DCB Bank is among the top five gainers on the BSE, holding on to the green even in this falling market. Though the stock opened slightly lower at Rs.77, it rose over 14.5% to an intraday high at Rs.89.45.
The stock price rose after the Bank said that it has received the RBI approval for reappointment of its managing director and chief executive officer.
This RBI nod is for re-appointment of current MD & CEO, Murali M Natrajan for further period of two years from April 29, 2022 to April 28, 2024.
The market is always happy when there is continuity in the leadership position as it ensures stability for the next two years.