DBS Bank India announces key leadership appointments

India, April 08, 2025: DBS Bank India has announced two senior-level appointments who will lead core business functions.

• Ambuj Chandna has been appointed Managing Director & Head of Consumer Banking Group, at DBS Bank India, succeeding Prashant Joshi. Ambuj was formerly the President & Head of Consumer Assets at Kotak Mahindra Bank.
• Santanu Mitra, the former Managing Director and Head – Digital Economy Group, Institutional Banking at DBS Bank Singapore, takes on the role of Managing Director & Country Head Corporate Banking (Large and Midcap) at DBS Bank India.

Both leadership positions will report into the Managing Director and CEO of DBS Bank India Limited, Rajat Verma, who commented on the appointments, “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, a seasoned banking professional with nearly three decades of experience was previously with Kotak Mahindra Bank. In his new role, Ambuj will oversee DBS Bank India’s retail banking operations, wealth offering (DBS Treasures), digital banking, and customer engagement to strengthen the bank’s consumer banking function. Before Kotak, Ambuj held senior positions at ING Vysya Bank, Fullerton Financial Holdings, and Citibank. He has an MBA from the Institute of Management Studies, Indore, and Master of Science degree in Strategic Marketing Leadership from Henley Business School, London.

Santanu, who joined DBS Singapore in 2014 will now lead Corporate Banking (Large and Midcap) at DBS Bank India, in a move that underlines the bank’s robust bench strength and opportunities for mobility across markets. In his new role, he will be responsible for driving the institutional banking business, focusing on large and mid-corporates and MNCs. Over the last decade, Santanu has played a pivotal role in the Technology, Media, and Telecommunications (TMT) sector in India, Singapore and United States, helping to grow the TMT business materially. He was responsible for setting up the Digital Economy business covering the startup ecosystem in 2020, which has since scaled up across key DBS markets. With a career spanning two decades, he has previously held leadership roles at PT AXIS Telekom Indonesia, and Macquarie Bank. Santanu holds an MBA from the Indian Institute of Management Ahmedabad and a Bachelor of Technology (Honors) from the Indian Institute of Technology, Kharagpur.

DBS Bank India has a full-service platform with offerings across institutional banking, wealth and retail banking, focusing on a seamless experience that enables customers to ‘Live more, Bank less’.