The State Bank of India,Bank of Baroda and the Indian Bank may all be given full licenses to start their operations in Singapore at the earliest.of course,this will entail a reciprocal action on the part of India to do the same to three top Singapore based banks and give them full banking licenses to operate in India as well.
This will only give an additional boost to the already burgeoning trade relations between Singapore and India.it seems that India's look east policy is finally starting to pay dividends.DBS Group, Oversea Chinese Banking Corp and United Overseas Bank are among the banks which have applied for a full banking licence in India.soon we can all apply for an account in these banks provided things go well!
india,singapore,bank,trade,
Sunday, September 9, 2007
Three Indian banks may soon operate branches in Singapore!
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