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’.
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia, and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world. In 2025, CRISIL Ratings reaffirmed its ‘CRISIL AAA/Stable’ rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at ‘CRISIL A1+’.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 16 consecutive years from 2009 to 2024. In 2025, DBS Bank India was recognised as the Best Bank for Corporate Banking and Best Bank for Corporate Cash Management in India by CRISIL – Coalition Greenwich. Reinforcing its commitment to responsible banking and business practices, DBS was also named Best Bank for Sustainable Finance – India by Global Finance in 2024 and Best Bank for Diversity & Inclusion – India by Euromoney in 2024.
DBS Bank has been present in India for 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them ‘Live more, Bank less’. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. DBS Bank India is now present in ~350 locations in 19 Indian states.
DBS is committed to building lasting relationships with customers as it banks the Asian way and understands the intricacies of doing business in the region’s most dynamic markets. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit – www.dbs.com.
