Rajat Verma Appointed CEO of DBS Bank India

DBS Bank India has appointed Rajat Verma as its new CEO, effective March 1, 2025, succeeding Surojit Shome who will retire on February 28, 2025. Verma, currently the head of the Institutional Banking Group, brings nearly three decades of banking experience, including significant roles at HSBC India. His leadership at DBS has already been recognized, as the bank was named the Best Bank for Sustainable Finance in India in 2024. DBS CEO Piyush Gupta highlighted India's importance to the bank and expressed confidence in Verma's ability to further develop the business. The appointment has received approval from the Reserve Bank of India, as is required for all bank CEO appointments in the country. Verma will also join DBS's Group Management Committee as part of his new role.