RBI clears appointment of Praveen A Kutty as MD of DCB Bank

RBI clears appointment of Praveen A Kutty as MD of DCB Bank

Daily Current Affairs   /   RBI clears appointment of Praveen A Kutty as MD of DCB Bank

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Category : Appointment/Resignation Published on: January 24 2024

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  • Praveen Achuthan Kutty receives approval as the Managing Director and CEO of DCB Bank by the Reserve Bank of India (RBI).
  • The appointment is confirmed, and Kutty's tenure is set to begin on April 29, 2024, for a period of three years.
  • Kutty has over 32 years of experience in Retail and SME banking, with 16 years in leadership at DCB Bank.
  • His responsibilities at DCB Bank include overseeing Retail, SME, and Agri Banking.
  • Kutty's prior experience at Citibank, including a leadership role in New York, adds to his seasoned background.
  • The appointment will take place after the end of Murali Natarajan's term as MD and CEO on April 28, 2024.
  • DCB Bank will adhere to regulatory norms by promptly submitting the necessary application to the RBI.
  • Murali Natrajan, who served as MD & CEO since May 2009, had previous roles at Standard Chartered and Citibank.
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