The appointment is for a period of three years with effect from 29 April 2024, said the bank.

Kutty is a career banker with over 32 years of experience in all aspects of Retail & SME banking. He has been a part of DCB Bank leadership team for the past 16 years during which time he has played a pivotal and key role alongside the current MD & CEO and management team in turnaround and building the bank. At present he manages Retail, SME and Agri Banking.

Prior to joining DCB Bank, he worked in Citibank. His last assignment in Citibank was in New York, as the Head for Non Resident Indian Business, for US & Canada. He holds a B Com and MBA degree.

DCB Bank is engaged in providing banking and financial services. The bank reported 12.9% rise in net profit to Rs 126.79 crore on 28.5% jump in total income to Rs 1,412.95 crore in Q2 FY24 over Q2 FY23.

Shares of DCB Bank declined 1.17% to settle at Rs 151.75 on the BSE.