DBS Bank India, under the leadership of newly appointed CEO Rajat Verma, is charting an ambitious path to expand its footprint in the SME and corporate banking sectors. With a strategic focus on specialized financial products and a commitment to sustainable growth, the bank aims to leverage its parent company’s support to make significant inroads in India’s dynamic banking landscape.
Strategic Vision for SME and Corporate Banking
Rajat Verma, who took over as CEO in March 2025, brings a wealth of experience from his previous role as Head of Institutional Banking at DBS India. He emphasizes the bank’s intent to deepen its engagement with small and medium enterprises (SMEs) and corporate clients. “We want DBS in India to be a growth story, following the universal banking model,” Verma stated, highlighting the bank’s plans to invest in areas where it can add substantial value.
The bank’s strategy includes expanding its SME business through specialized branches and offering a suite of services such as transaction banking and cash management. Verma noted that while Indian banks have a significant footprint, DBS aims to differentiate itself by focusing on areas like loan syndication and supply-chain financing.
Capital Infusion and Growth Aspirations
To support its growth ambitions, DBS Bank India received a capital infusion of ₹1,229 crore from its parent company between April and December of the previous fiscal year. This investment underscores the group’s commitment to strengthening its presence in India.
Verma highlighted the bank’s plans to double its SME book over the next three years, building on the achievement of a $1 billion portfolio in the small business segment. He emphasized the importance of partnering with clients for the long term, aiming to onboard clients who will stay with the bank for five to ten years.
Emphasis on Sustainable Financing
In line with global trends, DBS Bank India is also focusing on environmental, social, and governance (ESG) financing. The bank aims to grow its renewable energy book by 60%, with a broader push towards sustainable financing. Verma noted that ESG is a comprehensive term, encompassing social aspects such as priority sector loans, and the bank’s efforts will factor in environmental and governance needs.
Leveraging Technology and Innovation
DBS Bank India is leveraging its digital capabilities to offer advanced solutions to clients. The bank plans to tap into its large corporate banking network to provide products such as escrows, foreign exchange, cash management, trade financing, and regulatory reporting to Indian startups. This approach aims to support startups in sectors like healthcare, technology, and artificial intelligence, enhancing their productivity and profitability.
