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DBS Bank gets nod to operate as wholly owned subsidiary in India

DBS Bank gets nod to operate as wholly owned subsidiary in India

DBS CEO Piyush Gupta speaks during a Reuters Newsmaker event in Singapore March 2, 2017. REUTERS/Edgar Su

DBS Bank Ltd has received approval from the Reserve Bank of India (RBI) to offer banking services in India through the wholly owned subsidiary (WOS) model, the Singapore-based lender announced on Monday.

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