HDFC's first branch in Singapore

• On October 16, HDFC inaugurated its first branch in Singapore to expand financial services.

• The Monetary Authority of Singapore (MAS) has granted HDFC Bank a wholesale banking licence effective from October 15, 2024.

• This will enable the bank to offer a wide range of financial products and services to Singapore residents.

• HDFC Bank through its new branch will continue to provide loan-related administrative services to NRIs in Singapore to avail home loans and purchase properties in India.

• Rakesh Singh, Group Head - International Banking, Investment Banking, Private Banking, Digital Ecosystems & BAS, HDFC Bank inaugurated the branch.