DBS Financial institution India has introduced that Rajat Verma will assume the position of CEO beginning 1 March 2025, following approval from the Reserve Financial institution of India.
Verma, at the moment serving as Head of Institutional Banking Group (IBG) at DBS India, will succeed Surojit Shome, who is about to retire on 28 February 2025.
In his new position, Verma will be part of DBS’ Group Administration Committee.
Verma, a banking veteran with 27 years of expertise, joined DBS in June 2023.
As Head of IBG, he has pushed progress throughout all consumer segments by deepening company relationships, accelerating buyer acquisition, and figuring out alternatives in rising progress areas.
Earlier than becoming a member of DBS, Verma held management roles at HSBC India, together with Managing Director and Nation Head of Business Banking.
Surojit Shome, who has been CEO since 2015, has overseen vital milestones, together with the launch of digibank in 2016, the subsidiarisation of DBS India in 2019, and the combination of Lakshmi Vilas Financial institution in 2020.
Underneath his management, DBS India has advanced right into a full-service platform spanning institutional banking, wealth administration, and retail banking.
The financial institution now operates throughout over 350 places in 19 states.
Piyush Gupta, CEO of DBS, mentioned,
“A banking veteran, Rajat has solidified our India IBG enterprise since becoming a member of us 18 months in the past. With our strong platform, DBS is well-positioned to proceed collaborating within the India progress story over the approaching years.
I’m assured that Rajat will construct on what has been completed and take the enterprise to the following stage.”
Featured picture credit score: Edited from Freepik
