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As on 02-Jun-2023  15:10

DCB Bank gains on forming search committee to identify successor to MD & CEO
The board has also appointed Korn Ferry as the Search Firm to help identify and evaluate suitable candidates for the position. The search committee and Korn Ferry will evaluate internal and external candidates over the next few months. The bank said it is committed to completing the succession process within regulatory guidelines.

Meanwhile, the board has appointed Ravi Kumar as the chief financial officer (CFO) and key managerial personnel (KMP), effective 8 June 2023.

Ravi Kumar is a Fellow Member of the Institute of Chartered Accountants of India and a Certified Information Systems Auditor. Ravi Kumar has over 27 years of experience in Finance, Audits, and Operations, in national and international roles. Pror to joining DCB Bank in 2009, Ravi Kumar worked for Samba Financial Group (previously Citibank) at Riyadh and Qatar as Chief Financial Officer and Program Director in Audit; and earlier for Ernst & Young auditing large banks, mutual funds, and multinational companies.

DCB Bank is engaged in providing banking and financial services. Its net profit jumped 25.4% to Rs 142.21 crore on 25.8% rise in total income to Rs 1,301.61 crore in Q4 FY23 over Q4 FY22.

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