India, 27 Jan 2021 - LUCKNOW, 14 January 2021 – DBS Bank India Limited (DBIL) today announced the launch of its first branch in Lucknow, the capital city of Uttar Pradesh. Located at Cyber Tower in Vibhuti Khand, Gomti Nagar, the branch offers a comprehensive portfolio of diversified financial products and services to small and medium businesses as well as consumer banking customers. DBS, which was named 'Safest Bank in Asia' for twelve consecutive years, has been on an ongoing journey to shape the future of banking.

Commenting on the launch, Prashant Joshi, Managing Director and Head of National Distribution, said, "Lucknow is an integral part of our India expansion strategy, and we are pleased to broaden access to our suite of banking products and solutions through our branch in the city. The city has witnessed a strong adoption of digital payments recently, augmented by sustained efforts from the state. We believe that our unique digital proposition complemented by our physical footprint enables us to be well-positioned to serve customers in the market.”

DBS Bank has designed solutions to cater to customers across their banking lifecycle, making banking simpler for time-strapped business owners. Some of the key solutions include, Express Business Account opening, DBS Digital Business Loans and a range of collection solutions including UPI Collect and NACH Debit Collections. The bank's customised offerings are complemented by the digital transaction platforms, such as IDEAL, for regular banking transactions and trade requirements, DealOnline, for online forex trading and Loan Servicing Portal, for enquires and status updates. DBS Bank offers an array of working capital and trade finance options, including FCY Term Loan, Packing Credit, Bank Guarantee, Letter of Credit, Foreign Currency Hedging, etc.

DBS 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. It introduced digibank in 2016 and has acquired ~1 million savings accounts since its launch. In addition to savings accounts, digibank provides unsecured loans and is the first to offer paperless onboarding for mutual fund investments from multiple fund houses. DBS also provides a compelling suite of services and wealth solutions through DBS Treasures. These include accelerated account opening services globally, an all-in-one digital banking and wealth management platform, remittance services and 40+ exclusive signature experiences and bespoke privileges to its customers. The bank recently introduced 'Travel Now', a one-stop travel marketplace within the digibank app that enables customers to browse and book flights, bus tickets, and hotels. It also allows them to opt for travel insurance with an automated claims process for flight cancellation, and flight departure and arrival delays of over 60 minutes.

About DBS

DBS is a leading financial services group in Asia with a presence in 18 markets. Recognised for its global leadership, DBS has been named "World's Best Bank" by Euromoney, "Global Bank of the Year" by The Banker and "Best Bank in the World" by Global Finance. DBS was also ranked No 1 in India by Forbes in its 2020 list of the World's Best Banks.

DBS Bank has been present in India for 26 years, having opened its first office in Mumbai in 1994. DBS Bank India Limited is first among the large foreign banks in India to start operating as a wholly-owned, locally incorporated subsidiary of a leading global bank. DBS provides an entire range of banking services for large, medium and small enterprises and to individual consumers in India. In 2016, DBS launched India's first, mobile-only bank – digibank, which now has ~1 million savings accounts.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets. DBS is committed to building lasting relationships with customers and positively impacting communities through supporting social enterprises as it banks the Asian way. It has also established an SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia. 

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all our 30,000 staff representing over 40 nationalities. For more information, please visit www.dbs.com.