DCB Bank Limited Appoints Mr. Pushan Mahapatra as Non-Executive Part-Time Chairman

DCB Bank Limited Appoints Mr. Pushan Mahapatra as Non-Executive Part-Time Chairman​

DCB Bank Limited has appointed Mr. Pushan Mahapatra as its Non-Executive Part-Time Chairman, following approval by the Reserve Bank of India (RBI). The appointment was formalized after the Board of Directors of DCB Bank approved the move on June 12, 2026.

The RBI granted approval for the appointment in a letter dated June 12, 2026. According to the bank's statement, Mr. Mahapatra will serve as the Non-Executive Part-Time Chairman from the date of the RBI communication, which is June 12, 2026, through March 09, 2029.

Mr. Pushan Mahapatra possesses over 40 years of experience in banking. His career includes 35 years spent with the SBI group, where he held senior leadership positions across Retail and Corporate Banking, Technology, Compliance, and Audit.

Profile of Mr. Pushan Mahapatra​

Mr. Mahapatra's extensive background includes significant roles within major financial institutions. He served as Vice President (Systems & Internal Audit) at SBI's Hong Kong Branch for more than four years.

He also headed SBI General Insurance Co. Ltd. as the MD and CEO, where he led efforts to scale the company’s performance, helping establish it as a leading private sector general insurance player in India.

Currently, Mr. Mahapatra serves as a Non-Executive Director at Zurich Kotak General Insurance Co. (India) Ltd, having transitioned from Zurich Insurance Group after superannuation in June 2024. Furthermore, he holds the position of an Independent Director on the Board of Angel One Trustee Limited.

DCBBANK Stock Price Movement​

DCB Bank Limited shares gained 3.91% today, settling in the post-market session at ₹179.86 after climbing by ₹6.77. The stock successfully traded within a volatile intraday range of ₹175.43 to ₹180.6 and saw a robust volume of 646,786 shares processed during the trading period.