- Upgraded Kalawad branch positions Rajkot’s entrepreneurs, exporters and affluent families at the crossroads of Asian banking and international opportunities
- New-age banking hub offers integrated retail, wealth, SME and global transaction services under one roof
- DBS strengthens Gujarat footprint with its second Rajkot branch, reaffirming long-term commitment to one of western India’s fastest-growing business ecosystems
- Modern banking spaces, digital capabilities and cross-border expertise aim to power the next phase of wealth creation in Saurashtra
NE BANKING BUREAU
RAJKOT, JULY 15
As Rajkot rapidly transforms into a global manufacturing and export powerhouse, international banking is following the momentum. In a move reflecting rising wealth, expanding entrepreneurship and increasing cross-border business aspirations in Saurashtra, DBS Bank India has unveiled its upgraded Kalawad branch, bringing Singapore’s banking expertise, global connectivity and next-generation financial services closer to one of Gujarat’s most dynamic economic regions.
Located at Novem Square near the bustling Amin Marg Junction, the newly upgraded 2,500 sq. ft. branch replaces the earlier Kalawad Road outlet and has been designed as a comprehensive financial hub catering to individuals, affluent families, entrepreneurs, SMEs and globally connected businesses.
The inauguration reinforces DBS Bank India’s long-term strategy to deepen its presence in Gujarat, where it now operates 13 branches, including its second outlet in Rajkot, while maintaining a nationwide network spanning nearly 350 locations.
Recognised by Global Finance as Asia’s Safest Bank for 17 consecutive years (2009–2025), DBS Bank combines its Singaporean banking heritage with over three decades of operations in India, offering customers international expertise backed by local market understanding.
The contemporary branch houses dedicated wealth advisory spaces, private meeting rooms and secure safe deposit lockers, while offering a complete range of retail, wealth, SME and business banking solutions under one roof.
Rajkot’s emergence as one of western India’s strongest industrial clusters has made it an increasingly attractive market for global banking institutions. The city anchors the Saurashtra economy with thriving industries in engineering, machine tools, auto components, foundries, ceramics, chemicals, jewellery, exports and a rapidly growing services sector.
Explaining the strategic importance of the region, 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.”
Highlighting the bank’s differentiated proposition, he added: “Through DBS Treasures, we offer a differentiated wealth proposition, combining dedicated relationship management, tailored investment strategies and competitive foreign exchange pricing.”
Underlining the institution’s international advantage, Chandna said: “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.”
Wealth solutions for every stage
A key differentiator of DBS Bank India is its wealth continuum model, offering customised banking solutions across varying customer segments.
DBS Aspire caters to customers maintaining a Total Relationship Value (TRV) of ₹10 lakh or a minimum monthly savings account balance of ₹2 lakh, offering benefits such as zero forex mark-up on debit card transactions and savings account interest rates of up to 5% per annum on balances between ₹2 lakh and ₹50 lakh.
For affluent customers, DBS Treasures provides personalised wealth management services for those with a TRV of ₹30 lakh and above, while DBS Treasures Private Client serves ultra-high-net-worth individuals with investible relationships exceeding ₹6 crore, delivering bespoke wealth planning and investment solutions.
Treasure customers also gain access to specialised offerings such as DBS Study Abroad Total Assist, supporting families through every stage of overseas education planning.
Global banking for a globally connected Gujarat
Leveraging DBS Group’s extensive Asian network, the bank offers comprehensive NRI banking services, including remittances, investment products, foreign exchange solutions and FCNR(B) deposits.
Currently, DBS Bank India offers interest rates of up to 5.6% per annum on USD FCNR(B) deposits for tenures ranging from three to five years, while eligible NRIs can digitally open accounts from overseas.
Customers can also seamlessly manage their finances through the digibank app, which enables digital account opening, everyday banking and investment through DBS DigiPortfolio, a technology-driven investment platform offering curated portfolios.
Empowering enterprises beyond traditional banking
Beyond retail banking, the upgraded Rajkot branch has been positioned as a financial partner for the region’s expanding business community.
The bank offers a wide spectrum of financing and transaction banking solutions, including Loan Against Property (LAP), overdraft facilities, loans under the CGTMSE scheme, working capital finance, trade finance, cash management, payroll solutions, foreign exchange services and digital transaction banking through DBS IDEAL.
The expanded capabilities are expected to help Rajkot’s exporters, manufacturers and SMEs improve operational efficiency while strengthening their competitiveness in domestic and international markets.
