Singapore-based DBS Bank has announced the launch of its locally incorporated wholly owned subsidiary, DBS Bank India Limited (DBIL). This marks a key milestone for the bank, which has been present in India for 25 years. DBS set up a representative office in India in 1994 and opened its first bank branch in 1995. It currently operates in 12 cities: Delhi, Mumbai, Bengaluru, Chennai, Kolkata, Pune, Nashik, Surat, Kolhapur, Salem, Cuddalore and Moradabad. With DBIL, DBS will accelerate its growth plans, expand its operations and build greater scale in India through a "phygital" model to...
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