Mumbai, August 1, 2007: Development
Credit Bank Ltd. (DCB) is pleased to announce
the appointment of Mr. Praveen Kutty as Head
of Consumer Banking Group (CBG).
Praveen Kutty brings with him around 16 years
of banking experience. He has worked with Citibank’s
Indian and international operations before joining
DCB. He was until recently, the Area Director
for Citibank’s NRI Business in North America.
While announcing the appointment, Gautam Vir,
MD & CEO, said, “I am delighted to
bring Praveen on board. He has extensive experience
in Retail and Consumer Banking and Portfolio
Management. He also brings with him a keen understanding
of both the international and the Indian market
and we at DCB are certain that Praveen will
be an important asset for our growth strategy.”
In the 16 years Praveen has been with Citibank,
he has successfully managed multiple consumer
banking businesses including Credit Cards, Personal
Loans, Home Loans, Branch Banking and Wealth
Management. Prior to his international assignment,
as the Head of Credit Cards Portfolio, he chalked
up impressive growth both in terms of receivables
and profitability. Previously, he was the Area
Director for Bangalore for Consumer Banking,
and he was instrumental in scaling up the remote
banking Suvidha experiment into a highly profitable
customer proposition.
Praveen is 40 years of age and prior to this
appointment, was based out of New York, USA.
Praveen holds a Master of Business Administration
(MBA) degree from Bharathidasan Institute of
Management, Tiruchirapalli, India and a Bachelor’s
degree in Commerce.
Development Credit Bank Limited (DCB) is one
of the fastest growing Private Sector Banks in
India providing its customers access to over 18,000*
ATMs and 72 state-of-the-art branches and extension
counters spread over nine States and two Union
Territories. DCB also offers a full suite of Fixed
Deposit, Current Account and Savings Account products
to its customer. As of 31 March 2007, DCB’s
deposit base was Rs. 4415.20 crores and the advances
were over Rs. 2658.52 crores.
