DBS Bank India has announced the appointment of two senior leaders who will be responsible for overseeing key business operations. Ambuj Chandna has been named Managing Director & Head of Consumer Banking Group at DBS Bank India, succeeding Prashant Joshi. Previously, Ambuj led the Consumer Assets division at Kotak Mahindra Bank. Additionally, Santanu Mitra, formerly Managing Director and Head of the Digital Economy Group, Institutional Banking at DBS Bank Singapore, now steps in as Managing Director & Country Head Corporate Banking (Large and Midcap) at DBS Bank India. Both executives will report directly to Rajat Verma, Managing Director and CEO of DBS Bank India Limited.
Commenting on the new appointments, Verma said, “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.”
In his new role, Ambuj will be in charge of DBS Bank India’s retail banking, wealth offering (including DBS Treasures), digital banking, and customer engagement efforts, all aimed at bolstering the bank’s consumer banking sector. Meanwhile, Santanu will lead the institutional banking division, focusing on serving large corporations, mid-sized firms, and multinational companies.
DBS is a premier financial services group in Asia, operating in 19 markets. Headquartered and listed in Singapore, the bank is strategically positioned within the key growth regions of Greater China, Southeast Asia, and South Asia. Notably, this isn’t the first leadership change for DBS in 2025—Rajat Verma was appointed as the new CEO of DBS Bank India back in March 2025.