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DBS Bank India appoints Rajat Verma as Managing Director

DBS Bank India

Rajat Verma has been named managing director and head of institutional banking at DBS Bank India.

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Rajat Verma has been named managing director and head of institutional banking at DBS Bank India. Niraj Mittal, who is now in charge of institutional banking, just assumed the position of country head of DBS Bank in Australia. According to the bank, Mittal will concentrate on expanding the DBS franchise there, particularly strengthening ties with South Asia and Southeast Asia.

Verma was most recently the managing director and country head of commercial banking for India at HSBC India. According to the statement, Verma brings to DBS a plethora of experience and in-depth industry expertise. He graduated from Delhi College of Engineering with a Bachelor of Electrical Engineering and the Indian Institute of Management, Lucknow, with an MBA.

About the DBS Bank

DBS Bank Limited, sometimes referred to as DBS, is a worldwide banking and financial services company with its headquarters in Singapore’s Marina Bay neighbourhood. The Development Bank of Singapore Limited, from which “DBS” was formed, was the bank’s prior name before its current shortened name was adopted on July 21, 2003, to better represent its status as a worldwide bank. Along with United Overseas Bank (UOB) and OCBC Bank, it is one of Singapore’s “Big Three” banks.

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Important takeaways for all competitive exams

  • DBS Bank CEO: Piyush Gupta (9 Nov 2009);
  • DBS Bank Headquarters: Singapore;
  • DBS Bank Founder: Government of Singapore;
  • DBS Bank Founded: 16 July 1968, Singapore.

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