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DBS Bank eyes Indian SME sector

Hopes to increase its SME customer base by 30-40% in the current year

Hrishikesh Joshi  |  Pune 

Singapore-based DBS Bank hopes to increase its SME customer base by 30-40% in the current year with its new product offerings.  "In FY16, we have had a good growth in the SME segment including addition of a number of new clients availing our SME solutions. We grew our lending books by about 30% in the last financial year. We are set to increase SME contribution in the overall DBS India books to over 10% in the current financial year. We want to become a subsidiary in India so that we can grow and focus on the small and medium enterprise (SME) business, a very small ...

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DBS Bank eyes Indian SME sector

Hopes to increase its SME customer base by 30-40% in the current year

Hopes to increase its SME customer base by 30-40% in the current year Singapore-based DBS Bank hopes to increase its SME customer base by 30-40% in the current year with its new product offerings.  "In FY16, we have had a good growth in the SME segment including addition of a number of new clients availing our SME solutions. We grew our lending books by about 30% in the last financial year. We are set to increase SME contribution in the overall DBS India books to over 10% in the current financial year. We want to become a subsidiary in India so that we can grow and focus on the small and medium enterprise (SME) business, a very small ... image
Business Standard
177 22

DBS Bank eyes Indian SME sector

Hopes to increase its SME customer base by 30-40% in the current year

Singapore-based DBS Bank hopes to increase its SME customer base by 30-40% in the current year with its new product offerings.  "In FY16, we have had a good growth in the SME segment including addition of a number of new clients availing our SME solutions. We grew our lending books by about 30% in the last financial year. We are set to increase SME contribution in the overall DBS India books to over 10% in the current financial year. We want to become a subsidiary in India so that we can grow and focus on the small and medium enterprise (SME) business, a very small ...

image
Business Standard
177 22