A small private bank, a new CEO and plans to stay conservative
Live MintMumbai: DCB Bank, one of India’s smallest private sector lenders, wants to play it safe. However, when customers have surplus funds, these often remain in savings or current accounts at other banks, not DCB Bank," said Kutty, adding that to address this gap, the bank would now focus on getting such low-cost current and savings deposits. While we strive to remain cautious in lending, we aim to be more aggressive in execution speed," said Kutty, who has been at the bank for 17 years, heading retail, agri, and small business banking. “RBI approved Praveen Kutty as managing director of the bank who has been part of the bank leadership team for the past 16 years; thus ensures continuity of the strategy," analyst at IDBI Capital said in a note on 25 October. On 18 October, Care Rating reaffirmed ratings on the bank’s ₹1,000 crore certificate of deposits at A1+ and said it factors in “comfortable capitalisation with sufficient cushion over the minimum regulatory requirement".
History of this topic
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