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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