HOME
NATION
NATION (OPINION)
BUSINESS & ECONOMY
INTERNATIONAL
SCIENCE & TECHNOLOGY
ENTERTAINMENT
LIFESTYLE & FASHION
SPORTS
TRAVEL
NATION
NATION (OPINION)
BUSINESS & ECONOMYINTERNATIONAL
SCIENCE & TECHNOLOGY
ENTERTAINMENT
LIFESTYLE & FASHION
SPORTS
TRAVEL
MORE STORIES Suicide blast kills 14 in Pakistan Haryana governor clarifies 'signing machine' comments Corruption case: Virbhadra may move apex court BJP again takes Ayodhya issue to high pitch UPA, Left taking advantage of Maoist problem: Katiyar Dhoni wants harsh punishment for those guilty of fixing India needs to invest in technology to raise exports Tharoor violated no rules at Guruvayoor Indian envoy meets Nepal PM amid India bashing Cargo plane crashes on take-off in Dubai
© 2008-2010 Dmanewsdesk.com
- All Rights Reserved.
- All Rights Reserved.
Singapore sees India as a big banking mkt
June 27, 2010
Singapore: Singapore has identified China and India as "huge potential markets" where its banks can expand after undertaking further consolidation, the city- state's senior statesman Lee Kuan Yew has said.
Lee, who is Singapore's Minister Mentor, said that the city state could do better with two banks instead of the current three--DBS, UOB and OCBC.
"I would have preferred personally that there be only two banks, because I don't think Singapore is big enough for three banks," Lee told the bankers at the Association of Banks in Singapore dinner last night.
However, OCBC and UOB would not combine or merge or allow a takeover by DBS, the city state's biggest financial institution, he said.
Lee, who is Singapore's Minister Mentor, said that the city state could do better with two banks instead of the current three--DBS, UOB and OCBC.
"I would have preferred personally that there be only two banks, because I don't think Singapore is big enough for three banks," Lee told the bankers at the Association of Banks in Singapore dinner last night.
However, OCBC and UOB would not combine or merge or allow a takeover by DBS, the city state's biggest financial institution, he said.
Business & Economy
American Inc flays move to raise visa fee
Mumbaikars set to boycott autos, taxis Thursday
Mumbaikars set to boycott autos, taxis Thursday
India may decide BlackBerry fate tomorrow
Videocon to invest Rs 10,000 crore in MP
Infosys 'distressed' at US senator's 'chop shop' comment
Now, Honda recalls 400,000 cars including Civic and Accord
Now, Honda recalls 400,000 cars including Civic and Accord
Govt plans to divest stake in ONGC, IOC; may raise Rs 21k cr
CWG: Delhi restaurants register for safe food programme
'Cabinet nod for revised Swiss tax treaty soon'
RBI may go for another rate hike: PMEAC
Consumers lose sleep, money on cheap SMS
Indian IT industry slams US move to hike visa fee
ICICI, HDFC violating law on consumers
Jet bags top award for serving best champagne, wines
US in talks with India on Blackberry issue
Delhi gets new industrial policy
Obama vows to fight India, China for new jobs
5-member panel to pick Tata’s successor
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
