DBS Bank INDIA REPORTS RECORD REVENUES & PROFITS FOR FISCAL 2011-12

Net Profit increases 164%; Income rises 86%; Balance sheet grows 53%
DBS Bank India today declared its financial results for the year ended March 31, 2012.
Announcing the results, Sanjiv Bhasin, GM & CEO, DBS Bank India, said: “We registered encouraging growth with a disciplined execution of our strategy and prudent risk management.  Our performance was broad-based with growth across all business lines. The client base expanded and we engaged with them at various levels to understand their requirements and accordingly offer optimal solutions. This enabled us to strengthen relationships and boost our FY2011-12 revenue and profits to new highs.”
Key Financials at a Glance:

Figures in ` million	FY 2011-12	FY 2010-11	2012 Vs 2011
Total Income	10,632	5,712	86%
Net Profit	3,355	1,272	164%
Total Assets	363,859	237,439	53%
Total Loans	128,443	75,242	71%
Total Deposits	129,220	73,680	75%
Shareholders’ Equity	26,418	17,978	47%

Financial Ratios (%):

	FY 2011-12	FY 2010-11
Capital Adequacy Ratio	14.38	14.98
Return on Average Assets	1.45	0.77
Return on Average Equity	15.12	7.34
Cost to Income Ratio	38.76	47.72
Net Interest Margin	3.24	2.86

During the year, DBS injected ` 5,085 million into DBS Bank India as additional capital. With this addition , the total capital funds of the bank in India as at 31 March 2012, was over ` 35 billion, making DBS’ operations in India well capitalised to further accelerate its franchise growth.
An enhanced focus on client acquisition across business segments grew the overall customer base by over 55% during the year. Increased cross-sell of cash management and treasury products bolstered income and enabled the bank to deepen client relationships. Capitalising on its well entrenched Asian franchise, DBS became a leading mobiliser of NRI deposits. Growth was also facilitated by its large presence in Singapore and key markets across Asia.
India continues to remain a key market for DBS, and an integral part of its Asia strategy. Since opening its first branch in India in 1995, DBS has successfully built a large, diverse franchise that can today be counted amongst the larger foreign banks in the country. With a network of 12 branches and 40 ATMs, DBS is the largest Singaporean bank operating in the country.
In 2011-12, despite uncertainties in the economic environment, DBS Bank India launched new products and service offerings, both in the corporate and consumer banking domains, making its portfolio more holistic. These included Debt Capital Markets (DCM), the Parameterized Lending Programme for SMEs, 24 X 7 Contact Centre for consumer banking customers and DBS iBanking, a feature-rich Internet banking platform.
During the year, DBS India received several accolades – India’s Best Foreign Bank from Financial Express – E&Y for 2010 (presented in 2011), Best Foreign Bank (Asset Quality) from Dun & Bradstreet for 2011 and the Best Trade Finance Solution in India (Highly Commended) from The Asset.
To enhance its brand visibility and emphasise its Asia expertise, a maiden integrated communications campaign across various media – newspapers, magazines, television, radio, Internet and out of home – was successfully executed.