Ambuj Chandna appointed as Managing Director and Head of the Consumer Banking Group at DBS Bank India has confirmed Ambuj Chandna as the new Managing Director and Head of the Consumer Banking Group, a strategically important step for the bank. The veteran of the financial sector, Chandna, has been designated the post of bank’s section that handles with personal banking, will lead a group of people on a mission to further consolidate its presence in the consumer banking segment. For example, he was a significant character in cementing the bank’s retail banking and consumer asset management strategies as the President and Head of Consumer Banking Products at Kotak Mahindra Bank before he took this role.
Chandna’s professional path has been filled with pivotal roles at the top banks worldwide, among them Deutsche Bank, Standard Chartered Bank, ING Vysya Bank, and Citibank. His areas of expertise cover retail lending, liabilities, and digital banking landscape, amongst others. The decision to take the position of Prashant Joshi as the previous CEO of the bank that had brought in Lakshmi Vilas Bank after acquisition, the promotion of Rajat Verma to the new CEO, indeed, foretells the beginning of a strategic leadership shift. Chandna comes after Prashant Joshi, who had entered the ranks of DBS in 2020 and whose unique contributions made the merger of Lakshmi Vilas Bank a success, was moved to a different role.
The whole process indicates the commitment of DBS Bank India to continuous growth and innovation in retail banking. During his time as the company’s manager, they want to make the customer’s interaction with the company even closer and to increase India market the retail bank sector.
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