DBS Tops Forbes Worlds Best Banks List in India

12 June 2021 Current Affairs:DBS Bank has been named with the aid of Forbes in their listing of World’s Best Banks 2021. DBS was ranked at the position 1 out of 30 domestic and global banks in India for the 2nd consecutive year. This is the 0.33 version of the ‘World’s Best Banks’ listing by means of Forbes, carried out in partnership with market research company Statista. 

Highlights:
♦ Over 43,000 banking clients across the globe have been surveyed on their contemporary and former banking relationships. The customer survey rated banks on general pleasure and key attributes like trust, digital services, monetary advice, and fees.
♦ DBS Bank India was regarded as ‘India’s Best International Bank 2021’ by means of Asiamoney. DBS was once named ‘Safest Bank in Asia’ for the twelfth consecutive year via New York-based exchange publication Global Finance in 2020.
♦ The financial institution was additionally Global Finance’s select for ‘Best Bank in the World’ in the equal year, making it the 0.33 consecutive world Best Bank accolade obtained through DBS.
♦ Previously, DBS was named ‘World’s Best Bank’ via leading economic book Euromoney in 2019.
♦ DBS Bank has been current in India for 26 years and has grown constantly via strengthening its small and medium-sized employer business and customer lending operations to build scale and emerge as a full-service bank.
♦ Further, it has showcased a long-term dedication to India with the establishment of its nearby wholly-owned subsidiary, DBS Bank India Limited (DBIL) and the current acquisition of Lakshmi Vilas Bank.
♦ The amalgamation of Lakshmi Vilas Bank with DBIL in November 2020 bolstered the bank’s bodily presence in the country. DBS now has a community of almost 600 branches throughout 19 states in India.