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Recently, the Executive Director of DBS Bank India announced that the bank plans to introduce home loans for the affordable housing sector. The loans will be targeted towards individuals living in Tier 2 and Tier 3 cities and is likely to be officially available from the last quarter of the current financial year. This decision is in the line with the bank’s larger goal of expanding its retail portfolio. The company also announced a partnership with Indiafilings to provide end-to-end financial services and a proprietary credit card catered to the affluent to be launched in June this year.
Recently, the Executive Director of DBS Bank India announced that the bank plans to introduce home loans for the affordable housing sector. The loans will be targeted towards individuals living in Tier 2 and Tier 3 cities and is likely to be officially available from the last quarter of the current financial year. This decision is in the line with the bank’s larger goal of expanding its retail portfolio.
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Along with introducing home loans, the company is also gearing up to launch proprietary credit card targeted at the affluent and super affluent segments. Presently, the bank offers a co-branded credit card along with Bajaj Finserv which has a customer base of over 2 lac users.
DBS Bank is also tying up with India Fillings, a leading online platform that assists start-ups and small business in India with legal and tax assistance. With this partnership, the bank hopes to be able to provide end-to-end financial services to new companies and start-ups. DBS India and IndiaFilings will provide a free company incorporation process to startups along with a cash back of up to 100 percent on their incorporation cost up to Rs. 8,000 through their co-branded portal.
DBS Bank India is a subsidiary of DBS Bank, one of the largest financial services groups in Asia. DBS Bank India offers a range of banking services including corporate banking, SME banking, trade finance, cash management, securities services, and treasury solutions. The bank has a strong digital focus and offers online and mobile banking services to its customers. DBS Bank India is headquartered in Mumbai and has branches in Delhi, Bangalore, Chennai, Kolkata, Pune, Nashik, Surat, and Kolhapur. It has received several awards for its digital banking services and customer-centric approach.
Indiafilings is an online business services platform in India that provides a range of legal, financial, and taxation services to startups, small businesses, and entrepreneurs. The platform offers services such as company registration, GST registration, trademark registration, accounting and bookkeeping, compliance services, and more. Indiafilings aims to simplify business registration and compliance procedures for entrepreneurs and small businesses through its online platform. It has a team of experienced professionals who assist customers in various business-related matters. Indiafilings has received several awards for its innovative approach to business services and its contributions to the Indian startup ecosystem.
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