# DCB Bank Board Reappoints Praveen Kutty as MD and CEO Through April 2030

> DCB Bank's board approved reappointing Praveen Kutty as MD and CEO for a three-year term from April 29, 2027, subject to RBI and shareholder approval.

- Published: 2026-10-23T13:13:38+00:00
- Section: Leadership
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-23/dcb-bank-reappoints-praveen-kutty-ceo
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/dcb-bank-re-appoints-praveen-kutty-md-ceo-three-years/54304413)

## Key takeaways

- DCB Bank's board approved reappointing Praveen Kutty as Managing Director and CEO for a three-year term from April 29, 2027, to April 28, 2030.
- The reappointment is subject to approval from the Reserve Bank of India and the bank's shareholders.
- Kutty has served as Managing Director and CEO since April 29, 2024, and has over 35 years of banking experience.

[DCB](https://akta.pro/company-profiles/00035cp/dcb-bank) Bank's board approved the reappointment of Praveen Kutty as Managing Director and Chief Executive Officer for a three-year term beginning April 29, 2027, and ending April 28, 2030. The decision was taken on October 23, 2026, following a recommendation from the Nomination and Remuneration Committee, [ScanX](https://scanx.trade/stock-market-news/companies/dcb-bank-re-appoints-praveen-kutty-md-ceo-three-years/54304413) reported. The appointment is subject to approval from the Reserve Bank of India and the bank's shareholders.

## DCB Bank Board Approves Kutty's New Term

Kutty has served as Managing Director and CEO since April 29, 2024. His tenure is marked by over 35 years of banking experience, with significant time spent at DCB Bank in various capacities since 2007. During that period, he led key divisions including Retail Banking, Agri Banking, and SME Banking.

Prior to joining DCB Bank, Kutty worked with Citibank India and North America. In those roles, he managed multiple consumer banking businesses, including Credit Cards, Personal Loans, Home Loans, Branch Banking, Wealth Management, and NRI Banking. He holds a Bachelor of Commerce degree and an MBA.

The bank confirmed that Kutty is not debarred from holding office as a director by any SEBI order or other authority. He is not related to any other director or Key Managerial Personnel of the bank. Further disclosures regarding the appointment will be made after the receipt of communication from the RBI. Terms and conditions for the role will be finalized upon receipt of regulatory clearance.

## DCB Bank's Capital and Deposit Records

DCB Bank's akta.pro [company records](https://akta.pro/company-data) show a board-approved capital raise plan of up to Rs 2,000 crore, comprising a Rs 1,500 crore Qualified Institutions Placement and Rs 500 crore of Basel III-compliant Tier II bonds to fund balance sheet expansion. The same records list deposits of Rs 72,583 crore as of Q4 FY26, with deposits growing 20.91% year on year, and total business crossing Rs 1,24,000 crore in Q3 FY26.

## Earlier DCB Bank Leadership Changes

DCB Bank approved a reorganization of its senior management following the resignation of Jayaram Vishwanath, who served as Head of Corporate Banking, Construction Finance and SME, ScanX reported in October 2026. Vishwanath tendered his resignation on September 7, 2026, citing an opportunity to explore options outside the bank, with his last working day scheduled for the close of business hours on November 10, 2026.

Abhijit Bose moved from Chief Credit Officer to Head - Institutional Business, Manoj Joshi shifted from Chief Compliance Officer to Chief Credit Officer, and Shankershan Vasisth was elevated to Chief Compliance Officer for a three-year term from November 2, 2026, to November 1, 2029. All new appointments were effective November 2, 2026.

## Companies in this story

- [DCB BANK company profile](https://akta.pro/company-profiles/00035cp/dcb-bank) · website: https://www.dcbbank.com

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