Rajat Verma Appointed New CEO of DBS Bank India
| Aspect | Details |
|---|---|
| New Appointment | Rajat Verma appointed CEO of DBS Bank India, effective March 1, 2025. |
| Current Role | Head of Institutional Banking Group at DBS Bank India. |
| Predecessor | Surojit Shome, retiring in February 2025 after leading since 2015. |
| Experience | 27 years in banking, including 26 years at HSBC India. |
| RBI Approval | Appointment subject to Reserve Bank of India (RBI) approval. |
| DBS India's Growth | Expanded to over 350 locations across 19 states under Shome's leadership. |
| Key Initiatives | Launch of digibank in 2016, ranked among top three in Forbes' World's Best Banks in India (2020-2022). |
| Future Plans | Capital investment of S$300 million to S$500 million in India operations over next 3-4 years. |
| Sustainability Focus | Recognized as "Best Bank for Sustainable Finance - India" by Global Finance in 2024. |