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HDFC Bank Inaugurated its First Branch in Singapore

HDFC Bank Limited (HDB) 
Company Research Source: Business Wire
SINGAPORE--(BUSINESS WIRE)--HDFC Bank, India’s leading private sector bank, inaugurated its first branch in Singapore to provide banking services in Singapore. HDFC Bank has been granted a wholesale banking license by the Monetary Authority of Singapore (MAS) effective 15th October 2024.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241017961437/en/Singapore Branch (Photo: Business Wire)This allows the Bank to offer a wide range of financial products and services to residents of Singapore.Earlier a representative office of erstwhile HDFC Limited, it became a representative office of the Bank, post the merger from July 01, 2023. It provided loan-related administrative services to NRIs in Singapore for availing housing loans and purchase of properties in India. This facility will continue to be provided via the new branch.The branch was inaugurated by Mr. Rakesh Singh, Group Head - International Banking, Investment Bankin Show less Read more
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