Ambuj Chandna, a seasoned banking professional with decades of experience, has joined DBS Bank India as Managing Director and Head of the Consumer Banking Group. Chandna brings with him a wealth of knowledge in retail banking, having previously served as President and Head of Consumer Bank (Products) at Kotak Mahindra Bank. His new role at DBS Bank India marks a significant leadership transition under the newly appointed CEO, Rajat Verma.
Chandna’s extensive career in the banking sector spans several leading financial institutions, including Kotak Mahindra Bank, Deutsche Bank, Standard Chartered Bank, ING Vysya Bank, and Citibank. At Kotak Mahindra Bank, he played a pivotal role in leading the consumer banking segment for nearly 17 years, overseeing key areas such as consumer assets and retail liabilities. His expertise in retail lending and digital banking solutions has made him a respected leader in the industry.
Chandna steps into his new position following the departure of Prashant Joshi, who had been with DBS Bank India since August 2020. Joshi had joined the bank around the time of its acquisition of Lakshmi Vilas Bank and had been instrumental in integrating the distressed bank into DBS Bank India’s operations. While Joshi’s next move remains undisclosed, Chandna’s appointment signals a fresh phase of leadership at DBS Bank India’s consumer banking division.
DBS Bank India, a subsidiary of Singapore’s largest bank, has been expanding its presence in the Indian market with a strong focus on digital banking and customer-centric financial solutions. Under the leadership of Rajat Verma, who took charge as CEO in March 2025, the bank is set to bolster its retail banking segment. Chandna’s appointment aligns with DBS Bank India’s strategic goals of enhancing customer engagement and driving growth in the consumer banking space.
While DBS Bank India has yet to make an official announcement, Chandna has confirmed his new role via an update on his LinkedIn profile. His transition from Kotak Mahindra Bank to DBS Bank India marks a significant career move, reinforcing DBS Bank’s commitment to strengthening its leadership team in India.