DBS Bank India opens new flagship branch in Coimbatore catering to the affluent segment
FinTech BizNews Service
Mumbai, February 12, 2025: DBS Bank India has announced the opening of its newest flagship branch in Coimbatore, Tamil Nadu today. The branch, located on Avinashi Road will be the bank’s sixteenth in the city, where the full suite of offerings will be available to service High Net Worth (HNI) clients, Small and Medium Enterprises (SMEs) as well as large corporates. As a premium branch, it will cater to NRI and private banking clients through its DBS Treasures proposition which has recently been enhanced with a comprehensive suite of bespoke benefits and cross-border solutions.
Coimbatore, a hub for textiles, engineering, and automotive industries, is a key market for DBS Bank India as it seeks to expand its customer base of SMEs with a comprehensive portfolio encompassing current account services, trade and FX solutions, and working capital facilities. Business owners, including of export-oriented enterprises, can further leverage the deep Asian network that DBS has developed as the largest bank in Southeast Asia. With Coimbatore’s burgeoning real estate market, one of the key products on offer will be Consumer Loan Against Property (CLAP) to help meet the rising demand of small businessmen for loans against residential and commercial assets.
Coimbatore is known to be a preferred destination for retirees and pensioners, and the bank will be servicing this segment with its customised proposition known as ‘DBS Golden Circle’. This inclusive offering has been designed keeping in mind the specific needs of older citizens with features like higher deposit rates, discounts on lockers and other products. The offering also includes healthcare benefits, cyber insurance protection, a 24*7 banking helpline, along with other priority services.
Commenting on the branch inauguration, Bharath Mani, Managing Director & Head - National Distribution, DBS Bank India said, “Coimbatore’s unique business environment, diverse customer base, coupled with its growing internet and mobile penetration makes it a strategic center for DBS. Our phygital network of 16 branches in the city and range of digital solutions empower customers with seamless solutions that help them to ‘Live more, Bank, less’. With this latest branch launch, we look forward to being the bank of choice for more clients, be they HNIs including NRIs, SMEs including export-oriented enterprises, small businesses and older citizens across Coimbatore.”
DBS has been named the 'Safest Bank in Asia' by Global Finance for 16 consecutive years (2009-2024) as it continues to build resilience across markets. In 2023, the bank launched the DBS Vantage card, an invite-only, super premium credit card with a host of benefits, including complimentary memberships to luxury hotels, a bespoke rewards program, and unmatched global travel benefits.
