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Home » Foreign Banks in India » DBS Bank India | |||||||||||||||||
DBS Bank |
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The bank was set up in 1968 as a development-financing institution led by the Singapore government. DBS Bank is the largest bank in South East Asia by assets and among the larger banks in Asia. DBS' tryst with India began in 1994 when it started its operations via a representative office in Mumbai, which was quickly upgraded to a formal bank branch a year later. |
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Head office in the commercial capital of Mumbai, DBS operates via a network of 12 bank branches across India in Bengaluru, Chennai, Cuddalore, Kolkata, Kolhapur, Moradabad, Mumbai, Nashik, New Delhi, Pune, Salem and Surat. A reputed name in the wholesale banking, DBS provides a wide range of corporate and investment banking services, including corporate lending, treasury services, transaction services and mergers and acquisitions (M&A) advisory services to corporate, financial institutions and small and mid-tier clients across industries and segments. |
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In the personal banking domain, DBS Bank offers a range of wealth management products to suit the myriad and evolving needs of its customers. Foreign Banks like DBS in India always brought an explanation about the prompt services to customers. After the set up foreign banks in India, the banking sector in India also become competitive and accretive. New rules announced by the Reserve Bank of India (RBI) for the foreign banks in India in Budget 2009 has put up great hopes among foreign banks which allows them to grow unfettered. Now foreign
banks in India are permitted to set up local subsidiaries. The policy
conveys that foreign banks in India may not acquire Indian ones (except for
weak banks identified by the
RBI,
on its terms) and their Indian subsidiaries will not be able to open
branches freely. Please see the list of
Foreign banks in India
till date. |
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