Categories: Appointments

DBS Bank India appoints Rajat Verma as Managing Director

Why DBS Bank in News?

DBS Bank India has appointed Rajat Verma as managing director and head of institutional banking in India. The current head of institutional banking Niraj Mittal has recently moved to a new role as country head of DBS Bank in Australia. The bank said Mittal will focus on growing the DBS franchise there, including improving linkages with South-East Asia and South Asia.

Verma was, till recently, with HSBC India where he was managing director and country head of commercial banking in India. The statement said Verma brings a wealth of knowledge and deep industry expertise to DBS. He holds an MBA from the Indian Institute of Management, Lucknow, and a Bachelor of Electrical Engineering from the Delhi College of Engineering.

About the DBS Bank

DBS Bank Limited, often known as DBS, is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The Development Bank of Singapore Limited, which “DBS” was derived from, before the present abbreviated name was adopted on 21 July 2003 to reflect its role as a global bank. It is one of the “Big Three” banks in Singapore, along with OCBC Bank and the United Overseas Bank (UOB).

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.

Find More Appointments Here

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

Recent Posts

Historic Dolphin Tagging Initiative in Assam

India has achieved a significant milestone in wildlife conservation with the first-ever satellite tagging of…

21 mins ago

Uttarakhand to Implement Uniform Civil Code from January 2025

Uttarakhand will become the first Indian state to implement the Uniform Civil Code (UCC) starting…

25 mins ago

Which District of Maharashtra is Known as the City of Gates?

Maharashtra, located in western India, is a vibrant state known for its rich history, diverse…

27 mins ago

Net Direct Tax Collection Sees Robust 16.45% Growth to Rs 15.82 Lakh Crore

The net direct tax collections for the fiscal year 2023-24 have surged by 16.45% to…

52 mins ago

Important Days in December 2024, National and International Days

December, the last month of the year, is a month full of important days that…

1 hour ago

Ace Your Exam 19th December Current Affairs Quiz

In competitive exams like SSC, Defence, State Exams, and Railways, current affairs serve as a…

4 hours ago