HDFC Opens Its First Branch in Singapore to Broaden Financial Services Expansion.

Banking & Finance

HDFC Bank Limited has inaugurated its first branch in Singapore to offer banking services in the country. The bank has been granted a wholesale banking license by the Monetary Authority of Singapore (MAS), effective from 15th October 2024.


      - The branch was inaugurated by Rakesh Singh, Group Head of International Banking, Investment Banking, Private Banking, Digital Ecosystems, and Banking as a Service (BaaS) at HDFC Bank, along with Gaurav Khandelwal, Chief Executive Officer (CEO) of HDFC Bank, Singapore.

     

     

Main Points:-   (i) The new branch will provide a wide array of financial products and services to residents of Singapore.

      (ii) HDFC Bank’s international operations now include five branches: one each in Hong Kong, Bahrain, the United Arab Emirates (UAE), Singapore, and an IFSC Banking Unit (IBU) in Gujarat International Finance Tec City (GIFT City), India.


About HDFC Bank

CEO: Sashidhar Jagdishan
Headquarter : Mumbai
          ____________________________