DBS Bank India acquires 9.9% in NBFC Svakarma Finance

Taking over LVB helped DBS Bank India add over 550 branches and 900 automated teller machines (ATMs) to its relatively small presence in the country. DBS continues to be among the small set of global lenders, who have signed up to operate as a wholly-owned subsidiary as desired by the local authorities. A DBS Bank India statement said its strategy envisages significant growth in SME and consumer businesses.

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