DBS Bank India opens new flagship branch in Coimbatore catering to the affluent segment

India, 12 Feb 2025 - DBS Bank India has announced the opening of its newest flagship branch in Coimbatore, Tamil Nadu today. The branch, located on Avinashi Road will be the bank’s sixteenth in the city, where the full suite of offerings will be available to service High Net Worth (HNI) clients, Small and Medium Enterprises (SMEs) as well as large corporates. As a premium branch, it will cater to NRI and private banking clients through its DBS Treasures proposition which has recently been enhanced with a comprehensive suite of bespoke benefits and cross-border solutions.

Coimbatore, a hub for textiles, engineering, and automotive industries, is a key market for DBS Bank India as it seeks to expand its customer base of SMEs with a comprehensive portfolio encompassing current account services, trade and FX solutions, and working capital facilities. Business owners, including of export-oriented enterprises, can further leverage the deep Asian network that DBS has developed as the largest bank in Southeast Asia. With Coimbatore’s burgeoning real estate market, one of the key products on offer will be Consumer Loan Against Property (CLAP) to help meet the rising demand of small businessmen for loans against residential and commercial assets.

Coimbatore is known to be a preferred destination for retirees and pensioners, and the bank will be servicing this segment with its customised proposition known as ‘DBS Golden Circle’. This inclusive offering has been designed keeping in mind the specific needs of older citizens with features like higher deposit rates, discounts on lockers and other products. The offering also includes healthcare benefits, cyber insurance protection, a 24*7 banking helpline, along with other priority services.

Commenting on the branch inauguration, Bharath Mani, Managing Director & Head - National Distribution, DBS Bank India said, “Coimbatore’s unique business environment, diverse customer base, coupled with its growing internet and mobile penetration makes it a strategic center for DBS. Our phygital network of 16 branches in the city and range of digital solutions empower customers with seamless solutions that help them to ‘Live more, Bank, less’. With this latest branch launch, we look forward to being the bank of choice for more clients, be they HNIs including NRIs, SMEs including export-oriented enterprises, small businesses and older citizens across Coimbatore.”

DBS has been named the 'Safest Bank in Asia' by Global Finance for 16 consecutive years (2009-2024) as it continues to build resilience across markets. In 2023, the bank launched the DBS Vantage card, an invite-only, super premium credit card with a host of benefits, including complimentary memberships to luxury hotels, a bespoke rewards programme, and unmatched global travel benefits.

 

 

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. In 2024, CRISIL Ratings reaffirmed its ‘CRISIL AAA/Stable’ rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at ‘CRISIL A1+’. 

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 16 consecutive years from 2009 to 2024. In line with its focus on responsible banking, DBS was named the Best Bank for Sustainable Finance – India by Global Finance in 2024. 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 30 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. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them ‘Live more, Bank less’. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited.

DBS is committed to building lasting relationships with customers as it banks the Asian way and understands the intricacies of doing business in the region’s most dynamic markets. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises 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 underserved communities with future-ready skills and helping them to build food resilience.

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 Kashni Kadakia kashni.kadakia@adfactorspr.com   9820562269