India, 29 Jul 2020 - DBS Bank India has extended support to 7,000 households across 7 remote villages of the Kolhapur district by providing essential supplies in this difficult time of COVID-19. The bank has distributed these supplies across Umalwad, Ambap, Nigave Dumalla, Danwad, Khochi, Sulkud and Boravade. The initiative is aimed at complementing the Government’s relief efforts.

DBS Bank India donated items like pulses, cooking oil, and personal hygiene articles to help marginalised sections of the society affected by the pandemic. The local employees of the bank supported in distributing the supplies and worked closely with local authorities to ensure social distancing norms were followed.

Priyashis Das, Executive Director - Branch Banking and Wealth Management, DBS Bank India said, “We, at DBS Bank India, stand in solidarity with the nation in the fight against COVID-19. DBS operates branches in seven unbanked rural centers within the Kolhapur region. Recognizing the challenges faced by the local households and those impacted due to the lockdown, we have extended our support and distributed essential items in these areas. We have been committed to making valuable contributions to the society and will continue to support underserved communities in the rural centers.”

DBS Bank India has committed to provide 2 million meals to the underprivileged affected by the pandemic, in partnership with organisations such as The Akshaya Patra Foundation, United Way Mumbai, Pratham Mumbai Education Initiative, Goonj, and Ola Foundation. The bank has also partnered with United Way Mumbai, and others to provide ventilators, medical supplies and equipment, and sponsor free testing for the underprivileged. The efforts are a part of ‘DBS Stronger Together’, a global initiative by the bank.

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About DBS  

Headquartered and listed in Singapore, DBS Group is a leading financial services group in Asia with presence in 18 countries. DBS Group’s “AA-” and “Aa1” credit ratings are among the highest in the world. DBS Bank has been present in India for 25 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, 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 eleven consecutive years from 2009 to 2019.

DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it connects customers and markets across Asia. DBS Group’s Foundation works closely with social enterprises across all its key markets in Asia.

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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