DBS Bank India appoints Prashant Joshi as Managing Director and Head of National Distribution

By Edil Corneille

DBS Bank India announced the appointment of Prashant Joshi as Managing Director & Head of National Distribution. Joshi 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.

Surojit Shome, Managing Director & CEO, DBS Bank India enthused, “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.”

Joshi 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, Joshi worked with Deutsche Bank for eight years and was responsible for creating a successful retail banking franchise. He is said to have created high quality, profitable SME and retail assets businesses at Standard Chartered Bank and IDBI Bank respectively. For the first decade of his career, Joshi 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.