Surojit Shome, MD and CEO, DBS Bank India is set to retire in February 2025. Rajat Verma has reportedly been nominated as the next CEO. However, the approval of the Reserve Bank of India on the same is awaited.
Shome has been with the bank since 2015, while Verma was appointed MD and head of institutional banking in June of 2023.
Following a successful career at the helm of DBS Bank India since April 2015, Surojit Shome had indicated his desire to retire some time back and has worked with the DBS Bank India board and DBS Group management to identify potential successors
An alumnus of XLRI Jamshedpur, Surajit Shome served as MD and head of corporate banking and FI – South Asia, for Citigroup for 18 years, from 1988 to 2006.
He then moved to Lehman Brothers as MD and IBD head, India, in December 2006. Almost two years into this role, Surajit Shome moved to Rabobank, as CEO and country head, India.
It was in April of 2015 that Shome’s association with DBS Bank India began.
Rajat Verma will step into Shome’s shoes if his nomination for the role is approved by RBI.
An alumnus of the Indian Institute of Management, Lucknow, Verma began his professional journey with HSBC in 1997. That’s where he spent over 26 years, having joined as branch manager, in 1997 and climbed up the ranks to become MD, country head, commercial banking, India commercial banking, in June 2017.
It was in June 2023 that he moved to DBS Bank, as MD, country head, institutional banking.
DBS Bank’s presence in India goes back three decades.
