DBS Bank has announced that it has received the approval from the Reserve Bank of India, to set up eight new branches in India.
The new branches will be opened in Bangalore, Chennai, Kolkata, Moradabad, Nasik, Pune, Salem and Surat. This brings DBS Bank’s India presence to a total of 10 branches in key cities all across the country. DBS Bank India currently has two branches in Delhi and Mumbai.
Koh Boon Hwee, chairman of DBS Group, said: This is a significant milestone for DBS Group as we can now extend our footprint in India. This is a key market for DBS and we are delighted to be able to serve customers in India through a larger and deeper banking network across 10 cities.