The Board of Directors, at its meeting held on October 23, 2026, approved the re-appointment based on the recommendation of the Nomination and Remuneration Committee. The reappointment is for a period of three years, effective from April 29, 2027 to April 28, 2030 (both days inclusive).
The terms and conditions of the reappointment are subject to approval by the Reserve Bank of India (RBI). Additionally, the reappointment requires subsequent approval from the shareholders of the Bank.
Mr. Praveen Kutty is not debarred from holding the office of director by virtue of any SEBI order or any other authority. He is not related to any other Director or Key Managerial Personnel of the Bank.
According to his profile in Annexure I, Mr. Kutty has been serving as MD & CEO since April 29, 2024. He brings over 35 years of banking experience to the role. He has been associated with DCB Bank since 2007, heading various divisions including Retail Banking, Agri Banking, and SME Banking. Prior to joining DCB Bank, he worked with Citibank India and North America, managing multiple consumer banking businesses including Credit Cards, Personal Loans, Home Loans, Branch Banking, Wealth Management, and NRI Banking.
Mr. Kutty holds a B.Com and an MBA degree. He does not hold any directorships in other companies or body corporates.
The disclosure states that further information will be provided upon receipt of communication from the RBI.
The announcement was signed by Rubi Chaturvedi, Company Secretary & Compliance Officer of DCB Bank Limited.