DBS Bank to enter affordable home loan segment this fiscal
DBS Bank India on Tuesday said it will enter the affordable home loan segment by the end of this financial year as the lender looks to expand the retail portfolio. The bank is looking to launch the product during the fourth quarter.
DBS Bank India on Tuesday said it will enter the affordable home loan segment by the end of this financial year as the lender looks to expand the retail portfolio.
The bank is looking to launch the product during the fourth quarter, DBS Bank India Executive Director (Head-National Distribution) Bharath Mani said here.
"We are targeting mostly customers in Tier II and Tier III cities for this product," he said, adding that the bank will launch proprietary credit cards by June.
The proposed credit card would be targeted at affluent and super affluent segments, he said.
Currently, the bank has a co-branded credit card with Bajaj Finserv and a customer base of 2,00,000.
Meanwhile, DBS Bank India has announced a partnership with IndiaFilings, a leading platform for startups and small businesses in India.
The partnership will enable the bank to provide end-to-end financial services support to new companies and startups through a co-branded portal.
In a statement, the bank said the partnership reaffirms its commitment to serving startups profitably while finding new ways to deliver value.
A common challenge faced by new businesses in India include the need for more awareness on incorporation, GST registration, setting up of financial management and operations-related infrastructure, building the brand value proposition, and accessing the ecosystem comprising investors and tech partners, it said.
Through the co-branded portal, DBS Bank India and IndiaFilings will provide a free company incorporation process to startups along with a cash back of up to 100 per cent on their incorporation costs up to Rs 8,000.
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
IRCTC Dividend 2024: Railway PSU announces 200% interim dividend - Check record date and other details
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
08:58 PM IST