DCB Bank Appoints Pushan Mahapatra as Additional Director, Recommends for Chairman Role
DCB Bank appointed Pushan Mahapatra as Additional Non-Executive Independent Director from March 10, 2026, for three years. The Board also recommended him for Non-Executive Part-Time Chairman, pending RBI approval. Mahapatra has over 40 years of banking experience.
The appointment of a new director and the recommendation for a key leadership position like Chairman can have a significant impact on the bank's governance and strategic decisions.
The appointment of an experienced director and recommendation for Chairman is a positive development for the bank's leadership and strategic direction.
DCB Bank Limited announced the appointment of Mr. Pushan Mahapatra (DIN: 07307428) as an Additional and Non-Executive (Independent) Director on its Board. This appointment, effective March 10, 2026, is for a period of three years, subject to shareholder approval.
The Board of Directors, acting on the recommendation of the Nomination and Remuneration Committee, made this decision at a meeting held on March 09, 2026. The bank will seek shareholder approval for this appointment in compliance with the Companies Act, 2013, and SEBI Listing Regulations.
Furthermore, the Board has recommended Mr. Mahapatra for the position of Non-Executive Part-Time Chairman of the Bank and will make a necessary application to the Reserve Bank of India (RBI) for its approval.
Mr. Mahapatra brings over 40 years of banking experience, with 35 years in the SBI group, holding senior leadership roles in Retail & Corporate Banking, Technology, Compliance & Audit. He previously served as Vice President at SBI's Hong Kong Branch and as MD & CEO of SBI General Insurance Co. Ltd. Currently, he is a Non-Executive Director with Zurich Kotak General Insurance Co. (India) Ltd. since June 2024 and an Independent Director on the Board of Angel One Trustee Limited. Mr. Mahapatra is not debarred from holding a director's office and is not related to any existing director of the bank.
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DCB Bank Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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