DBS has been named by Forbes in their list of World's Best Banks 2021 in India category. DBS was ranked number 1 out of 30 domestic and international banks in India for the second consecutive year.
The second bank in the list is Kerala-based CSB Bank, followed by ICICI Bank, HDFC Bank, Kotak Mahindra Bank and Axis Bank. State Bank of India ranks seventh in the list.
Interestingly, India Post Payments Bank and Paytm Payments Banks are listed as well in the list. The only cooperative bank in the list of 30 banks is the Andhra Pradesh State Co-operative Bank.
Commenting on the recognition, Surojit Shome, Managing Director and CEO, DBS Bank India, said, "We are humbled and proud to be featured on the 'World's Best Banks' list for the second consecutive year. Over the years, we have built a strong customer-centric franchise, and this recognition shines the light on the resilience and a strong sense of purpose demonstrated by our employees to support customers amid the global crisis. We will continue to deepen customer relationships and build journeys that proactively address their needs."
This is the third edition of the 'World's Best Banks' list by Forbes, conducted in partnership with market research firm Statista. Over 43,000 banking customers across the globe were surveyed on their current and former banking relationships.
DBS Bank has been present in India for 26 years and has grown consistently by strengthening its small and medium-sized enterprise business and consumer lending operations.
The amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited (DBIL) in November 2020 bolstered the bank's physical presence in the country. DBS now has a network of nearly 600 branches across 19 states in India.
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