Singapore-based DBS Bank will be expanding its branch network in India. Banks three more branches will come up in this year. The bank, had started its operations in 1994 in India, at present is having seven branches.
Sanjiv Bhasin, chief executive officer, DBS India stated, “Our aim is to extend the network of branches and increase customer base in India. As part of this, we are opening three new branches shortly — one each in Moradabad (Uttar Pradesh), Salem (Tamil Nadu) and Surat (Gujarat)”.
He was addressing the reporters after the opening of bank’s latest branch in Nashik recently. DBS Bank’s other six branches are located at Mumbai, Bangalore, Chennai, Kolkata, New Delhi and Pune.
DBS Bank, one of the largest financial services groups in Asia, is carrying out operations across 16 countries, including China, Hong Kong, Indonesia and Taiwan.