DCB Bank's Board of Directors has approved the appointment of Pushan Mahapatra as an Additional and Non-Executive Independent Director, effective March 10, 2026, for a three-year term, subject to shareholder approval.
The Board has also recommended Mahapatra's candidature for the position of Non-Executive Part Time Chairman and authorised the bank to apply to the Reserve Bank of India for approval of this appointment. The bank will seek shareholder approval for his directorship within the prescribed timeframe under the Companies Act, 2013 and SEBI Listing Regulations.
Mahapatra is a career banker with over 40 years of experience, including 35 years with the SBI group. He has held senior leadership roles across Retail & Corporate Banking, Technology, and Internal Audit. He previously served as Managing Director and Chief Executive Officer of SBI General Insurance for nearly five years, where he scaled the company to become one of India's leading private sector general insurance players. Following his superannuation, he joined the Zurich Insurance Group and has served as a Non-Executive Director with Zurich Kotak General Insurance since June 2024. He also serves as an Independent Director on the Board of Angel One Trustee Limited.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.