HDFC Opens First Singapore Branch to Expand Global Presence
HDFC Bank has officially opened its first branch in Singapore as part of its strategy to expand its international operations. Granted a wholesale banking license by the Monetary Authority of Singapore (MAS), effective from October 15, 2024, the bank aims to offer a variety of financial products and services to residents of Singapore.
Wholesale Banking License
NRI Services
Inauguration Event
Catering to International Clients
Growing International Balance Sheet
Summary/Static | Details |
Why in the news? | HDFC Bank has officially opened its first branch in Singapore as part of its strategy to expand its international operations. |
License | Wholesale Banking License granted by the Monetary Authority of Singapore (MAS), effective October 15, 2024 |
Key Services | Corporate banking, investment banking, wealth management, and NRI housing loan facilitation for Indian properties |
Target Clients | Multinational corporations (MNCs), portfolio investors, wealthy clients, trade partners |
International Presence | Five branches: Hong Kong, Bahrain, Dubai, Singapore, and an IFSC Banking Unit in GIFT City, Gujarat |
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