.............Development Bank of Singapore has 12 branches and has sought RBI's permission to open four more, in step with the Comprehensive Economic Co-operation Agreement between India and Singapore, which allows a maximum of 16 branches of Singapore based banks. It may open 80 branches in a decade. "Our hope is that this wholly owned subsidiary comes true. We will look to open 70-80 branches over the next decade that we can use to build our SME and high networth individual customer business," said Gupta...........
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