DBS Bank India Rajkot Branch Expands Banking Services in Gujarat
DBS Bank India expands Rajkot presence with upgraded Kalawad branch, strengthening banking access across Saurashtra
DBS Bank India has expanded its footprint in Gujarat by opening an upgraded branch at Novem Square in Rajkot’s Kalawad area, adding to its existing presence in the city and increasing access to banking and wealth management services for customers in the Saurashtra region.
The new branch replaces the bank’s earlier Kalawad Road office and is located at Amin Marg Junction, one of Rajkot’s busiest commercial and residential areas. Spread across about 2,500 square feet, the branch includes customer meeting rooms, safe deposit lockers and facilities for retail banking, wealth management, small and medium enterprise (SME) banking and business banking.
The move reflects the growing importance of Rajkot in Gujarat’s economy. The city has developed into one of western India’s major industrial and trading centres, supported by thousands of small and medium businesses involved in engineering, machine tools, auto components, foundries, jewellery, ceramics and chemical manufacturing. Many local companies also export products to overseas markets, increasing demand for banking services that support domestic and international business.
DBS Bank India now operates 13 branches across Gujarat, including Ahmedabad, Gandhinagar, Surat, Vadodara, Jamnagar, Anand, Gandhidham and Vapi. The Kalawad branch becomes the bank’s second location in Rajkot alongside its Gondal Road branch. Nationally, DBS Bank India has a presence in around 350 locations.
DBS traces its origins to Singapore, where it has grown into Southeast Asia’s largest bank by assets. The bank has operated in India for more than three decades and expanded significantly after acquiring Lakshmi Vilas Bank in 2020 under a Reserve Bank of India-led restructuring process. That acquisition increased DBS Bank India’s branch network and strengthened its retail banking operations across the country.
According to Global Finance magazine, DBS has been recognised as Asia’s Safest Bank for 17 consecutive years between 2009 and 2025. The international recognition reflects the bank’s financial strength and risk management standards, although customers generally evaluate banks using a wider range of factors, including service quality, digital capabilities and product offerings.
Speaking at the inauguration, 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.”
India’s banking industry has witnessed steady growth in digital services over the past decade. Still, physical branches continue to play an important role, particularly for wealth management, business lending, trade finance and advisory services. Banks have increasingly redesigned branches to provide consultation spaces instead of focusing only on routine cash transactions, many of which are now handled through digital platforms.
The Rajkot branch will offer DBS Bank India’s wealth management programmes tailored to different customer segments. Under the DBS Aspire programme, customers maintaining a Total Relationship Value (TRV) of ₹10 lakh or a minimum monthly savings account balance of ₹2 lakh receive benefits including zero foreign exchange mark-up on the Aspire debit card. Savings account balances between ₹2 lakh and ₹50 lakh currently earn interest of up to 5 per cent per annum.
Customers with a TRV of ₹30 lakh or more qualify for DBS Treasures, while DBS Treasures Private Client serves individuals with assets exceeding ₹6 crore through personalised wealth management services. The bank also offers DBS Study Abroad Total Assist, designed to help families manage the financial requirements associated with overseas education.
The branch will also support non-resident Indians (NRIs), a significant customer segment for many Indian banks. Services include remittances, investment products, foreign exchange facilities and Foreign Currency Non-Resident Bank [FCNR(B)] deposits. DBS Bank India said it currently offers interest rates of up to 5.6 per cent per annum on US dollar FCNR(B) deposits with tenures ranging from three to five years. Eligible NRIs can complete account opening digitally while living overseas.
For everyday banking, customers can use the bank’s digibank mobile application, which supports digital account opening, routine banking transactions and investment services. Through DBS DigiPortfolio, customers can invest in professionally managed portfolios that combine technology with investment expertise.
Business customers in Rajkot and surrounding districts will have access to financing products including Loan Against Property (LAP), overdraft facilities and loans covered under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme. The branch will also provide working capital finance, trade finance, cash management, payroll services, foreign exchange solutions and digital transaction banking through the bank’s DBS IDEAL platform.
The expansion comes at a time when Gujarat continues to attract manufacturing investment and export-oriented industries. Cities such as Rajkot have become important centres for engineering and precision manufacturing, creating demand for banking services that support both local businesses and companies with international operations. By strengthening its branch network in the region, DBS Bank India aims to improve access to banking services for individuals, entrepreneurs and businesses participating in Gujarat’s expanding economy.