Operational Compliance
DCB Bank emphasizes that all interest payments made to KMPs are in strict accordance with the RBI circular dated March 03, 2016. This regulation permits an additional 1% interest per annum over and above the standard rates for staff and specific executive roles, including the Chairman and Managing Director. The bank also accounted for specific forex remittances, ensuring that all individual transactions remained within the prescribed USD 1,00,000 limit per transaction.
Source: BSE
