Managing Director & CEO
Rajat joined DBS to head Institutional Banking for India in June 2023 and took over as CEO of DBS Bank India in March 2025. He is a member of the Group Management Committee.
While leading IBG for DBS Bank India, he grew the business significantly across all client segments, deepening large corporate relationships across major conglomerates and expanding the SME franchise. Under his leadership, DBS was named the Best Bank for Sustainable Finance – India by Global Finance in 2024.
A seasoned banker, Rajat has a 27-year track record across consumer and corporate banking including transactional banking, financial institutions, sustainable finance, micro and SME banking, as well as branch banking.
Prior to joining DBS, Rajat had a very successful career in HSBC India, where he built experience across businesses, holding pan-India responsibilities since 2008. He ended his tenure there as Managing Director and Country Head of Commercial Banking, HSBC India, a role he held from 2016 to 2022.
Rajat holds an MBA from the Indian Institute of Management, Lucknow, and a Bachelor of Electrical Engineering degree from the Delhi College of Engineering
Asia’s Safest Bank, 2009 – 2024, Global Finance
Best Bank in the World 2022, Global Finance
World’s Best Bank 2021, Euromoney
India’s Best International Bank 2021, Asiamoney
World’s Best Banks - #1 in India 2021, Forbes
World’s Safest Commercial Bank 2021, Global Finance
