DBS Bank India seeks three-fold jump in gold loan portfolio in 5 yrs: Exec

Lender's amalgamation with Lakshmi Vilas Bank expanded its reach in South India

DBS Bank India has said that it aims to grow its gold loan portfolio three-fold in five years. The bank’s current gold loan book stands at around Rs 4,500 crore.

“DBS Bank India is well-entrenched in the Indian market, and the advantages of the expanded network across business segments, including products such as gold loans, have started to flow through. We have seen a heightened demand for gold loans among the agrarian community and 70 per cent of the demand is driven from southern India,” said Bharath Mani, the lender’s executive director and head–retail customer segment.

“We aim to grow the gold