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, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Impatiens Nimspurjai: Himalayan Plant Named After Nirmal Purja

There has been a recently discovered plant from the Himalayas which has been given the…

57 minutes ago

India-USN EOD Exercise 2026 Concludes in Kochi

The 8th edition of the India-USN EOD Exercise 2026 was concluded at the Southern Naval…

2 hours ago

National Sports Awards 2025 Announced: Key Winners List

The Ministry of Youth Affairs and Sports declared the National Sports Awards 2025 on August…

2 hours ago

Semiconductor Plants in India 2026: Complete List, Locations and Manufacturing Details

India is rapidly emerging as a major semiconductor manufacturing and packaging hub. Under the Semicon…

2 hours ago

Who is Rohan Naidu? Indian-Origin Scientist Behind Black Hole Star Discovery

Indian-origin astronomer, Dr. Rohan Naidu, discovered a unique cosmic object that is known as "Black…

2 hours ago

Vignesh Vermula, Saranya Devi Win Asian Junior Blitz Gold

Indian chess players Vignesh Vermula and Saranya Devi have won gold medals in the Open…

3 hours ago