According to reports, DBS Bank India has announced two senior-level appointments for core business functions. Ambuj Chandna has been made managing director and head of consumer banking group. Ambuj, who was earlier president and head of consumer assets at Kotak Mahindra Bank, takes charge from Prashant Joshi.

Santanu Mitra, previously the managing director and head of digital economy and institutional banking at DBS Bank Singapore, has assumed the position of managing director and country head for corporate banking (large and midcap) at DBS Bank India.

Ambuj and Santanu will answer to Rajat Verma, the managing director and CEO of DBS Bank India.

 “India is one of our 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,” says Rajat.
 

Ambuj has nearly three decades of work experience. In his new role, he will oversee the bank's retail banking operations, wealth offering (DBS Treasures), digital banking, and customer engagement to strengthen the bank’s consumer banking function.

Before Kotak, he held senior positions at ING Vysya Bank, Fullerton Financial Holdings and Citibank.

Santanu joined DBS Singapore in 2014. He will now be responsible for driving the institutional banking business, focusing on large and mid-corporates and multinational companies. Over the last decade, he has played a pivotal role in the technology, media, and telecommunications (TMT) sector in India, Singapore and the US.

 

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At DBS, he was responsible for setting up the digital economy business, covering the startup ecosystem in 2020, which has since scaled up across DBS’ key markets. With a career spanning two decades, he has previously held leadership roles at PT AXIS Telekom Indonesia, and Macquarie Bank.