Development Credit Bank (DCB) Limited, a renowned commercial bank in India, has officially named Praveen Achuthan Kutty as Managing Director & Chief Executive Officer (CEO) for a three-year term beginning April 29, 2024.
The Reserve Bank of India (RBI) officially approved the nomination of Praveen Achuthan Kutty as the MD & CEO of the Bank.
Murali M Natrajan, the present MD and CEO, will step down from his position on April 28, 2024, and Praveen will take over the next day. Natrajan, who has been with the bank for over 15 years, told the bank of his decision to step down in June 2023. The bank then organised a selection committee to find his replacement. Before Natrajan’s term expired, the committee submitted the names of the recommended successors to the RBI, and Praveen has now been approved as the successor to this position.
In April 2021, DCB Bank gained approval from the Reserve Bank of India (RBI) to re-appoint Murali M. Natrajan as Managing Director & CEO for another year, beginning April 29, 2021.
Praveen brings over 32 years of industry expertise. Currently, he is in charge of the bank’s retail, SME, and agricultural banking operations. He joined the bank in 2007 as Executive Vice President and Head of Consumer Banking, working closely with Natrajan, the current MD and CEO, and the leadership team.
Praveen formerly worked at Citibank for nearly seven years, first as Area Director of NRI Business and then as Head of Portfolio Management for Citibank Credit Cards in Chennai. His primary skills are retail banking management, portfolio management, credit risk, asset management, commercial banking, risk management, cross-selling, and relationship management. On the academic front, he has an MBA from BIT Tiruchirapalli.
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