DBS Bank Inaugurates its First Branch in Jaipur

Jaipur. DBS Bank India Limited (DBIL) today launched its first branch in Jaipur. Located at Shakhar Marg, Lal Kothi, the branch will offer comprehensive portfolio of diversified financial products and services, to cater to the evolving banking needs of small and medium businesses, as well as retail customers. Earlier this year, DBS had marked significant milestone in its India journey, with the establishment of its wholly owned subsidiary, DBS Bank India Limited (DBIL). Through DBIL, the bank aims to accelerate its growth plans and build greater scale in India.

DBS, which was named ‘Best Bank in the World’ in 2018 and 2019, has been on an ongoing journey to shape the future of banking. The bank has designed end-to-end digitised solutions to seamlessly interweave banking into a customer’s everyday life, by making it a part of their ecosystem.

Commenting on the launch, Priyashis Das, Head – Branch Banking & Wealth Management- Consumer Banking, DBS Bank India Limited said, “We are delighted to expand access to our banking services in the state of Rajasthan, with the inauguration of our first branch in Jaipur. Jaipur is an integral part of our expansion strategy and we look forward to strengthening our relationships with our customers in the market. The city has witnessed a rapid transformation over the past few years, augmented by efforts of the Government to boost the innovation and entrepreneurship ecosystem. With the market is poised to grow further, we are bullish on the opportunities ahead.”

L-R- Priyashis Das, Head- Branch Banking and Wealth Management, Lokesh Sharma- Regional Head (North)- Institute banking group and Sudarshan Chari, Head- Business Banking, DBS Bank India

Commenting on DBS’ plans for SMEs in Jaipur, Sudarshan Chari, Head- Business Banking, DBS Bank India Limited said, “We, at DBS are committed to empowering local businesses and supporting the Indian SME growth story. Through our proposition, we aim to enhance the ease of doing business and enable SMEs to leverage greater opportunities for business expansion. The launch of our Jaipur branch enables us to strengthen our footprint and serve local SMEs better. We believe that our deep understanding of the nuances of Indian SMEs and 50 year legacy of serving enterprises globally will allow us to pave the way for future growth for these enterprises.”

For businesses, DBS has designed solutions that cater to the entire banking life cycle and make banking simpler and invisible for time-strapped business owners. These include express account opening, digi business loans, a range of collection solutions to trade-related services and solutions for their other transaction needs. Earlier, DBS had also entered into a partnership with Tally Solutions in 2017 to launch a first-of-its-kind connected banking platform to enable convenient GST payments and accounting processes for SMEs.

In 2016, DBS launched India’s first fully digital bank, digibank, with aim to deliver an entire bank in a smartphone. Since its launch, digibank has acquired 2.5 million customers. In addition to savings accounts, digibank also provides unsecured loans and is the first to offer paperless on boarding for mutual fund investments from multiple fund houses.

As one of Asia’s premier banking destinations, DBS offers a compelling suite of services and wealth solutions through DBS Treasures. These include accelerated account opening services globally, an all-in-one one digital banking and wealth management platform, remittance services and 40+ exclusive signature experiences and bespoke privileges, including global travel and medical assistance programs, overseas education consulting and property management services for Global Indians.

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