, India

DBS on track to launch Indian subsidiary by October

The bank is only waiting for final greenlight from the central bank.

Singapore’s DBS said that it is on track to become the first foreign bank to open a local Indian unit by October as it is only pending final clearance from the Reserve Bank of India (RBI) to consolidate its 12 branches into a newly registered subsidiary, DBS Bank India Ltd, 

Also read: DBS ramps up digital investments to outbid China's fintech giants

India is one of the six core markets for the bank, DBS Group CEO Piyush Gupta told Indian media. 

“We plan to move quickly from 12 cities and 12 branches now to 30 cities and 50 branches and 70 other outlets within 12 months. This network will help us reach more customers and small enterprises and also serve our large corporate clients better. We see huge growth in this market,” he added.

DBS and State Bank of Mauritius applied to start a new subsidiary in India in 2015. The Singapore lender received an in-principle approval from the RBI in September 2017.

“This will change the way we do business. We will have new touch points to service SMEs and our growing wealth management clients. But we will also have to gradually increase our priority sector targets to meet RBI regulations,” DBS India CEO, Surojit Shome said. 

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.