Current Affairs - Banking - Discussion

HDFC Bank has opened its first branch in Singapore, marking its expansion in international operations after receiving a wholesale banking license from the Monetary Authority of Singapore. The branch was inaugurated by Rakesh Singh, Group Head of International Banking. With this addition, HDFC Bank now operates five international branches, including those in Hong Kong, Bahrain, and Dubai, and an IFSC Banking Unit in Gujarat International Finance Tech City (GIFT City). The new branch will further strengthen the bank's global presence and enhance its international banking services.