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DBS Bank may offer housing loans

DBS Bank India is set to offer asset-based lending, nearly five years after entering the consumer banking business in India. The bank will sell housing loans and loan against property as it seeks to consolidate its consumer banking business and turn it around in the next calendar year. The bank may also venture into auto loans and even unsecured offerings such as credit cards and personal loans. Rahul Johri, managing director and head (consumer banking), DBS Bank, said the bank would initially launch the two products in Mumbai and Delhi and later market it in other cities such as Pune, Bangalore, Calcutta and Chennai. The bank’s consumer banking business serves more than 22,000 customers.

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