Singapore's DBS Group has appointed Rajat Verma as chief executive officer of DBS Bank India, it said on Monday, to succeed Surojit Shome, who retires at the end of February. Reuters reported in November that Verma had been nominated,

Rajat Verma, currently Head of Institutional Banking Group at DBS India, will succeed Surojit Shome as CEO in March 2025, after Shome’s retirement.

Singapore's DBS Group said on Monday it has appointed Rajat Verma as chief executive officer of DBS Bank India, succeeding Surojit Shome, who would retire at the end of February. Reuters had reported about Verma's nomination in November and that the bank was awaiting the Reserve Bank of India's approval on the successor.

DBS Bank has appointed Rajat Verma as its new chief executive officer of DBS Bank India effective from Mar 1, 2025. Read more at The Business Times.

DBS Bank India has confirmed that Rajat Verma will take over as its Chief Executive Officer (CEO) from March 1, 2025. Two prominent foreign banks operating in India are set to witness significant leadership transitions in 2025. Singapore-based DBS Bank and British multinational Standard Chartered have both announced changes at the helm.