DBS Bank India appoints Rajat Verma as Managing Director

Tags: Person in news

DBS Bank India appointed Rajat Verma as the Managing Director and Head of Institutional Banking in India.

An Overview of the News

• Rajat Verma joins DBS Bank India from HSBC India, where he held the position of Managing Director and Country Head of Commercial Banking in India.

• Neeraj Mittal, the previous Head of Institutional Banking at DBS Bank India, has moved to a new role as Country Head of DBS Bank in Australia.

• In his new role, Mittal will focus on expanding the DBS franchise in Australia as well as strengthening the bank's relationships with South-East Asia and South Asia.

DBS Bank Limited:

• It is a Singaporean multinational banking and financial services corporation.

• It is headquartered in the Marina Bay Financial Center in the Marina Bay district of Singapore.

• The bank was formerly known as The Development Bank of Singapore Limited.

• On 21 July 2003, the bank adopted the name DBS to reflect its global role.

• DBS Bank is one of Singapore's "big three" banks,along with OCBC Bank and UOB.

• Its major markets include China, India, Indonesia, Hong Kong and Taiwan.

• DBS Bank offers a wide range of banking and financial services.

• Its services include retail banking, wealth management, corporate banking, investment banking, trade finance, treasury and market services, and insurance solutions.