DBS Bank nominates Rajat Verma to be next India CEO, sources say

DBS Bank India is set to have a new CEO. Rajat Verma, the current head of institutional banking, has been nominated for the role. Verma will replace Surojit Shome, who is retiring. Shome has been at the helm of DBS Bank India since 2015. The nomination has been submitted to the Reserve Bank of India for approval.