Rajat Verma has a 27-year track record across consumer and corporate banking including transactional banking, financial institutions, sustainable finance, micro and SME banking, as well as branch banking. File

The Reserve Bank of India has approved the proposal to appoint Rajat Verma as the new CEO of DBS Bank India.

Mr. Verma, currently Head of Institutional Banking Group (IBG), will succeed Surojit Shome, who retires on February 28, 2025, DBS Bank India said in a statement on Monday (December 30, 2024).

A seasoned banker, Mr. Verma has a 27-year track record across consumer and corporate banking including transactional banking, financial institutions, sustainable finance, micro and SME banking, as well as branch banking, it said.

Since joining DBS as Head of IBG in June 2023, he has significantly grown the business across all client segments, it said.

Electric commercial vehicle maker PMI Electro on July 25 said it has appointed Aanchal Jain as the Chief Executive Officer (CEO).

Her appointment will help the company steer through new challenges faced by large electric vehicle OEMS in terms of fast-paced growth and capex-hungry financing requirements, PMI Electro said in a statement.

“It gives us pride to bring the second rung of leadership at the company with global experience and perspective,” said Satish Jain, Chairman and Managing Director of PMI Electro.

Ms. Jain holds a Ph.D. in Economics from Northwestern University and an MSc. in Economics from The London School of Economics and Political Science (LSE), according to the statement.

With an extensive product portfolio, the original equipment manufacturer (OEM), is developing 7-metre, 9-metre, and 12-metre electric buses at its Delhi-NCR facility, which has a capacity to produce 1500 eCVs.

The company has over 1,180 e-buses currently operating across 28 cities in the country, as per the statement.