Cholamandalam DBS eyes big business, opens new branch

Kochi, Sep 14 (UNI) With a network of 46 offices in the country, Cholamandalam DBS has mobilised Rs 2500 crore in investments during this financial year, DBS Cholamandalam Distribution Limited (DCDL) Vice-President and Business Head Mr Arulmany said today.

Announcing the launch of a new branch office here, he said it would function as a one-stop financial advisory centre, offerring an array of investment options including mutual funds, insurance (Life and General), fixed deposits, bonds and post-office saving schemes.

'We have seen a gradual shift in the consumer mindset from investing in just fixed deposits to exploring opportunities in mutual funds and equity markets. This branch operates with a mandate to cater to these growing demands of customers in Kochi', he said.

A subsidiary of Cholamandalam DBS Finance Company Limited, DCDL also announced the launch of 'Club Chola', a wealth management service aimed at providing holistic financial planning solutions for High Networth Individuals (HNIs) in the city.

Cholamandalam DBS Finance Limited is a joint venture between the Chennai-based Murugappa Group and DBS Bank of Singapore.

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