Private lender DBS Bank India has appointed Prashant Joshi as its new Managing Director & Head of National Distribution. Prashant holds more than three decades of experience in the banking sector across consumer, SME and corporate banking with leading banks and financial institutions. As a part of his new appointment, he will report to Surojit Shome, Managing Director & CEO of DBS Bank India Limited.
Surojit Shome, Managing Director & CEO, DBS Bank India said, “The bank is on a strong growth trajectory and we are very pleased to have Prashant on board to accelerate this momentum. His deep understanding and experience in both retail and SME segments will be invaluable to the bank’s growth plans as we expand our footprint across India.”
Prior to this appointment, Prashant was associated with IndoStar Capital Finance, where he was appointed as the Chief Operating Officer, responsible for developing the SME and affordable housing finance business. Apart from this, he also managed the Operations & Technology platforms for all businesses.
Earlier, he worked with Deutsche Bank for around eight years and led the creation of a successful retail banking franchise. He has also developed a high quality, profitable SME and retail assets businesses at Standard Chartered Bank and IDBI Bank respectively.
Also Read: RBI gives final nod to DBS Bank merger
He has also worked with ICICI Limited and Rabo India Finance (a Rabobank subsidiary). He holds a bachelor’s degree in Commerce from the University of Bombay and is a qualified cost accountant. He also holds a Postgraduate Diploma in Management from the Indian Institute of Management, Calcutta.