Our Bureau
New Delhi
Singapore based DBS Bank has announced the appointment of Rajat Verma as the new Chief Executive Officer (CEO) of DBS Bank India, effective March 2025. This transition comes as Surojit Shome, the current CEO who has successfully led the bank for a decade, prepares for retirement in February 2025. Verma’s extensive experience and proven track record in the banking sector position him well to lead DBS India into its next chapter.
Rajat Verma is a seasoned banking professional with over 27 years of experience in both consumer and corporate banking. He currently serves as the Head of Institutional Banking at DBS India, where he has been instrumental in driving growth and enhancing client relationships.
Verma holds an MBA from the prestigious Indian Institute of Management (IIM), Lucknow, and a Bachelor’s degree in Electrical Engineering from Delhi College of Engineering. Throughout his career, Verma has held various leadership roles at HSBC India, where he gained valuable insights into retail and institutional banking.
At DBS India, Verma has played a crucial role in expanding the bank’s institutional banking services. Under his leadership, DBS was recognized as the Best Bank for Sustainable Finance in India by Global Finance in 2024. With Rajat Verma stepping into the role of CEO, the bank aims to further strengthen its position by enhancing its digital offerings and expanding its reach within the Indian market.
As CEO, Verma will prioritize growth strategies that align with DBS Bank’s vision of becoming a leading financial services provider in Asia. Moreover, Verma’s leadership will be crucial in navigating regulatory challenges and ensuring compliance while driving business growth. His extensive experience in risk management will be an asset as DBS continues to expand its footprint in India.
