DCB makes 4 top-level appointments

To strengthen its top management and operations, Development Credit Bank (DCB) has appointed four divisional heads with immediate effect.

"We are delighted to have on board senior and experienced talent from the banking industry. The team brings with it a collective experience and expertise of over 55 years in the banking sector. This strategic restructuring initiative would put in place new management skills that will enhance the performance of DCB in the long run," Gautam Vir, managing director and CEO of DCB, said.

R Venkattesh of Standard Chartered Bank has been appointed as head (human capital) of DCB. Parag Patankar, senior vice president of PFS Group in ICICI Bank, would take charge as chief operations and technology officer of DCB.

Pravin Batra, former country head of corporate banking at IndusInd Bank, will join as head of corporate and business banking in DCB.

Devender Kumar Vasal has been given the charge to head legal and compliance at DCB, the release added.