DBS Nominates Rajat Verma as Next India CEO

DBS Bank India Nominates New CEO

DBS’ India unit has nominated its head of institutional banking, Rajat Verma, to be its new CEO, two people familiar with the matter said.

Succession Plan

Verma is slated to replace Surojit Shome, who has led DBS Bank India since 2015 but plans to retire, said the sources. They declined to be named as the discussions were confidential.

Confirmation and Approval

A DBS spokesperson declined to comment. Verma and Shome did not respond to Reuters queries.

Regulatory Approval

DBS has submitted Verma’s CEO nomination to the Reserve Bank of India, which approves all such appointments. The central bank did not respond to Reuters queries.

Conclusion

The nomination of Rajat Verma as the new CEO of DBS Bank India marks a significant change in the leadership of the bank. With Shome’s retirement, Verma is set to take the reins and lead the bank’s future growth and development.

FAQs

Q: Who has been nominated as the new CEO of DBS Bank India?

Rajat Verma, the head of institutional banking at DBS Bank India, has been nominated as the new CEO.

Q: Who is replacing Rajat Verma?

Surojit Shome, the current CEO of DBS Bank India, is set to retire and be replaced by Verma.

Q: Has the nomination been approved by the Reserve Bank of India?

The nomination has been submitted to the Reserve Bank of India, but the central bank has not yet responded to confirm the approval.

Q: Will Surojit Shome continue to be involved with DBS Bank India after his retirement?

The article does not provide information on Shome’s future plans or involvement with the bank after his retirement.