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Which Bank has appointed Rajat Verma as new Managing Director?
A)
OCBC Bank
B)
Citibank
C)
DBS Bank
D)
HDFC Bank

Correct Answer :   DBS Bank


DBS Bank India has appointed Rajat Verma as managing director and head of institutional banking, the lender said in a statement on Monday (26th June 2023).

Rajat, who was formerly with HSBC as the MD and country head of Commercial Banking, India, will be succeeding Niraj Mittal, as head of institutional banking. Mittal will be taking up a new role as country head of DBS Bank in Australia.

Rajat will lead the growth of the institutional banking franchise for DBS Bank in India given the significantly expanded footprint of the lender. DBS Bank India said that Rajat's appointment strengthens its leadership team and commitment to grow institutional banking business.

Commenting on Verma's new role, Surojit Shome, Managing Director and CEO of DBS Bank India said, "He (Rajat Verma) is a seasoned banker with a proven track record of delivering value to institutional clients across diverse sectors and markets. His appointment reinforces our commitment to growing our business in India."

Under Rajat’s leadership, the bank aims to strengthen in digitalisation and deliver better value for its customers, he added..

Source : Economic Times

Published On : June 27, 2023
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