DCB Bank has named Pushan Mahapatra as an Additional and Non-Executive (Independent) Director, with effect from March 10, 2026, for a three-year term, subject to shareholder approval. In the same announcement, the Board has recommended his candidature for the role of Non-Executive Part Time Chairman of the Bank and will pursue the necessary approvals from the Reserve Bank of India (RBI).
Mr. Pushan Mahapatra brings a four-decade-long track record in banking, including 35 years with the SBI group. His leadership experience spans Retail and Corporate Banking, Technology, Compliance and Audit. Notably, he served as Vice President (Systems & Internal Audit) at SBI’s Hong Kong Branch and later led SBI General Insurance Co. Ltd. as MD&CEO for nearly five years, where he is credited with elevating performance and market standing in the private general insurance space.
Post-retirement, he has been associated with Zurich Insurance Group and, since June 2024, has been serving as a Non-Executive Director on the JV Zurich Kotak General Insurance Co. (India) Ltd. He also serves as an Independent Director on the board of Angel One Trustee Limited. The appointment underscores DCB Bank’s pursuit of seasoned, independent perspectives to guide strategy and governance as it expands its footprint in a dynamic banking landscape.
The board’s move to appoint an independent director and to seek the RBI’s nod for a potential Non-Executive Part Time Chairman role reflects a push toward strengthened governance and strategic oversight. shareholders’ approval and regulatory clearances will complete the process, aligning with the bank’s broader governance objectives and growth ambitions.