Bloomberg.com, 15 Oct 2008, Chen Shiyin
Oct. 15 (Bloomberg) -- DBS Group Holdings Ltd., Southeast Asia's biggest bank, said its Indian venture will close some branches and scale back on its personal loans business.
The Cholamandalam DBS Finance venture, in which Singapore- based DBS Group owns a 37.5 percent stake, is closing 75 branches within its personal loans business, the company said in an e- mailed statement today. The venture plans to focus on vehicle finance, asset management, corporate lending and home equity instead, according to the statement.
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