DBS Bank India appoints Rajat Verma as managing director, head of Institutional Banking

NEW DELHI: DBS Bank India has announced the appointment of Rajat Verma as managing director and head of institutional banking for India. This move comes as the current head of institutional banking, Niraj Mittal, transitions to his new role as country head of DBS Bank in Australia.

In his new role, Rajat will lead the expansion of DBS Bank's institutional banking franchise in India, taking advantage of the bank's significantly expanded footprint, which spans over 350 locations with more than 530 branches. This strategic appointment reinforces DBS Bank India's commitment to excellence in its institutional banking business and further strengthens its leadership team.

Surojit Shome, managing director and CEO of DBS Bank India, expressed his satisfaction with Rajat's appointment, stating, "DBS Bank India is experiencing strong growth, and we are delighted to have Rajat join us to accelerate our momentum. With his extensive experience in delivering value to institutional clients across diverse sectors and markets, he is a seasoned banker who will drive our business growth in India."

Rajat Verma, the newly appointed Managing Director and Head of Institutional Banking for DBS Bank India: "DBS Bank has earned global recognition as one of the best banks and is making remarkable strides in the industry with its robust digital platform, established Asian network, and deep understanding of the Indian market."