‘DBS India plans to grow retail book’
Synopsis
CEO Surojit Shome mentioned the financial institution plans to develop retail property led by mortgage towards gold and loans to small companies which can be at present serviced by LVB’s branches. Extra importantly, DBS plans to develop its deposits particularly low price present and financial savings accounts (CASA) by tapping the 2 million LVB clients.
DBS Financial institution India, the wholly owned subsidiary of Singapore’s largest lender will look to extend its legal responsibility base and develop loans to people and small companies by tapping the two million buyer base of Lakshmi Vilas Financial institution (LVB), which it acquired by way of a Reserve Financial institution of India (RBI) scheme of amalgamation in November 2020.
CEO Surojit Shome mentioned the financial institution plans to develop retail property led by mortgage towards gold and loans to small
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https://economictimes.indiatimes.com/markets/shares/information/dbs-looks-to-lakshmi-vilas-bank-customers-to-widen-deposit-lending-base/articleshow/84396193.cms