DBS Bank India bolsters leadership with key senior appointments

DBS Bank India today announced the appointment of two seasoned banking professionals to lead its core business functions, signaling a strategic move to further strengthen its presence and drive growth in the Indian market.

Ambuj Chandna has been named the Managing Director & Head of Consumer Banking Group at DBS Bank India. Succeeding Prashant Joshi, Chandna brings nearly three decades of extensive experience in the consumer banking sector. Prior to joining DBS, he served as the President & Head of Consumer Assets at Kotak Mahindra Bank. His responsibilities at DBS will encompass overseeing the bank's retail banking operations, its wealth management arm (DBS Treasures), digital banking initiatives, and overall customer engagement strategies. Chandna's impressive career also includes senior roles at ING Vysya Bank, Fullerton Financial Holdings, and Citibank. He holds an MBA from the Institute of Management Studies, Indore, and a Master of Science degree in Strategic Marketing Leadership from Henley Business School, London.

In another significant leadership appointment, Santanu Mitra takes on the role of Managing Director & Country Head Corporate Banking (Large and Midcap) for DBS Bank India. Mitra transitions from his previous position as Managing Director and Head - Digital Economy Group, Institutional Banking at DBS Bank Singapore. This appointment underscores DBS's commitment to leveraging its internal talent pool and providing opportunities for career progression across its global network. In his new capacity, Mitra will be responsible for spearheading the institutional banking business, with a specific focus on large and mid-sized corporations and multinational companies operating in India. Over the past decade, Mitra has been instrumental in growing the Technology, Media, and Telecommunications (TMT) sector for DBS across India, Singapore, and the United States. Notably, he established the Digital Economy business for DBS in 2020, which has since expanded across key DBS markets. With a career spanning two decades, Mitra has also held leadership positions at PT AXIS Telekom Indonesia and Macquarie Bank. He holds an MBA from the Indian Institute of Management Ahmedabad and a Bachelor of Technology (Honors) from the Indian Institute of Technology, Kharagpur.

Rajat Verma, Managing Director and CEO of DBS Bank India Limited, commented on these strategic appointments, stating, “India is one of DBS’ key markets and over more than three decades in the country, the franchise has evolved, achieving a steady growth trajectory in recent years. The new leadership appointments will enable us to continue the strong momentum of the bank in India, leveraging our digital expertise, the physical distribution and our Asian network to serve our customers more holistically. We are delighted to welcome Ambuj and Santanu to their new roles at DBS and are confident that their extensive experience will be invaluable in driving our next phase of growth.”

These senior-level appointments come at a crucial time for DBS Bank India as it continues to expand its full-service platform, offering a comprehensive suite of institutional, wealth, and retail banking solutions. The bank remains focused on providing a seamless customer experience, empowering individuals and businesses to ‘Live more, Bank less’. The expertise and leadership of both Ambuj Chandna and Santanu Mitra are expected to be pivotal in driving DBS Bank India's future success in the dynamic Indian financial landscape.