Provisions for non-performing assets went up nearly four-fold to Rs 239.75 crore from Rs 54.74 crore, but there was heavy fall in other provisions to Rs 170.95 crore from Rs 871.30 crore.
Unlike the competition, which offers 6 percent (Kotak Mahindra and Yes Bank on deposits above Rs 1 lakh and RBL 7.1 percent for above Rs 10 lakh), DBS will pay 7 percent even on Re 1 balance.
DBS Bank India said that there was a 4.5 percent growth in advances during the fiscal and the bank was able report a net interest income growth of 2 percent at Rs 804 crore.
Singapore-based DBS Bank's Indian arm reported a loss of Rs 275 crore in FY15 as it cleared stress on its books suffered due to reverses on bets on infrastructure and construction sectors in last four years.