DBS Bank India, the domestic subsidiary of the Singapore-based DBS Bank has announced that it has clocked a phenomenal jump of 298% in its net profit after tax which stood at Rs 259 crore for the financial year ended March 31, 2009.

In the previous fiscal, bank's profit figure stood at Rs 65 crore.

In the latest fiscal, bank's revenues surged by 198% to Rs 616 crore from Rs 207 crore in last year. 

The bank has attributed the jump in revenues to the strong performances across all its units. 

At March 31, 2009, DBS' balance sheet has witnessed a growth of 38% to Rs 12,565 crore from Rs 9, 08 crore in the previous fiscal, reflecting all-round expansion of the business and increased customer relationships.

DBS continues to be an employer of choice to over 370 individuals across India.  During the year, it hired over 150 staff across functions and levels to cater to its growing franchise.