DBS Bank targets to step up India presence

The lender to set up four branches immediately after India’s central bank gives nod to expansion plan.

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.

View the full story in Rupee Times.