ABOUT DBS

DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. DBS is at the forefront of leveraging digital technology to shape the future of banking, and was named “World’s Best Digital Bank” by Euromoney in 2016. The bank has also been recognised for its leadership in the region, having been named “Asia’s Best Bank” by several publications including The Banker, Global Finance, IFR Asia and Euromoney since 2012. In addition, the bank has been named “Safest Bank in Asia” by Global Finance for nine consecutive years from 2009 to 2017.

DBS has 12 branches in India, with its headquarters in Mumbai. It is the fifth-largest foreign bank by assets in India, and the largest Singapore bank in the country. Apart from the range of offerings for corporates, SMEs and retail banking customers, DBS is known for its digital capabilities to making banking simpler.

DBS has rolled out a number of strategic initiatives over the past few years. In April 2016, it launched digibank, India’s first mobile-only bank, and has acquired around 1.5 million customers to date. In October 2016, the bank integrated its e-banking solution with India’s leading enterprise resource planning software, saving SME and corporate customers considerable time and effort. The innovative connected banking experience has enabled thousands of SME customers to seamlessly and conveniently make goods and services tax payments directly within the ERP platform. To strengthen its technological capabilities in the region, as well as support its digital banking strategy, DBS also established DBS Asia Hub 2, its largest technology hub outside Singapore, in Hyderabad last year.