DCB Bank names Rupa Devi Singh as new chairman

DCB Bank

Private sector lender DCB Bank has named Rupa Devi Singh as its new part time chairman post the retirement of Nasser Munjee from that position.

Singh’s appointment is subject to approval from regulatory authorities like Reserve Bank of India and the shareholders of the Bank.

The lender has informed the BSE that the Board of Directors decided the new appointment during a meeting held on January 14, 2022. The appointment of Rupa Devi was approved by the board as an independent director, as nn-executive (part-time) chairman. Singh’s appointment will be effective from the date of receipt of the RBI approval. Munjee was the chairman of the bank since August 2005.

She has been associated with the bank as a non-executive independent director of the bank from January 22, 2015. She holds more than three decades of experience across commercial banking, project structuring, infrastructure, etc.

Also Read: DCB Bank acquires stake in NBFC Techfino Capital

She was the founding managing director and CEO of Power Exchange India (PXIL). Prior to joining PXIL, she worked with CRISIL as director – Power Practice and subsequently, as director, Corporate & S E Asia at CRISIL.

She started her banking career with the State Bank of India (SBI) and had a long stint of about 26 years during which she worked in various senior positions.

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