The Singapore-based bank expects loans and profits to rise double-digits.

“We have seen demand from FAB & storage space and infrastructure. Diversifying into Asian supply chains and moving to China-plus is another major opportunity,” said Niraj Mittal, Head of Institutional Banking Group, DBS Bank India.

The bank also sees an opportunity in decarbonization initiatives and has identified nine sectors that have set targets to reduce their carbon footprint. These include Energy, Oil & Gas, Steel, Automotive, Real Estate, Marine, Aviation, and Chemical and Food & Agriculture. It also provides strategic support and world-class services to emerging businesses in the digital economy.

The bank will help medium-sized companies on environmental, social and governance issues.

“Large companies, both local and multinational, are taking steps on ESG issues, optimizing their business models to make them more sustainable and reduce their carbon footprint. This trend is also spreading to medium-sized companies. DBS remains close to such developments to capitalize on business opportunities by advising clients on their financing structures and options and providing balance sheet support,” said Mittal.

DBS expects its business to grow double-digit and is confident it can meet the capital needs of a rapidly expanding loan book.

“Despite macroeconomic and geopolitical headwinds, we are confident of growing in the 20% to 25% range in the coming year,” Mittal said.

The bank does not face any capital shortfalls to service the growing loan book or its support for decarbonization initiatives.

“The bank is well capitalized and, with our expanded footprint, is able to raise sufficient liquidity to meet increased demand for corporate loans,” he said.