DBS Bank India names Rajat Verma as MD & head of institutional banking

Rajat Verma

DBS Bank India names Rajat Verma as Managing Director and Head of institutional banking in India, on Monday.

Niraj Mittal, the current head of institutional banking, has recently taken on a new role as the country head of DBS Bank in Australia. According to the bank, Mittal will concentrate on expanding the DBS franchise in the region, including strengthening ties with South-East Asia and South Asia.

Verma was formerly at HSBC India, where he served as Managing Director and country head of commercial banking. According to the statement, Verma brings to DBS a depth of knowledge and significant industry understanding. He has an MBA from the Indian Institute of Management in Lucknow, as well as a Bachelor of Electrical Engineering from the Delhi College of Engineering.

Surojit Shome, Managing Director and Chief Executive of DBS Bank India said: “He is a seasoned banker with a proven track record of delivering value to institutional clients across diverse sectors and markets. His appointment reinforces our commitment to growing our business in India.”

“This marks a career milestone for me as I join an organization with a unique growth story in India. DBS has been recognized as one of the best banks in the world and is making great strides in the industry through its strong digital platform, established Asian network and deep understanding of the Indian market,” said Rajat Verma, managing director and head of institutional banking for DBS Bank India.

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