Wednesday, October 1, 2025
spot_img

DBS Bank India Appoints Rajat Verma as Chief Executive Officer

spot_img
- Advertisement -

Singapore-based DBS Bank has appointed Rajat Verma as the new CEO of DBS Bank India, effective from March 1, 2025.

Rajat will succeed Surojit Shome, who will retire on February 28, 2025.

This appointment comes after the Reserve Bank of India approved Rajat’s nomination for the role.

Rajat Verma brings over 27 years of experience in consumer and corporate banking, including transactional banking, financial institutions, sustainable finance, micro and SME banking, and branch banking.

Leadership and Vision for DBS Bank India

In his new role, Rajat will be part of DBS’s Group Management Committee and will continue to lead the Institutional Banking Group (IBG) at DBS Bank India.

DBS CEO Piyush Gupta expressed confidence in Verma’s ability to build on the achievements of his predecessor and take the business to the next level.

Piyush highlighted that India has been a key market for DBS over the last 30 years and praised Shome’s leadership in growing DBS India into a full-service platform across institutional banking, wealth, and retail segments.

Before joining DBS, Rajat was the Managing Director and Country Head of Commercial Banking at HSBC India.

Since joining DBS in June 2023, he has significantly grown the business across all client segments by deepening existing corporate relationships, accelerating the acquisition of new customers, and identifying new opportunities across a broad spectrum of growth areas.

Legacy of Surojit Shome

Surojit Shome, who has been CEO of DBS Bank India since 2015, has overseen significant expansion in the Indian franchise, including the launch of digibank, India’s first mobile-only bank in 2016.

Surojit also led the subsidiarization of DBS in India in 2019 and the amalgamation of Lakshmi Vilas Bank in November 2020.

Piyush thanked Shome for his strong vision and unwavering commitment to excellence in growing DBS India into the strong franchise it is today.

DBS Group CEO Piyush Gupta announced at the annual general meeting in March 2024 that the group would allocate Singapore Dollars 300-550 million (around $368.54 million) capital towards India operations over the next three-to-four years.

This investment reflects DBS’s commitment to participating in India’s growth story and expanding its presence in the country.


Note: We are also on WhatsApp, LinkedIn, Google News, and YouTube. To get the latest news updates, subscribe to our channels. WhatsAppClick HereGoogle NewsClick HereYouTubeClick Here, and LinkedIn: Click Here.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Expedia cuts 3,000 jobs

Expedia has announced that it would be laying off...

Tata Steel Ananta QUEST Season 1; Apply before 16th Jan 2024

An Indian multinational steel-making company, Tata Steel has launched...

Kotak Mahindra Bank elevates Chetan Savla as CHRO

One of India’s leading financial services conglomerates, Kotak Mahindra Bank...

Former Biz2Credit Neetu Jha joins Triage Meditech as VP-HR

One of the leading Indian medical technology companies, Triage...

Birla Institute appoints Ravi Mishra as Head- Human Resources

A prestigious Indian university, Birla Institute of Technology and...

GCCs Lead the Way in Fresh Graduate Recruitment for FY25

Global Capability Centres (GCCs) in India are set to...

Robinhood to lay off 9% of full-time employees

The U.S. financial services company Robinhood Markets Inc. declared...

Shaping Tomorrow: Navigating the Future of Work for Women

In the last decade or so, more successful women...

Related Articles

Sahiba Sharma
Sahiba Sharmahttps://sightsinplus.com/
Sahiba Sharma, Senior Editor - Content at SightsIn Plus