Rajkot, July 14, 2026: DBS Bank India has strengthened its presence in Rajkot with the inauguration of its upgraded Kalawad branch at Novem Square, underscoring its commitment to serving the Saurashtra region.
DBS Bank India combines a strong Singaporean heritage with deep local understanding and strong customer relationships built over more than three decades in India. Recognised as Asia’s Safest Bank by Global Finance for 17 consecutive years (2009–2025), it serves as a trusted partner to individuals and businesses across the region.
DBS Bank India operates 13 branches across Gujarat, including Ahmedabad, Gandhinagar, Surat, Vadodara, Jamnagar, Anand, Gandhidham and Vapi. The Kalawad (Novem Square) branch marks the bank’s second location in Rajkot alongside the Gondal Road branch. The bank is present across ~350 locations in India.
Relocated from the erstwhile Kalawad Road branch, the newly refurbished 2,500 sq. ft. branch is strategically located at Amin Marg Junction, one of the city’s key commercial and residential hubs. The branch provides access to a comprehensive suite of retail, wealth, SME and business banking solutions. It reflects DBS Bank India’s focus on enhancing customer experience through thoughtfully designed contemporary spaces, equipped with private meeting rooms and secure safe deposit lockers
Rajkot is one of Gujarat’s key commercial centres and a gateway to the wider Saurashtra region. With a strong entrepreneurial culture and a growing base of family-owned businesses, the region is supported by a well-established industrial ecosystem spanning engineering, auto components, machine tools, foundries, jewellery, ceramics and chemicals, alongside exporters and service providers.
Ambuj Chandna, Managing Director and Head, Consumer Banking Group, DBS Bank India, said, “Rajkot and Saurashtra continue to be an important growth market, driven by entrepreneurship, rising affluence and increasing integration with domestic and global markets. As wealth creation accelerates, customers are seeking sophisticated banking and wealth management solutions that support their evolving aspirations and global lifestyles, while addressing both their personal and business banking needs. Through DBS Treasures, we offer a differentiated wealth proposition, combining dedicated relationship management, tailored investment strategies and competitive foreign exchange pricing.
As part of Singapore’s largest bank, with deep roots across Asia, we are uniquely positioned to connect customers with opportunities across the region. Through the upgraded Kalawad branch, we are bringing the strengths of a leading Asian bank and global standards closer to customers in the region. The branch further strengthens our commitment to the market and enables us to deepen our engagement across Rajkot and Saurashtra.”
A key differentiator is DBS Bank India’s wealth continuum model, designed to serve individuals across different life stages and wealth needs.
- DBS Aspire caters to customers with a Total Relationship Value (TRV) of ₹10 lakh or a minimum monthly savings account balance of ₹2 lakh. Benefits include zero forex mark-up on the Aspire debit card and savings account interest rates of up to 5% per annum for balances between ₹2 lakh and ₹50 lakh.
- DBS Treasures offers a personalised banking and wealth management experience for customers with a TRV of ₹30 lakh and above, while DBS Treasures Private Client serves ultra-high-net-worth individuals with a TRV exceeding ₹6 crore through bespoke wealth solutions.
DBS Treasures customers also benefit from specialised propositions such as DBS Study Abroad Total Assist, which supports families throughout their children’s overseas education journey.
Backed by DBS’ presence across Asia, the bank is equipped to serve globally connected families, professionals and business owners. The bank offers NRI banking solutions, including remittances, investment products, foreign exchange services and FCNR(B) deposits. DBS Bank India currently offers interest rates of up to 5.6% per annum on USD FCNR(B) deposits for tenures ranging from three to five years. Eligible NRIs can seamlessly open accounts digitally from overseas.
Customers can also access a range of everyday banking and investment solutions through the digibank app, including digital account opening and DBS DigiPortfolio, an investment platform that combines human expertise with technology to make investing simple, convenient and intuitive through ready-made portfolios.
The upgraded branch further strengthens DBS Bank India’s ability to support enterprises across Rajkot and Saurashtra with a comprehensive suite of financing and transaction banking solutions. These include Loan Against Property (LAP), overdraft facilities and loans under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme. Businesses can also access working capital financing, trade finance, cash management, foreign exchange, payroll and transaction banking services through digital platforms such as DBS IDEAL, helping them operate efficiently and pursue opportunities in India and overseas.
*******
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia, and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world. In 2025, CRISIL Ratings reaffirmed its ‘CRISIL AAA/Stable’ rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at ‘CRISIL A1+’.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney, and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 17 consecutive years from 2009 to 2025. DBS Bank India was recognised by CRISIL – Coalition Greenwich as the Best Bank for Corporate Banking and Best Bank for Corporate Cash Management in India in 2025. In the same year, Euromoney also named DBS Bank India the Best Digital Bank for SMEs in India.
As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
DBS Bank has been present in India for more than 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them ‘Live more, Bank less’. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. DBS Bank India is now present in ~350 locations in 19 Indian states.
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
