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DBS Bank India launches AweSME Banking

  • First Bank in India to launch Tab Banking for SME customers
  • Opens an account within four hours

Mumbai, 28th January, 2015: DBS Bank India, a part of Asia’s foremost financial services group, today launchedAweSMEAccount Opening, a unique customer-centric initiative that replicates the physical Account Opening Form (AOF) on the tablet. AweSME account opening comes with inbuilt checks &balances that reviews the past data and ensures that the most frequent reasons for rejection are avoided, thus giving the customer a smooth on boarding experience.

AweSME Account Opening helps the SME customer open an account within four hours compared to the average industry time of 2 to 3 days. This product comes with an introductory offer where the Average Quarterly Balance (AQB) charges are waived off for the first 12 months

Speaking on the occasion of the launch, Mr Sanjeev Lall, MD & Head Institutional Banking Group Said, “DBS believes that growing the customers’ business is our business and by embracing technology we are trying to bring in ease in the customers’ life.  SME’s are the growth agents of the economy and SME banking has great potential in India.”

Through AweSME Account opening DBSfacilitates prompt services and innovation which makes the process of account opening seamless and almost paperless, thus bringing in the pleasant customer experience and streamlining the tedious process of account opening for the SMEs.

 Speaking on the occasion, MrAmitabh Verma, Head, Small and Medium Enterprise, said, “AweSME Banking is yet another example of innovation for our SME sector. As a bank we are always committed and focused on supporting Small and Medium Enterprises in their ambition to grow. Considering high growth potential in this sector, with the AweSME Banking App, we want to provide innovative and superior services to the clients.”

The Indian SME space plays an integral part in the growth of the economy, contributing 45% of industrial output and 40% of country’s total exports. AweSME Banking will help in ease of doing business for small and medium enterprises which are the engine of India’s growth. DBS Bank’s AweSME Account opening is taking a lead in the industry to focus on use of technology for the ease of its SME customers.AweSMEAccount Openingis one of the many customer-centric innovations from DBS in its endeavor to provide best services to the customers

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