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HDFC Bank is seeking a license to open its first branch in Singapore, according to a «Bloomberg» report citing unnamed sources. When contacted by the news outlet, a spokesperson for the Monetary Authority of Singapore said that the regulator does not comment on dealings with financial institutions.
The bank is planning to target the Indian diaspora through various offerings including savings, term deposits, mortgages and more. According to government data, Singapore is home to approximately 650,000 non-resident Indians and persons of Indian origin.
https://www.finews.asia/finance/407...-singapore-license-banking-finance-india-apac
The bank is planning to target the Indian diaspora through various offerings including savings, term deposits, mortgages and more. According to government data, Singapore is home to approximately 650,000 non-resident Indians and persons of Indian origin.
https://www.finews.asia/finance/407...-singapore-license-banking-finance-india-apac