New Delhi, Dec 30 (PTI) The Reserve Bank of India has approved the proposal to appoint Rajat Verma as the new CEO of DBS Bank India.

Verma, currently Head of Institutional Banking Group (IBG), will succeed Surojit Shome, who retires on February 28, 2025, DBS Bank India said in a statement on Monday.

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A seasoned banker, Verma has a 27-year track record across consumer and corporate banking including transactional banking, financial institutions, sustainable finance, micro and SME banking, as well as branch banking, it said.

Since joining DBS as Head of IBG in June 2023, he has significantly grown the business across all client segments, it said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)