RBI Approves Praveen Achuthan Kutty as DCB Bank MD & CEO
The Reserve Bank of India (RBI) has granted approval for the appointment of Praveen Achuthan Kutty as the Managing Director and Chief Executive Officer (CEO) of DCB Bank. The official confirmation came on January 16, signaling a tenure of three years starting from April 29, 2024, as outlined in the regulatory filing.
Praveen Achuthan Kutty brings a wealth of experience, boasting over 32 years in Retail and SME banking. Having been an integral part of DCB Bank’s leadership for the past 16 years, Kutty currently oversees Retail, SME, and Agri Banking. His earlier professional stint at Citibank, including a leadership role in New York managing the Non-Resident Indian Business for the US & Canada, underscores his seasoned background.
The upcoming appointment follows the conclusion of Murali Natrajan’s term as MD & CEO on April 28, 2024. DCB Bank will adhere to regulatory norms by promptly submitting the necessary application to the RBI. Natrajan, who assumed the role in May 2009, had previously worked with esteemed institutions such as Standard Chartered and Citibank.
In April 2021, DCB Bank secured RBI approval for the one-year re-appointment of Murali M. Natrajan as the Managing Director & CEO. The extension was contingent upon shareholder approval at the ensuing Annual General Meeting, showcasing the bank’s commitment to regulatory compliance.
Who recently received RBI approval as DCB Bank’s MD & CEO for a three-year term from April 29, 2024?
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