DBS Bank, which is based in Singapore, is hoping to expand in India. With branches currently in New Delhi and Mumbai, the bank offers Enterprise Banking to support small and medium enterprises (SMEs) in India. An interesting program is the new DBS Social Enterprise Special Package, which is currently available in Singapore:
The `DBS’ Social Enterprise Special Package’ offers social enterprises preferential rates on business loans and unsecured overdrafts, and fee waivers for a slew of services, among other benefits.
In addition, employees of social enterprises will be granted special privileges for a whole range of personal banking services, including mortgage loans, renovation loans, auto loans, credit cards and general insurance.
No indication of offering this in India yet, but with all the entrepreneurial expansion occurring in the country, there may be a market for it. If you are aware of any banks in India offering financial products to assist social enterprises, please leave information in the comments.
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- social entrepreneurship
- Social Enterprise
- financial products
- Financial services
- Small and medium enterprises
- DBS Bank
- New Delhi