Monday, November 18, 2013

DBS Bank evaluating RBI's WOS guidelines for foreign banks

New Delhi: DBS Bank, fourth largest foreign lender present in India, is evaluating RBI's new guidelines that provide significant benefits to foreign banks adopting Wholly-Owned Subsidiary (WOS) route of running branches here. The guidelines were issued earlier this month and allow foreign banks incorporating WOS branches to acquire local private sector lenders and expand branch-network across the country without any restrictions.........

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