MUMBAI: DBS Group Holdings has infused Rs 508.50-crore capital into its India operations, increasing its ability to grow in the country. The Singapore-based bank is also keen on turning its Indian operations into a wholly-owned subsidiary and growing inorganically, if necessary amendments to rules are made.
"The money came in on March 30. With this infusion, the total capital funds of the bank in India at the end of March 2012 was over Rs 3,300 crore," said Yazad Cooper, chief financial officer, DBS Bank. Full story
