DBS Bank India Appoints Rajat Verma As MD And Head Of Institutional Banking
DBS Bank India announces the appointment of Rajat Verma as Managing Director and Head of Institutional Banking for India. The current Head of Institutional Banking for India, Niraj Mittal, has recently moved to a new role as Country Head of DBS Bank in Australia.
Rajat was, till recently, with HSBC Bank where he was the Managing Director and Country Head of Commercial Banking, India. With his 26 years of banking experience, Rajat holds an MBA from the Indian Institute of Management, Lucknow, and a Bachelor of Electrical Engineering from the Delhi College of Engineering.
In his new role, Rajat will lead the growth of the institutional banking franchise for DBS Bank in India, which has its presence across 350+ locations with 530+ branches.
Surojit Shome, Managing Director and CEO of DBS Bank India said, "DBS Bank India is on a strong growth trajectory, and we are very pleased to have Rajat on board to accelerate the momentum. He is a seasoned banker with a proven track record of delivering value to institutional clients across diverse sectors and markets. His appointment reinforces our commitment to growing our business in India. I am confident that under Rajat’s leadership, we will further bolster our corporate banking franchise, leverage our strengths in digitalisation and deliver better value for our customers.”
Rajat Verma, Managing Director and Head of Institutional Banking for DBS Bank India said, "This marks a career milestone for me as I join an organisation with a unique growth story in India. DBS has been recognised as one of the best banks in the world and is making great strides in the industry through its strong digital platform, established Asian network and deep understanding of the Indian market. I look forward to building on this solid foundation and working with the talented team at DBS to leverage these strengths as we progress towards the next stage of growth in India.”
DBS Bank India, a 100 per cent wholly owned subsidiary of DBS Bank, Singapore, is one of the leading banks in the country, offering a wide range of products and services to its clients across large, medium, and small enterprises along with a full suite of products for individual consumers.
