NEWS & ADVICE : FIXED DEPOSITS
DBS Bank plans branch expansion in India
By Neelima Shankar
Jul 7, 2011
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Foreign lender DBS Bank is planning to increase its presence in India. The expansion plans in India happen to be a part of its overall expansion process in South Asia.

"We will set up the four branches as soon as we get approvals from the Reserve Bank of India," Mr Sanjiv Bhasin, General Manager and CEO for DBS Bank in India said.

The bank presently has 12 branches in the country as well as 40 ATMs.

The new branches would be fully operational in a year's time, said Mr Bhasin.

The bank had made an entry in India in the year 1995 with its first branch in Mumbai.


 


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