The Reserve Bank of India (RBI) has approved the appointment of Praveen Kutty as the CEO of DCB Bank for a period of three years with effect from April 29, the bank said in a notice to the stock exchanges.
The bank’s board will meet soon to approve Kutty’s appointment following which shareholder approval will also be obtained, DCB Bank said.
Kutty replaces Murali Natrajan who completes 15 years as the bank’s CEO at the end of April, which is the maximum limit for the position according to RBI norms.
