DBS Bank to triple business in another five years

DBS Bank to triple business in another five years

Singapore-based DBS Bank expects the business of its Indian subsidiary to triple from the present Rs 55,000 crore in another five years, a top official said Wednesday.

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The bank intends to establish over 100 customer touch points -- a combination of branches and kiosks across 25 cities in the next 18 months, he added.The bank intends to establish over 100 customer touch points -- a combination of branches and kiosks across 25 cities in the next 18 months, he added.
PTI
  • Mar 6, 2019,
  • Updated Mar 6, 2019 6:37 PM IST

Singapore-based DBS Bank expects the business of its Indian subsidiary to triple from the present Rs 55,000 crore in another five years, a top official said Wednesday.

With a 2.5 million customer base, the bank's balance sheet will cross Rs 1.65 lakh crore in the next five years, its CEO Surojit Shome told reporters here.

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The bank intends to establish over 100 customer touch points -- a combination of branches and kiosks across 25 cities in the next 18 months, he added.

Shome, here to inaugurate a new branch, the fourth in Tamil Nadu, said the bank, which is present in 12 cities, will open 12 more branches, including five in rural areas, by March-end.

Singapore-based DBS Bank expects the business of its Indian subsidiary to triple from the present Rs 55,000 crore in another five years, a top official said Wednesday.

With a 2.5 million customer base, the bank's balance sheet will cross Rs 1.65 lakh crore in the next five years, its CEO Surojit Shome told reporters here.

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The bank intends to establish over 100 customer touch points -- a combination of branches and kiosks across 25 cities in the next 18 months, he added.

Shome, here to inaugurate a new branch, the fourth in Tamil Nadu, said the bank, which is present in 12 cities, will open 12 more branches, including five in rural areas, by March-end.

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