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DBS has been present in India for 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly-owned, locally incorporated subsidiary of a leading global bank.
Piyush Gupta BBM (Hindi: पीयूष गुप्ता; born 24 January 1960) is an Indian-born Singaporean banker [1] and the chief executive officer (CEO) of DBS Group, the largest bank in Southeast Asia by total assets.
Lakshmi Vilas Bank was an Indian private sector bank established in 1926 in Karur, Tamil Nadu. As of November 2020, the bank had 566 branches in 19 states and 1 union territory. [4] On 27 November 2020, the bank was merged into the Indian subsidiary of DBS Bank.
In 2005, DBS Bank acquired a 37.5% stake in Cholamandalam Investment and Finance Company, with the Murugappa Group lowering its stake to 37.5%. The company was subsequently renamed as Cholamandalam DBS Finance. [7] In 2010, DBS Bank sold its entire stake back to Murugappa Group and exited the joint venture. [8]
In January 2020, Patra was appointed a Deputy Governor of the Reserve Bank of India by the Appointments Committee of the Cabinet—on the recommendation of the Cabinet Secretary-headed Financial Sector Regulatory Appointment Search Committee [6] —for a period of three years, succeeding Viral Acharya, who had resigned in July 2019.
Deputy Governor of Reserve Bank of India; In office June 22, 2018 () – June 26, 2023 () Governor: Urjit Patel Shaktikanta Das: Preceded by: S. S. Mundra: Succeeded by: Swaminathan Janakiraman: Personal details; Born May 5, 1961 (age 63)
Chairman of the National Bank for Agriculture and Rural Development [1] [2] [3] 30 Amitav Ghosh: 21 January 1982 20 January 1992 9 years, 364 days Career banker Governor of the Reserve Bank of India [1] [2] [3] 31 C. Rangarajan: 12 February 1982 20 August 1991 9 years, 189 days Career banker Governor of the Reserve Bank of India [1] [2] [3] 32 ...
During his tenure, he helped to established the Economic Development Board and DBS Bank. He subsequently left the Civil Service and joined DBS as a vice-president between 1968 and 1970. He was later promoted to the position executive vice-president and continue to serve between 1970 and 1978.