DCB Bank has approved the appointment of Mr. Pushan Mahapatra (DIN: 07307428) as an Additional and Non-Executive (Independent) Director for three years, effective March 10, 2026. Furthermore, the Board has recommended his candidature to the RBI for the position of Non-Executive Part Time Chairman. Mr. Mahapatra brings over 40 years of banking experience, including significant leadership roles at the SBI group.
Board Approves Key Appointments
At a Board of Directors meeting held on March 09, 2026, DCB Bank announced the approval of two significant changes concerning Mr. Pushan Mahapatra (DIN: 07307428).
- Appointment as an Additional and Non-Executive (Independent) Director for a period of three (3) years, commencing on March 10, 2026. This appointment is subject to subsequent shareholder approval.
- The Board also recommended Mr. Mahapatra’s candidature to the Reserve Bank of India (RBI) for appointment as the Non-Executive Part Time Chairman of the Bank.
Profile of Mr. Pushan Mahapatra
Mr. Mahapatra is a seasoned career banker with over 40 years of experience, dedicating 35 years to the SBI group. His expertise spans Retail & Corporate Banking, Technology, Compliance, and Audit.
Key career highlights include:
- Serving over four years as Vice President (Systems & Internal Audit) at SBI’s Hong Kong Branch.
- Heading SBI General Insurance Co. Ltd. as the MD&CEO for nearly 5 years, successfully scaling the company into a leading Private sector General Insurance player.
- Currently serving as a Non-Executive Director with Zurich Kotak General Insurance Co. (India) Ltd since June 2024 following his superannuation from Zurich Insurance Group.
- He also holds the position of an Independent Director on the Board of Angel One Trustee Limited.
The Bank confirmed that Mr. Mahapatra is not debarred from holding directorial office by any regulatory authority and has no existing relationship with any current director of the Bank.
Source: BSE
