DBS eyes SGD 500 mn SME loans in 2018 through Tally tie-up

With an eye on small businesses, Singaporean lender DBS today announced a tie-up with accountancy software maker Tally, which it hopes will help expand its local loan-book by SGD 500 million in 2018.

"The tie-up will give us access to newer customers. We have been able to add 2,000 customers due to this already who are transacting with us and expect to be at 10,000 by end of the year, when we shall start selling loans to them," its institutional banking head Niraj Mittal told

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