Praveen Kutty, the newly appointed MD and CEO of DCB Bank, stated that the bank's core elements remain unchanged following his recent takeover.

In his first media interaction since assuming the role in April, Kutty acknowledged the importance of enhancing customer engagement while expressing contentment with the bank's current stability.

He emphasized the objective of reducing gross non-performing assets, which currently stand at 3 percent or higher.

Furthermore, Kutty disclosed that the bank's promoter, the Aga Khan Fund for Economic Development (AKFED), intends to increase its stake in DCB Bank.

The fund is expected to inject $10 million, resulting in its ownership exceeding 15 percent.