DBS Bank India pledges USD 250 million for start-ups & ‘new economy’ companies
DBS Bank India: DBS Bank India had announced USD 250 million for new-age start-ups which includes over 90,000 start-ups and more than 100 unicorns. Rajat Verma, Managing Director & Head, Institutional Banking Group, DBS Bank India said, “We are inspired by the ability of new-age entrepreneurs to harness innovation to solve real world challenges and hope to play a constructive role in their growth. We believe that our lending commitment of USD 250 million for start-ups comes at an opportune time as the sector has been demonstrating improved operating metrics and a sharper focus on profitability in recent years. DBS Bank India intends to leverage our advanced digital expertise, deep Asian connectivity, and ecosystem partnerships to offer holistic support, even going beyond banking to empower these innovators to streamline operations, manage logistics and gain access to larger business networks. As a different kind of bank, our overarching objective is to become a trusted partner for start-ups across sectors and support them throughout the business lifecycle.”
DBS Bank India
DBS Bank India
With a presence in India for 29 years, DBS Bank operates as a wholly owned, locally incorporated subsidiary, boasting a network of approximately 530 branches across 19 Indian states, catering to both enterprises and consumers. DBS Bank India has allocated USD 250 million to extend lending support to start-ups. This initiative aims to alleviate the prevalent challenge of capital accessibility faced by start-ups in India. The bank employs an Advanced Risk Assessment Framework that blends traditional metrics with modern analytical tools to ensure a balanced approach to financing to offers tailored banking solutions designed specifically for start-ups, ensuring that these solutions align with the dynamic needs of industry innovators. DBS Bank India also provides exclusive benefits sourced from various partners to foster agility and growth among start-ups. Initiatives like DBS Business class FoundED actively engage with start-ups and incubators across the country. As a leading financial services group in Asia, DBS Bank is recognized for its global leadership and innovation in digital banking while remaining committed to responsible banking and sustainability initiatives.
Who pledges USD 250 million for start-ups & ‘new economy’ companies ?
DBS Bank India pledges USD 250 million for start-ups & ‘new economy’ companies
