DBS Bank India has enhanced its wealth management offering for Indian customers, targeting high-net-worth individuals (HNIs) and non-residents of India (NRIs).
The new offering will provide unified access to cross-border treasury services across key Asian markets, including Singapore, Hong Kong, Taiwan, Indonesia, and China.
The bank also opened its third branch in Indiranagar, Bengaluru, adding to its existing 26 DBS branches in Bengaluru, and strengthening its presence in the country.
The new branch will provide the bank’s HNI and NRI clients with access to domestic and global banking capabilities, building on its suite of offerings and cross-border solutions.
It will offer more exclusive and personalised services for the complex and evolving needs of affluent and NRI customers, along with business owners.
DBS Bank India wealth management and treasures head Richa Tripathi said: “Having been in India for over 30 years, DBS has developed a robust understanding of the preferences of high-net-worth Indians, both in the country and abroad.
“DBS Bank India’s large branch network, coupled with advanced digital expertise, supports its ‘phygital’ strategy, which can comprehensively serve the rapidly growing new wealth in India.
“At the same time, Bengaluru’s entrepreneurial ecosystem and rise in investable wealth make it an ideal market for piloting our premium banking products and propositions.”
DBS leveraged its presence across Asia and advanced digital capabilities to design a differentiated offering that supports its DBS Treasures customers.
It provides access to a full suite of customised wealth management solutions, experienced relationship managers, exclusive privileges, and the trusted advantage of the DBS network.
The full proposition includes preferential FX rates for international fund transfers, waived service fees, and zero ATM withdrawal fees,
Recently, DBS signed a memorandum of understanding (MOU) with Japan Finance Corporation (JFC), a financial institution wholly owned by the Japanese government.
The MoU will support small and medium-sized enterprises (SMEs) in Japan.
It will enable DBS to provide financing support for SMEs expanding into key Asian markets, including China, Hong Kong, India, Indonesia, Singapore, and Taiwan.
