Rajat Verma to succeed retiring Surojit Shome as CEO of DBS Bank India
Singapore-headquartered banking group DBS has named Rajat Verma as the new CEO of DBS Bank India.
Rajat Verma will succeed Surojit Shome as DBS Bank India CEO in March. Image source: DBS.
Verma, who currently serves as DBS Bank India’s head of institutional banking group (IBG), will take on the role from 1 March 2025, succeeding current CEO Surojit Shome, who is set to retire on 28 February after 10 years at the helm.
DBS says Verma has a “27-year track record across consumer and corporate banking, including transactional banking, financial institutions, sustainable finance, micro and SME banking, as well as branch banking”.
He joined DBS Bank India in June 2023 following a 26-year tenure at HSBC India, where he held a number of senior leadership roles including director of global banking and managing director and country head of commercial banking.
DBS CEO Piyush Gupta says Verma has “solidified our India IBG business since joining us 18 months ago”, with the company adding that he has “significantly grown the business across all client segments”.
DBS currently operates in 19 markets across Asia and has had a presence in India since 1994. It now operates more than 500 branches across 19 states in the country.
Moreover, the bank recently became the primary banking partner for cash management and stablecoin reserve custody with Paxos, a New York-based blockchain infrastructure platform.
