DBS Bank India CEO To Retire

MUMBAI: DBS Bank India Limited, the wholly owned subsidiary of DBS Bank Ltd., announced today that Surojit Shome, MD & CEO of DBS Bank India, will be retiring on 28 February 2025.  DBS Bank has been present in India for 30 years, opening its first office in Mumbai in 1994.

Following a successful career at the helm of DBS Bank India since April 2015, Surojit Shome indicated his desire to retire some time back and has worked with the DBS Bank India board and DBS Group management to identify potential successors.

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DBS Bank India is currently awaiting RBI approval on the successor and will make an announcement once regulatory approvals are in place.

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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 2024, 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 line with its focus on responsible banking, DBS was named the Best Bank for Sustainable Finance – India by Global Finance in 2024.

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’.

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