Ambuj Chandna, a senior executive at Kotak Mahindra Bank, has decided to join DBS Bank India as a managing director and head of the bank’s wholesale banking operations. Chandna, who has over 25 years of experience in the banking industry, will report to DBS Bank India’s managing director, Surojit Shome.
Chandna was previously the executive president and whole-time director at Kotak Mahindra Bank, where he was responsible for leading the bank’s corporate banking business. Under his leadership, Kotak Mahindra Bank’s corporate banking business grew significantly, and the bank’s corporate relationships expanded to new markets and industries.
Ambuj Chandna has a wealth of experience in the banking industry, having worked with top banks in India, including ICICI Bank and Yes Bank, before joining Kotak Mahindra Bank. He has a deep understanding of the Indian banking landscape and has built strong relationships with corporate clients across various sectors.
Chandna’s appointment is seen as a strategic move by DBS Bank India to strengthen its wholesale banking operations in the country. With his extensive experience and knowledge of the Indian banking industry, Chandna is expected to play a key role in helping DBS Bank India achieve its growth ambitions in the country.
In a statement, DBS Bank India said that Chandna’s appointment is part of the bank’s efforts to strengthen its leadership team and expand its presence in the Indian market. The bank aims to continue to grow its presence in India, particularly in the wholesale banking segment, and Chandna’s appointment is seen as a significant step in this direction.
Kotak Mahindra Bank also announced that Chandna’s responsibilities would be taken over by its existing leadership team, and the bank would continue to focus on its growth strategy in the corporate banking segment.