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News - Oct 2016
25th Aug 16 DBS Bank eyes Indian SME sector
DBS Bank is looking forward to increase its SME customer base by 30-40% in the current fiscal year with its new product offerings. The bank offers a wide variety of asset and liability side products to its SME customers. The bank is primarily focusing on the chemicals, auto and auto ancillary and pharmaceuticals sector for extending their loans.
03rd Aug 16 DBS Bank keen on expanding digital offerings in India, says CEO Gupta
DBS Bank will launch a complete digital platform named Digibank in India for lending to SMEs by the end of this year. India will be the first market to launch digital SME platform by the bank in line with its strategic focus of expanding SME lending in India. DBS bank is also looking to open 48 more branches in India in the coming years if they get regulatory approval by the government.
28th Apr 16 DBS taps digital platform to grow retail banking operations
DBS Bank is looking to grow its retail banking operation using digital channels. DBS launched a mobile only bank on Tuesday and aims to garner 5 million customers and a deposit base of Rs.50000 crore over the next five years. The DBS mobile application named digibank will allow individuals to access a wallet at first and then open a savings deposit account with the bank. The balance in the account will earn 7% interest per annum.