DBS has been named the 'Safest Bank in Asia' by Global Finance for 15 consecutive years and brings strong global expertise matched with a deep understanding of India. DBS Bank India has a vast network, with approximately 530 branches spread across 19 states and 350 locations in India. This includes 16 branches operating in Eastern India, with 5 branches in Kolkata. The bank has established a unique 'phy-gital' (physical plus digital) model in the country. Commenting on the branch's inauguration, Bharath Mani, Executive Director & Head of National Distribution at DBS Bank India, said, "With its diverse trade and economic profile, Kolkata holds a unique position in the Eastern Indian market. Our flagship branch bolsters our presence in the city and helps us further strengthen our relationship with clients in the institutional banking segment. It enables us to cater to the diverse requirements of corporates through our comprehensive suite of trade and foreign exchange solutions. We also aim to enhance our engagement with retail customers and enterprises in the city and look forward to leveraging the opportunities it has to offer.”DBS Bank India offers bespoke solutions across corporate banking, cash management, trade & supply chain, and treasury & markets. These offerings help enterprises navigate the business landscape effectively while financing their growth, managing risk, and transacting more efficiently. The bank leverages the power of ecosystems and technology to help clients connect across the value chain that drive efficiency and synergies for growth. It also offers an online credit solutions platform, "DBS Digital Business Loans," which ensures easy access to business credit for the entire spectrum of micro, small, and medium-sized enterprises.DBS Bank India offers an industry-leading interest rate of 7% per annum on savings account balances ranging from ₹4 lakh to ₹5 lakh while offering 7.50% per annum interest on fixed deposits and 8% per annum interest for senior citizens on deposits from 30 to 36 months. Through its premium banking and wealth management proposition, ‘DBS Treasures’ the bank provides customers with a diverse range of investment options, including mutual funds, portfolio management services, and alternate funds. Additionally, DBS Bank India offers insurance services, NRI banking, FX solutions, asset management, and exclusive benefits like emergency medical Assistance for loved ones. This year, the bank launched the DBS Vantage card, an invite-only, super premium credit card that offers a range of privileges including complimentary memberships to luxurious hotels, a bespoke rewards program, and unmatched global travel benefits.
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About DBS
DBS is a leading financial services group in Asia with a presence in 19 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.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney, and “Global Bank of the Year” by The Banker. 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 and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 15 consecutive years from 2009 to 2023. Additionally, DBS Bank was ranked among the top 3 on Forbes' list of the World's Best Banks in India for three consecutive years, from 2020 to 2022.
DBS Bank has been present in India for 29 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the 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 a range of banking services for large, medium, and small enterprises and individual consumers in India. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. The bank now has a network of ~530 branches in 19 Indian states.
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, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience. In 2020, DBS introduced the "Towards Zero Food Waste" initiative as part of a global sustainability practice to encourage a shift in behaviours and mindsets to reduce food waste.With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
Media Contacts:
DBS Bank India
Rohini Rego
rohinirego@dbs.com
99305 49207
Adfactors PR
Chennakeshav Shenoy
Ck.shenoy@adfactorspr.com
9819266998
