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DCB Bank: Appointment Of Ms. Rupa Devi Singh Independent Director As Non-­Executive (Part-Time) Chairman Of The Bank Subject To Regulatory Approvals


This is to inform you that the Board of Directors of DCB Bank Limited at its Meeting held on January 14 2022 has approved the appointment of Ms. Rupa Devi Singh (DIN 02191943) Independent Director as Non-Executive (Part-Time) Chairman of the Bank in the vacancy caused by retirement of Mr. Nasser Munjee from that position. This appointment is subject to approval from regulatory authorities and the shareholders of the Bank.In terms of Section 10B(1A)(i) of the Banking Regulation Act 1949 the appointment of Part-Time Chairman requires prior approval of the Reserve Bank of India (RBI) for which an application is being made. Appointment of Ms. Rupa Devi Singh as Non-Executive Part-Time Chairman will be effective from the date of receipt of such RBI approval. We affirm that Ms. Rupa Devi Singh is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India or any other such authority.

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