DBS Bank to set up new technology hub in Hyderabad

Singapore based DBS Bank has decided to set up its biggest technology hub out off its headquarter. The bank has appointed Mr. Mohit Kapoor as the head of its Technology Development Centre in HyderabadGoing ahead, the bank also plans to hire about 1,500 people over the next two years.

As per the bank, the hub will help in strengthening the lenders technological capabilities across Asia as well as its digital banking strategy. This comes at a time when the bank is awaiting clearance from the Reserve Bank of India to convert into a wholly-owned subsidiary in the country. The application was made in April last year.

So let’s discuss some questions related to this post :
1. Name the bank which has decided to setup its new and biggest technology hub in Hyderabad ?
2. Where is the headquarter of DBS bank and name the person who has been recently appointed as the head of its Technology Development Centre in Hyderabad ?

Courtesy : Business Standard


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