Hyderabad: DBS Bank India, the subsidiary of Singapore headquartered DBS Bank, is planning to recruit around 1,000 engineers for its Hyderabad-based technology centre ‘DBS Asia Hub 2’ in the next two years.
Speaking to reporters here on Tuesday, DBS Bank India CEO Surojit Shome said “The hub has about 2,000 engineers building smartest solutions. Of this, 1,200 software engineers and developers work with DBS and about 800 work with partners to build our technology products.”
Mr Shome said he expects to the number of people working for the bank to grow to 3,000 over the next two years — implying an addition of 1,000 engineers. However, he did not give a breakup of how many would be hired by the bank and how many would work with its partners. Mr Shome was in Hyderabad to launch the bank’s first branch in the city.
Hyderabad hosts the DBS Group’s technology hub DBS Asia Hub 2 since 2016 — the group’s largest such facility outside of Singapore. He said roughly half of DBS’ digital solutions are developed in the Hyderabad facility.
The bank intends to establish over 100 customer touch points —a combination of branches and kiosks—across 25 cities in the next 12-18 months. Currently the bank operates out of 12 cities and in March this year, it would open 9 branches.
DBS India will accelerate its growth plans, expand its operations and build greater scale in India through a “phygital” model to further serve large corporates, SMEs and individual customers.
“We felt that a presence in 12 cities is not enough and therefore applied for subsidiarisation to expand. Currently our balance sheet is `50,000 crore and we intend to triple it in the next five years,” said Mr Shome.