Banks / DBS Bank India

DBS Bank India (DBIL)

Private Sector Bank Wholly-Owned Subsidiary of DBS Bank Ltd, Singapore Amalgamated Lakshmi Vilas Bank (Nov 2020)
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🏦 Bank Overview

📍
Registered Office / Headquarters
Express Towers, Nariman Point, Mumbai - 400021, Maharashtra
👤
MD & CEO
Rajat Verma
📅
Established
Entered India in 1994 as branches of DBS Bank Ltd, Singapore · converted into a locally-incorporated wholly-owned subsidiary — DBS Bank India Limited (DBIL) — effective 1 March 2019 (RBI's first such voluntary conversion) · amalgamated the struggling Lakshmi Vilas Bank into DBIL via an RBI-led scheme effective 27 November 2020
🌐
Official Website
dbs.bank.in ↗
🏛️
Ownership
100% owned by DBS Bank Ltd, Singapore (part of DBS Group Holdings, ~29% held by Temasek Holdings) — locally incorporated in India under the Companies Act, 2013 and licensed by RBI as a banking company; not listed on Indian exchanges
🏢
Network
~500 branches across India — the branch count roughly tripled after absorbing Lakshmi Vilas Bank's largely South Indian (esp. Tamil Nadu) retail network in Nov 2020

👥 Leadership — MD & CEO

Current

Rajat Verma

Managing Director & CEO, DBS Bank India — in office since 1 March 2025, succeeding Surojit Shome on retirement. Verma brings 27 years of banking experience spanning consumer banking, corporate/transactional banking, sustainable finance and MSME banking. He joined DBS Bank India in June 2023 and headed the Institutional Banking Group (IBG) before his elevation to CEO.

Last Three MD & CEOs / Predecessors

NameTenureNotable Period
Surojit Shome2015 – Feb 2025Launched digibank by DBS, India's first mobile-only bank (2016); led the conversion of DBS's India branches into the locally-incorporated subsidiary DBIL (2019); oversaw the RBI-led amalgamation of Lakshmi Vilas Bank into DBIL (Nov 2020), transforming DBS Bank India's scale and South Indian retail footprint
Sanjiv Bhasin2008 – 2015Steered DBS's India branch franchise through the 2008 global financial crisis and its aftermath, before DBS's India operations were locally incorporated
Pranam Wahi~2004 – 2008 (approx.)Early CEO of DBS's India branch operations; moved to DBS Singapore as Managing Director & Head of Group Global Transaction Services — exact start date unverified, marked approximate
Tenure start for Pranam Wahi is approximate (~) and could not be precisely confirmed from public sources at the time of writing. Please cross-check on DBS Bank India's official Senior Management page.

📞 Customer Care & Locators

Customer Care / Nodal Officer Email
dbsnodalofficer@dbs.com

For unresolved complaints/grievance escalation (Nodal Officer, DBS Bank India Limited)

Toll-Free (General Banking)
1860 267 1234 / 1800 209 4555

24×7 balance enquiry, card blocking, digibank & general banking support

Treasures / NRI Banking Support
+91 22 6614 7578 (Nodal Officer) · dedicated relationship manager support for DBS Treasures (priority/NRI banking) customers
📍 Branch / ATM Locator → 🔎 IFSC Code Finder → 🏛️ RBI Bank Branch/IFSC Master →

💼 Products & Services

💰 Loans

  • Home Loan
  • Personal Loan
  • Loan Against Property
  • Loan Against Securities / Fixed Deposit
  • Gold Loan (via erstwhile LVB branch network)
  • Auto Loan
  • Agriculture & Kisan Credit Card (KCC) — inherited South Indian rural/semi-urban branches
  • MSME & Business / Working Capital Loans

🏦 Deposits

  • digibank Savings Account (mobile-only)
  • DBS Treasures Savings Account (priority banking)
  • Current Account
  • Fixed Deposit (incl. Flexi Fixed Deposit)
  • Recurring Deposit
  • Tax-Saving Fixed Deposit
  • NRE / NRO / FCNR(B) Accounts (DBS Treasures NRI banking)

📱 Digital & Forex

  • digibank by DBS mobile app (India's first mobile-only bank, launched 2016)
  • DBS iBanking / DBS IDEAL (corporate internet banking)
  • UPI & digital payments
  • Trade Finance & Foreign Exchange (Institutional Banking Group)
  • Outward/Inward Remittances (SWIFT)
  • Multi-currency Forex Cards

➕ Other Services

  • DBS Treasures — wealth management & priority banking
  • DBS Bank Credit Cards
  • Bancassurance — Life & General Insurance tie-ups
  • Mutual Fund Distribution & Demat/Trading (via partners)
  • Safe Deposit Locker (widely available across erstwhile LVB branches)
  • Institutional & Corporate Banking, Global Transaction Services
  • PMJDY, APY, PMJJBY, PMSBY (govt. schemes, via inherited retail branches)

📈 Interest Rates

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Retail domestic term deposit rates below are fetched live from DBS Bank India's official rates page where possible. If the live fetch is unavailable, the last published rates are shown instead.

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📊 Financial Results (Last 4 Years)

MetricFY 2025-26 (Mar 2026)FY 2024-25 (Mar 2025)FY 2023-24 (Mar 2024)FY 2022-23 (Mar 2023)
Net Profit (Full Year)₹1,020 Cr₹684 Cr₹377 Cr₹228 Cr
Total Deposits~₹92,000 Cr₹83,314 Cr₹79,438 Cr~₹63,300 Cr
Total Advances~₹63,660 Cr₹55,360 Cr₹53,869 Cr~₹50,700 Cr
Gross NPA Ratio1.34%2.78%3.33%5.61%
Net NPA Ratio~0.25%~0.55%~0.70%1.17%
CRAR (Capital Adequacy)19.70%16.81%15.75%15.00%
Figures compiled from DBS Bank India Limited's published press releases and annual reports (DBIL is a locally-incorporated subsidiary and discloses standalone results, unlike branch-only foreign banks). Figures marked ~ are approximate — either derived from year-on-year growth percentages quoted in press coverage where the exact absolute or ratio figure was not separately disclosed, or (for FY 2025-26 deposits/advances) extrapolated from reported growth rates ahead of the full annual report. CRAR for FY 2025-26 was supported by a ₹1,600 Cr capital infusion from the parent in March 2026. Always verify precise numbers on DBS Bank India's official Investor Relations page before making financial decisions.

🏛️ RBI Regulatory Information (As on Date)

Regulator
Reserve Bank of India, under the Banking Regulation Act, 1949 & Companies Act, 2013
Bank Category
Scheduled Commercial Bank (Private Sector) — locally-incorporated wholly-owned subsidiary of a foreign bank (Wholly Owned Subsidiary / WOS route), not a branch-only foreign bank — Second Schedule, RBI Act 1934
D-SIB Status
Not classified as a Domestic Systemically Important Bank by RBI (D-SIB list currently comprises SBI, HDFC Bank & ICICI Bank only)
Minimum CRAR Required
11.5% (9% minimum + 2.5% Capital Conservation Buffer, Basel III) — DBS Bank India's actual CRAR: 19.70% (Mar 2026)
PCA Framework
Not under RBI's Prompt Corrective Action framework
Deposit Insurance
DICGC cover up to ₹5,00,000 per depositor per bank
Grievance Redressal
RBI Integrated Ombudsman Scheme, 2021 — toll-free 14448
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