Mumbai, Maharashtra, India, March 2025 — Ambuj Chandna has joined DBS Bank India as Managing Director and Head of Consumer Banking Group, marking a strategic addition to the bank’s leadership team under newly appointed CEO Rajat Verma. With an illustrious career spanning over two decades across leading financial institutions, Chandna brings extensive expertise in retail banking, digital innovation, and consumer asset growth.
Prior to this appointment, Chandna was President and Head of Consumer Bank – Products at Kotak Mahindra Bank, where he led significant initiatives across retail lending, liabilities, and payments. His eight-year journey at Kotak saw him take on progressive leadership roles including President – Consumer Assets, Head – Consumer Assets, and Senior EVP & Head – Retail Liabilities, Investments and Payments Products.
Before Kotak, Chandna played pivotal roles at ING Vysya Bank (now part of Kotak), including as Chief Distribution Officer – Retail Liabilities, Group Head – Branch Banking, and Group Head – Marketing, Liabilities and Direct Channels, helping establish robust frameworks for branch banking, digital platforms, and customer acquisition.
His earlier experience includes senior leadership stints at Fullerton Financial Holdings (UAE), Citibank India, Deutsche Bank, Standard Chartered Bank, and GE TFS Ltd., where he specialized in retail and auto finance, wealth management, and liabilities management. With his broad exposure across markets and customer segments, Chandna is well positioned to lead DBS Bank India’s consumer banking business into its next phase of growth and digital transformation.
Chandna’s appointment comes at a key moment for DBS Bank India, which continues to strengthen its consumer banking proposition following the integration of Lakshmi Vilas Bank. He replaces Prashant Joshi, who had been instrumental in overseeing the merger and expansion of the bank’s retail footprint since 2020.
DBS is a leading financial services group in Asia with operations in 19 markets. Headquartered and listed in Singapore, DBS is known for its digital leadership and robust presence across Greater China, Southeast Asia, and South Asia. With top-tier credit ratings and a long list of global accolades including “World’s Best Bank” and “Safest Bank in Asia,” DBS offers a comprehensive suite of services across consumer, SME, and corporate banking. Through DBS Foundation, the bank extends its impact beyond traditional banking by supporting social enterprises and equipping communities with future-ready skills. DBS continues to lead digital transformation while maintaining strong customer relationships rooted in Asian values.
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