Friday, Apr 19 2024 | Time 00:30 Hrs(IST)
image
Business EconomyPosted at: Nov 21 2019 7:01PM


DBS Bank to set up 30 more touchpoints across 25 cities in India in next 6-12 months

Hyderabad, Nov 21 (UNI) DBS Bank India Limited (DBIL), the wholly owned subsidiary of DBS Bank Limited., Singapore and part of Asia’s leading financial services group, DBS Group Holdings Limited., on Thursday announced to establish 30 more customer touchpoints across 25 cities in the country in the next 6-12- months.
Addressing a press conference, DBS Bank India Limited Head ( Branch Banking and Wealther Management, Consumer Banking) Priyashis Das said currently, we have over 70 customer touchpoints – a combination of branchers and e-kisoks in the country.
The bank underlined its commitment to India and highlighted its focus on Hyderabad as a key market in its expansion strategy, he said it had inaugurated its first branch in Hyderabad earlier this year and is also inaugurating an experience centre at Serlingampally mandal in Hyderabad with the aim of providing last mile access to customers.
Hyderabad is an integral part of our India branch network and expanding our presence in the city has enabled us to further strengthen, Mr Das said the market has demonstrating strong growth, adding to over 30 per cent of our new customer base, from the new geographies where we have launched since March, 2019.
The Bank aims to double its Global Indian customer base in the FY20, he claimed and said that at present, 25 per cent of DBS’ wealth management customers in Hyderabad are global Indians.
DBIL will accelerate its growth plans, expand its operations through a ‘ phygital’ model to further serve large corporates, small and medium enterprises (SMEs) and individuals customers, Mr Das said.
The bank introduced digibank Remit, a remittance platform that facilitates money transfer across 40 countries, including USA, UK, Australia and Singapore, without any hidden or additional fees, he said.
According to the ‘2020 Foresight: NRI report by Wealthinsight, out of 31.9 million global Indians, 236,000 are millionaries with average wealth USD 8 million while as per World Bank, India received USD 79 billion worth of inward remittance in 2018 and set USD 11.3 billion abroad through Liberalised Remittance Scheme (LRS), the DBS Bank Head said.
UNI KNR CS 1900
Please log in to get detailed story.
Tags: #DBS Bank to set up 30 more touchpoints across 25 cities in India in next 6-12 months
More News

Bajaj Auto net profit at Rs 1936 cr in Q4; clocks all-time high revenue in FY24

18 Apr 2024 | 6:46 PM

New Delhi, Apr 18 (UNI) Two wheeler auto major Bajaj Auto on Thursday announced 29 percent jump in its revenue in Q4 (January-March) at 11,485 crore, led by the broad based buoyancy that was sustained on the domestic business and aided by steady exports.

see more..

Entering share market can boost growth of SMEs: Infopark event

18 Apr 2024 | 6:31 PM

Kochi, Apr 18 (UNI) Small and marginal companies in Kerala enjoy immense scope for growth by entering the stock market, experts said at an Infopark-organised event here on Thursday.

see more..

18 Apr 2024 | 6:09 PM

New Delhi, Apr 18 (UNI) Angle One, a retail stock broking house in India, today announced 31 per cent jump in net profit at Rs 340 crore during Q4 of the last financial year over Rs 260.3 crore in the previous quarter.

see more..

Microsoft and ByteXL join hands to Present HackXcelerate 2024 at CBIT in Hyderabad

18 Apr 2024 | 5:57 PM

Hyderabad, Apr 18 (UNI) Microsoft, a global technology leader, has joined hands with ByteXL, a pioneering EdTech platform, to present HackXcelerate 2024, a nationwide hackathon aimed at igniting creativity and enhancing problem-solving skills among students.

see more..

Honda Motorcycle & Scooter India inaugurates new Engine Assembly Line for CKD exports

18 Apr 2024 | 5:46 PM

Gurugram, Apr 18 (UNI) Honda Motorcycle & Scooter India (HMSI), one of the country’s leading two-wheeler manufacturers, has announced a significant milestone in its journey.

see more..
image