DBS Bank India announced a lending commitment of USD 250 million for new-age start-ups today. The initiative is part of the bank’s focus on fostering innovation and entrepreneurship within the country’s thriving start-up ecosystem.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.”
The bank’s advanced risk assessment framework, which combines traditional metrics with modern analytical tools, ensures a balanced approach to financing. The comprehensive evaluation process ensures that DBS Bank India can deliver tailored banking solutions that match the dynamism of the industry innovators it partners with. Given the unique hurdles encountered by start-ups in the digital economy, DBS goes the extra mile to offer a host of exclusive benefits curated from across partners, which will enable these companies to bolster agility and unlock growth. Through platforms like DBS Businessclass FoundED, the bank celebrates modern-day founders, engaging with over 1000 start-ups and 50 incubators across India till date.
