Foreign Banks in India: DBS grows its #3 market to $4.7 bln

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Foreign Banks in India: DBS grows its #3 market to $4.7 bln

DBS assets in India grew to INR 237 bln according to results discussed by CEO Piyush Gupta and reported in ET. The bank is hoping that subsidiarisation nod from the RBI will come with better branch infrastrcture hopes for the bank. ING Vysya and Indusind bank would compare in size with DBS with INR 335 bln in assets

The bank has 12 branches in India. DBS has a 10% Temasek holding. It has 39 branches in Indonesia and 15 in China (wikipedia)

Piyush Gupta operates from Taipei ahile DBS counts Singapore and Hongkong as its largest markets.

India and Singapore operate in each others territory thru the Comprehensive Economic Cooperation Agreement including GIC and Temasek holdings in India and tenets on free transfer of information between the two nations including banking wealth questions

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