Mumbai: DBS Bank India has announced the appointment of two seasoned leaders to spearhead core business verticals, reinforcing its commitment to deepening its India franchise and driving sustained growth.
- Ambuj Chandna has been named Managing Director & Head of Consumer Banking Group, succeeding Prashant Joshi.
- Santanu Mitra, previously Managing Director and Head – Digital Economy Group, Institutional Banking at DBS Bank Singapore, assumes the role of Managing Director & Country Head, Corporate Banking (Large and Midcap) at DBS Bank India.
Both appointments will report to Rajat Verma, Managing Director and CEO of DBS Bank India.
Commenting on the new appointments, Rajat 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.”
Ambuj Chandna, a banking veteran with nearly 30 years of experience, joins DBS Bank India from Kotak Mahindra Bank, where he served as President & Head of Consumer Assets. In his new role, Ambuj will oversee retail banking operations, DBS Treasures (wealth offering), digital banking, and customer engagement, helping strengthen the bank’s consumer banking proposition. His earlier roles include senior positions at ING Vysya Bank, Fullerton Financial Holdings, and Citibank. Ambuj holds an MBA from the Institute of Management Studies, Indore, and a Master of Science in Strategic Marketing Leadership from Henley Business School, London.
Santanu Mitra, who joined DBS Singapore in 2014, now returns to India to lead Corporate Banking (Large and Midcap). He brings deep expertise across the Technology, Media, and Telecommunications (TMT) sectors, with significant contributions in India, Singapore, and the U.S. In 2020, Santanu was instrumental in establishing DBS’s Digital Economy business, focused on the startup ecosystem, which has since expanded across key DBS markets. His prior roles include leadership stints at PT AXIS Telekom Indonesia and Macquarie Bank. He holds an MBA from IIM Ahmedabad and a B.Tech (Hons) from IIT Kharagpur.
DBS Bank India continues to build on its full-service platform, offering a broad spectrum of institutional, wealth, and retail banking solutions. With a strong digital foundation and physical presence, the bank remains committed to delivering seamless, future-ready banking that enables customers to “Live more, Bank less.”
