DCB Bank Appoints Three Senior Executives, Reappoints MD & CEO and Independent Director

DCB Bank Limited appoints Abhijit Bose as Head – Institutional Business, Manoj Joshi as Chief Credit Officer and Shankershan Vasisth as Chief Compliance Officer, effective November 2, 2026. The Bank also reappoints Praveen Kutty as Managing Director & CEO for a term of three years, from April 29, 2027, to April 28, 2030, and Thiyagarajan Kumar as Non-Executive Independent Director for a term of three years, from February 10, 2027, to February 9, 2030. Jayaram Vishwanath will cease to be Head – Institutional Business and Senior Management Personnel of the Bank.

Bose has over 32 years of experience in the banking and financial services sector. He has managed sales and distribution, products, credit risk management and audit in markets such as India, Asia Pacific, the Middle East and Africa. Previously, he was with Standard Chartered Bank, where his last position was Risk Head – Consumer Banking for Southern African markets. Before that, he worked at Citibank N.A. and GIC Housing Finance Ltd. He joined DCB Bank in June 2008. Since then, he has been responsible for retail assets lending, secured credit cards, payment products, the securitisation desk and collections. He was also responsible for forging strategic alliances with business partners and fintech start-ups across all verticals and products of the Bank. Since April 2017, he has served as Chief Credit Officer and is responsible for spearheading the credit risk management framework. His expertise in credit life cycle management helps the Bank to drive efficient credit processes and build a healthy advances portfolio, complementing the Bank’s growth agenda.

In a career spanning two decades at DCB Bank, Joshi has contributed to the growth and progress of the organisation in various roles. His acumen for banking and finance was honed through responsibilities in corporate banking and SME, and as Business Head for Trade Finance. He was also instrumental in setting up the SME vertical in the Bank and launching DCB Remit, a digital platform to send money abroad. Prior to DCB Bank, he worked with ICICI Bank in Jamshedpur, Pune and Chennai. The initial years of his career were spent with manufacturing companies, namely Uniworth Group and, thereafter, Epcos Ferrites Limited. In these roles, he was responsible for finance and banking. Joshi has completed his B.Com, Post Graduate Diploma in Business Management (Finance) and the Certified Associate of the Indian Institute of Bankers (CAIIB) examination. He has also completed a certificate course conducted by the Indian Institute of Banking and Finance (IIBF) in SME banking, trade finance, and Know Your Customer and Anti-Money Laundering.

Vasisth is a banking professional with over 23 years of experience across credit underwriting, credit monitoring, risk management, portfolio management, special situations and business banking. During his tenure with DCB Bank, he has held several senior roles, including Head – Corporate Credit & Credit Monitoring, Head – Portfolio, Special Accounts, Head – Portfolio, SME & MSME, and Head – Product & Strategy, SME & MSME. In his previous role, he was responsible for corporate credit underwriting and monitoring, representation of credit proposals before the Credit Committee of the Board, review of the Bank’s credit and credit-monitoring policies, regulatory/audit-related engagements, stressed-asset management and oversight of credit processes. Before joining DCB Bank, he held senior credit and business banking roles with Fullerton India Credit Company Limited and ICICI Bank Limited, gaining experience across SME and corporate credit, portfolio management, credit structuring, customer acquisition and regional credit management. He holds a PGDM in Finance from T. A. Pai Management Institute (TAPMI) and a Master’s degree in Business Law from the University of Lucknow. He has also completed CAIIB with specialisation in Risk Management.

Kumar is an Independent Director of the Bank. He is a business leader with over 37 years of experience with Unilever and the Times Group in finance, commercial, governance and audit/assurance functions. He worked in various capacities, including General Manager – Finance and Audit Director, with Unilever from October 1986 to September 2008, and was Director, Management Assurance Services, at the Times Group from October 2008 to March 2023. He is a member of the Governing Council of Loyola Institute of Business Administration (LIBA), Chennai; Secretary of the Loyola Alumni Association, Delhi; and a member of the General Committee of the Loyola Alumni Association, Chennai. He is also a past president of the Institute of Internal Auditors, India. He is a B.Com, an Associate of the Institute of Chartered Accountants of India (ICAI) and an Associate of the Institute of Cost and Works Accountants of India, and has completed a postgraduate diploma in Management Accountancy from ICAI. He is a director of Sakthi Kumaran Charitable Foundation.

Kutty has been serving as the Managing Director & CEO of DCB Bank Limited since April 29, 2024. He has over 35 years of banking experience. He has been associated with the Bank in various capacities since 2007, heading Retail Banking, Agri Banking and SME Banking. Before joining the Bank, he worked with Citibank in India and North America, where he successfully managed multiple consumer banking businesses, including credit cards, personal loans, home loans, branch banking, wealth management and NRI banking. He holds a B.Com and an MBA. He does not hold a directorship in any other company or body corporate.