Doha Brokerage & Financial Services Ltd. (DBFS Group) head-quartered in Kochi has already established its presence as a brokerage and wealth management company and is expanding its business activities to non-banking finance. The NBFC subsidiary of the DBFS group, DBFS Finance & Leasing (India) Ltd. is entering the market place in a big way with new product lines. DBFS Finance & Leasing (India) Ltd is a RBI registered NBFC, which is currently offering Loan against Shares for its captive clients in the brokerage business. DBFS Finance & Leasing (India) will now offer more products such as personal and consumer loan, property loan and gold loan. The new products were officially introduced at the launch event at Kochi on Tuesday, 2nd June, 2015 by the Hon’ble Mayor, Mr. Tony Chammany, in the presence of Doha Bank CEO, Dr. R Seetharaman.
Hon’ble Mayor of Kochi Tony Chammany officially inaugurates the launch of the new products of DBFS Finance & Leasing (India) Ltd., the NBFC subsidiary of the DBFS group in the presence of Doha Bank Corporate & Commercial Banking Head Mr. C.K. Krishnan, DBFS Managing Director Mr. Prince George, Doha Bank Group CEO Dr. R. Seetharaman, Treasury & Investment Group Head Mr. Samuel K.V. and Retails Banking Head Mr. Suresh Bajpai
“Non Banking Financial Companies (NBFCs) are emerging as an integral part of Indian Financial System. They have recorded marked growth in recent years and have played a key role in the evolution of a competitive and dynamic financial system. The success factors of their business includes their ability to contain risk, adapt to changes and tap demand in markets. NBFCs have played a key role in the development of important sectors like Road Transport and Infrastructure which are the life lines of Indian economy.NBFCs are currently passing through an important phase where RBI has issued a revised regulatory framework with the objective to harmonize it with banks and Financial Institutions.” Says Dr. R. Seetharaman, CEO of Doha Bank.
For DBFS, the launch of full-fledged NBFC is a major strategic move. “Hitherto, we have been more focused on brokerage and investment related products”, says Mr. Prince George, Managing Director of DBFS. “Offering non-banking financial products is a logical extension of our activities, which can effectively be rolled out through our distribution network. Our immediate target is to build a reasonable loan book size to balance revenues from both wealth management business and NBFC business.”
DBFS
Promoted in the year 1992 as the first corporate member of Cochin Stock Exchange, DBFS is one of the leading brokerages from South India. DBFS group has memberships in all leading stock and commodity exchanges in India including NSE, BSE, MCX, NCDEX and NMCE. It is a SEBI registered Portfolio Manager too. The group also offers depository services and markets mutual funds, insurance products and IPO. DBFS Wealth Management Private Ltd. a group company is also distributing life and non-life insurance products through tie-up with leading insurance companies. The services are offered through 4 subsidiary companies in the group. The wholly owned subsidiary DBFS Commodities DMCC is a member of the Dubai Gold and Commodity Exchange (DGCX), Dubai. DBFS is also an associate company of Doha Bank, Qatar