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DBS Bank India opens new branch at Kolkata's Russell Street

DBS Bank India opens new branch at Kolkata's Russell Street

| @indiablooms | 29 Nov 2023, 01:14 am

Kolkata: Private sector lender DBS Bank India has opened a new branch at Kolkata’s Russell Street.

The newly relocated branch was inaugurated by R.S. Goenka, Co-Founder of Emami Group and Non-Executive Chairman of Emami Limited, alongside other marquee clients of the bank.

The bank’s flagship branch offers a comprehensive portfolio of financial products and services for large corporates, medium, and small enterprises, as well as retail and HNI customers.

DBS Bank India has a vast network, with approximately 530 branches spread across 19 states and 350 locations in India.

This includes 16 branches operating in Eastern India, with 5 branches in Kolkata.

Commenting on the branch's inauguration, Bharath Mani, Executive Director and head of National Distribution at DBS Bank India, said, "With its diverse trade and economic profile, Kolkata holds a unique position in the Eastern Indian market. It enables us to cater to the diverse requirements of corporates through our comprehensive suite of trade and foreign exchange solutions. We also aim to enhance our engagement with retail customers and enterprises in the city and look forward to leveraging the opportunities it has to offer.”

DBS Bank India offers solutions across corporate banking, cash management, trade & supply chain, and treasury & markets.

These offerings help enterprises navigate the business landscape effectively while financing their growth, managing risk, and transacting more efficiently.

DBS Bank India offers an interest rate of 7% per annum on savings account balances ranging from Rs 4 lakh to Rs 5 lakh while offering 7.50% per annum interest on fixed deposits and 8% per annum interest for senior citizens on deposits from 30 to 36 months.

DBS Bank India offers insurance services, NRI banking, FX solutions, asset management, and exclusive benefits like emergency medical Assistance for loved ones.

This year, the bank launched the DBS Vantage card, an invite-only, super premium credit card that offers a range of privileges including complimentary memberships to luxurious hotels, a bespoke rewards program, and unmatched global travel benefits.

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