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DBS Bank to accelerate expansion in India with establishment of wholly-owned subsidiary

PC Lee
PC Lee3/4/2019 08:18 PM GMT+08  • 2 min read
DBS Bank to accelerate expansion in India with establishment of wholly-owned subsidiary
SINGAPORE (Mar 4): DBS Bank on Monday launched its locally incorporated wholly owned subsidiary, DBS Bank India Limited (DBIL).
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SINGAPORE (Mar 4): DBS Bank on Monday launched its locally incorporated wholly owned subsidiary, DBS Bank India Limited (DBIL).

This marks a key milestone for the bank, which has been present in India for 25 years. DBS set up a representative office in India in 1994 and opened its first bank branch in 1995.

It currently operates in 12 cities: Delhi, Mumbai, Bengaluru, Chennai, Kolkata, Pune, Nashik, Surat, Kolhapur, Salem, Cuddalore and Moradabad.

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