DCB Bank Limited has informed the Exchange regarding Appointment of Mr. Pushan Mahapatra as Additional & Non-Executive (Independent) Director of the Bank w.e.f. March 10, 2026.
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DCB Bank has appointed Mr. Pushan Mahapatra (DIN: 07307428) as an Additional & Non-Executive Independent Director on its Board for a period of three years, effective March 10, 2026, subject to shareholder approval. The Board has also recommended his candidature for the position of Non-Executive Part Time Chairman of the Bank, for which an application will be made to the RBI. Mr. Mahapatra is a career banker with over 40 years of experience, including 35 years with the SBI group, and was formerly MD & CEO of SBI General Insurance for nearly 5 years. He is currently serving as a Non-Executive Director with Zurich Kotak General Insurance (India) Ltd since June 2024.
This is a positive governance development, bringing a highly experienced banking and insurance veteran onto the board and potentially as Part-Time Chairman, which could strengthen strategic oversight and reassure investors about leadership continuity at DCB Bank.