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Ambuj Chandna Named MD & Head of Consumer Banking at DBS Bank India.

Appointment | Dated: 31 Mar 2025

In March 2025, Mumbai (Maharashtra) based DBS Bank India, a prominent player in the Indian banking sector, announced the appointment of Ambuj Chandna as its new Managing Director (MD) & Head of Consumer Banking Group.

🎯 Key Highlights:

  • - He replaces Prashant Joshi, who joined DBS Bank India in August 2020.
  • - His appointment comes shortly after Rajat Verma took over as Chief Executive Officer (CEO) of DBS Bank India on March 1, 2025, replacing Surojit Shome.
  • - Ambuj Chandna previously served as President and Head of Consumer Bank (Products) at Mumbai (Maharashtra)-based Kotak Mahindra Bank (KMB) Limited.

💡 Other Important Facts:

  • (i) During his 16-year tenure at KMB, Ambuj Chandna held several key leadership roles, including President - Consumer Assets, Head Consumer Assets, and Senior Executive Vice President (EVP) & Head Retail Liabilities, Investments, and Payments Products.
  • (ii) Before joining KMB, he was associated with ING Vysya Bank (now merged with KMB), where he held key roles such as Chief Distribution Officer (CDO) - Retail Liabilities, Group Head Branch Banking, and Group Head Marketing, Liabilities, and Direct Channels.
  • (iii) His prior experience includes senior leadership roles at Fullerton Financial Holdings (FFH) Private Limited in the United Arab Emirates (UAE), Citibank N.A. India, Deutsche Bank, Standard Chartered Bank (SCB), and GE TFS Limited (now known as GE Vernova T&D India Limited).

📚 Test Your Knowledge:

Who was recently appointed as the MD & Head of Consumer Banking Group at DBS Bank India?

Correct Answer: Ambuj Chandna

🚀 Quick Recap: