DBS becomes second bank to get in-principle nod to operate as wholly-owned unit

Posted on:05 Sep 2017 14:50:17
DBS becomes second bank to get in-principle nod to operate as wholly-owned unit
05 September 2017 Current Affairs: Singapore-based bank DBS got final approval to operate as a wholly-owned subsidiary (WOS) in India after a delay of two years.

DBS is the second foreign lender after SBM (Mauritius) to get an in-principle approval to operate as WOS in India.

The DBS Bank has a strong network in the form of Digibank in India with about 1.5 million customers.

DBS operates through 12 branches in the country at present with over a million customers. The bank has already drawn up plans of expanding presence in the country in a staggered way which is included in the application submitted.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 July

17 JULY
NEWS
16 JULY
NEWS
15 JULY
NEWS
14 JULY
NEWS

Current Affairs 2018 June

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs 2018 May

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
28 MAY
NEWS