DBS Bank Names Indian-American Executive Rajat Verma as Next India CEO

SINGAPORE: In a significant move, Singapore's DBS Group Holdings Limited has announced the appointment of Rajat Verma as its next CEO for its Indian operations, effective March 2025.

Verma, an Indian-American businessman, has extensive experience in leading financial institutions. As the CEO of DBS India, he will be responsible for driving the bank's growth and expansion plans in the country.

Details about Verma are not extensively available yet; however, his background suggests that he is well-connected in both the US and Asia financial markets, offering unique expertise to lead DBS' Indian operations.

DBS Group CEO Piyush Gupta has welcomed Rajat on board, stating that "He brings a wealth of experience and a deep understanding of India's evolving business landscape."