DBS Bank India announced the appointment of Prashant Joshi as Managing Director & Head of National Distribution today.
He brings with him close to three decades of experience in the banking sector across consumer, SME and corporate banking with leading banks and financial institutions. He will report to Surojit Shome, Managing Director & CEO of DBS Bank India Limited.
Commenting on the announcement, Surojit Shome, Managing Director & CEO, DBS Bank India said, 'The bank is on a strong growth trajectory and we are very pleased to have Prashant on board to accelerate this momentum. His deep understanding and experience in both retail and SME segments will be invaluable to the bank's growth plans as we expand our footprint across India.'
Prashant joins DBS Bank India from IndoStar Capital Finance, where he held the position of Chief Operating Officer and was responsible for setting up the SME and affordable housing finance business. Apart from this he also managed the Operations & Technology platforms for all businesses.
Prior to IndoStar Capital Finance, Prashant has worked with Deutsche Bank for eight years and was responsible for creating a successful retail banking franchise. He has also created high quality, profitable SME and retail assets businesses at Standard Chartered Bank and IDBI Bank respectively. For the first decade of his career, Prashant worked in project finance and corporate finance at ICICI Limited and Rabo India Finance (a Rabobank subsidiary). He holds a bachelor's degree in Commerce from the University of Bombay and is a qualified cost accountant and also has a Postgraduate Diploma in Management from the Indian Institute of Management, Calcutta.
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About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's 'AA-' and 'Aa1' credit ratings are among the highest in the world.
DBS Bank has been present in India for 26 years, having opened its first office in Mumbai in 1994. DBS Bank India Limited is first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. DBS provides the entire range of banking services for large, medium and small enterprises and to individual consumers in India. In 2016, DBS had launched India's first, mobile-only bank - digibank k, which now has over 2.6 million customers. Currently present across 24 cities, the Bank has been expanding its presence across India since converting to a wholly owned subsidiary. The Bank intends to further expand its presence within the existing cities as well as new locations with over 100 customer touchpoints.
Recognised for its global leadership, DBS has been named 'World's Best Bank' by Euromoney, 'Global Bank of the Year' by The Banker and 'Best Bank in the World' by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named 'World's Best Digital Bank' by Euromoney. In addition, DBS has been accorded the 'Safest Bank in Asia' award by Global Finance for 11 consecutive years from 2009 to 2019.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 29,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.
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For more information, contact:
Anand Mugad
DBS Bank India Limited
Email: anandmugad@dbs.com
Mobile: +91 - 97733 99244
Ankit Nanavati
DBS Bank India Limited
Email: ankitnanavati@dbs.com
Mobile: +91 - 9920058800
INDOSTAR CAPITAL FINANCE LIMITED 
