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Rajat Verma has been appointed as the Chief Executive Officer of DBS Bank India.

Appointment | Dated: 01 Jan 2025

In December 2024, Rajat Verma was appointed as the Chief Executive Officer (CEO) of DBS Bank India Limited (DBIL), a subsidiary of Singapore-based DBS Group. His appointment will be effective from March 1, 2025. He will also join DBS's Group Management Committee.

🎯 Key Highlights:

  • - Rajat Verma will take over from Surojit Shome, who will retire on February 28, 2025, after successfully leading the bank for 10 years.
  • - Currently, Rajat Verma is the head of the Institutional Banking Group (IBG) at DBIL.
  • - The Reserve Bank of India (RBI) has approved his appointment, following a proposal from DBS Bank.

💡 Other Important Facts:

  • (i) Rajat Verma is an experienced banker with 27 years of expertise in areas such as consumer and corporate banking, transaction banking, financial institutions, sustainable finance, SME banking, and branch banking.
  • (ii) He joined DBS Bank India Limited (DBIL) in June 2023. Under his leadership, DBIL was recognized as the Best Bank for Sustainable Finance in India by Global Finance in 2024. 3.
  • (iii) Before joining DBIL, Verma was the Managing Director (MD) and Country Head of Commercial Banking at HSBC India (Hongkong and Shanghai Banking Corporation Limited).

📚 Test Your Knowledge:

Who was recently appointed as the Chief Executive Officer (CEO) of DBS Bank India?

Correct Answer: Rajat Verma

🚀 Quick Recap:

About DBS Bank India Limited (DBIL)

  • CEO: Rajat Verma
  • Headquarters: Mumbai