In a strategic move aimed at bolstering its operations and accelerating growth in the Indian market, DBS Bank India has announced two key leadership appointments. Ambuj Chandna has taken over as Managing Director and Head of the Consumer Banking Group, while Santanu Mitra has been named Managing Director and Country Head for Corporate Banking (Large and Midcap).

These significant appointments underscore DBS’s commitment to leveraging its digital capabilities and deepening its presence in one of its core markets.

Ambuj Chandna, a seasoned banking professional with over 25 years of experience, succeeds Prashant Joshi in leading the bank’s consumer banking vertical. Prior to joining DBS, Chandna was President and Head of Consumer Assets at Kotak Mahindra Bank, where he played a pivotal role in expanding the bank’s retail footprint and product offerings. In his new role, he will oversee retail banking, DBS Treasures (wealth management), digital banking initiatives, and customer acquisition strategies. His previous stints include leadership roles at ING Vysya Bank, Fullerton Financial Holdings, and Citibank. Chandna holds an MBA from the Institute of Management Studies, Indore, and a Master’s degree in Strategic Marketing Leadership from Henley Business School, London.

Meanwhile, Santanu Mitra steps into his new role after serving as MD and Head of the Digital Economy Group at DBS Bank Singapore. With over two decades of experience, Mitra has been instrumental in expanding DBS’s footprint in the Technology, Media, and Telecommunications (TMT) sectors across India, Singapore, and the U.S. He also led the launch of DBS’s Digital Economy business in 2020. In his new role, Mitra will drive institutional banking for large and midcap corporates, focusing on digital-first strategies and client-centric solutions. He is an alumnus of IIM Ahmedabad and IIT Kharagpur.

Both Chandna and Mitra will report to Rajat Verma, CEO and Managing Director of DBS Bank India. Commenting on the appointments, Verma said, “India is one of DBS’ priority markets, and over the last three decades, we’ve built a strong foundation here. These new leadership roles will further strengthen our momentum, helping us serve customers more holistically by combining our digital expertise, physical reach, and Asian network. We are excited to have Ambuj and Santanu onboard and are confident in their ability to drive the next phase of our growth.”

The appointments reflect DBS Bank India’s focus on nurturing innovation and fostering sustainable growth in the dynamic Indian banking ecosystem.