DBS shares, which fell nearly 4 percent after the deal was announced, are down about another 2 percent since that slide.
One hurdle DBS could face is an Indonesian demand to allow reciprocal treatment in Singapore for the country's biggest lenders such as Bank Mandiri , which has a restricted license to operate in the city-state.
Mandiri and other Indonesian lenders are keen to expand to better serve the large Indonesian community in Singapore in areas such as remittances. But Indonesian banks have found it hard to penetrate Singapore's banking market, which is dominated by DBS and its local rivals United Overseas Bank and Oversea-Chinese Banking Corp. Full story
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