Mumbai, India, June 2025 — Rajat Verma has been appointed as Chief Executive Officer of DBS Bank India, bringing with him over 27 years of diverse leadership experience in the banking industry. His elevation to the top role follows a successful tenure as Managing Director and Country Head of Institutional Banking at DBS, where he was instrumental in driving growth and deepening institutional relationships.
Rajat joined DBS Bank in 2023 after a remarkable 26-year career at HSBC, where he held several key positions across commercial and corporate banking. As Country Head of Commercial Banking in India, he played a crucial role in expanding the bank’s footprint among mid-market and large corporates. He was also appointed as the Asia Pacific Lead for Sustainable Finance, a role in which he championed ESG-focused strategies and financing across the region.
In his earlier years at HSBC, Rajat held various leadership roles, including Head of Corporate Banking India, Director of Global Banking, and Head of Cash Management North India. His wide-ranging experience across banking functions—spanning retail, global banking, and sustainable finance—makes him uniquely positioned to steer DBS India through its next phase of digital transformation and market expansion.
A distinguished alumnus of IIM Lucknow, Rajat’s leadership is expected to reinforce DBS Bank India’s focus on customer-centricity, innovation, and sustainable growth. Under his stewardship, the bank aims to scale new heights in one of Asia’s most dynamic financial landscapes.
DBS Bank
Headquartered and listed in Singapore, DBS is a leading financial services group operating in 19 markets across Asia. It provides comprehensive banking services in consumer, SME, and corporate segments and is renowned globally for its innovation and digital leadership. Recognised as the “World’s Best Bank” by Global Finance and Euromoney, DBS has earned a reputation for excellence in digital transformation, financial resilience, and customer engagement. Through its award-winning DBS Foundation, the bank also supports social enterprises and contributes to societal advancement by building food resilience and future-ready skills across communities.
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