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Which bank plans to grow its balance sheet size threefold in five years?
A)
OCBC Bank
B)
POSB Bank
C)
DBS Bank
D)
Standard Chartered

Correct Answer :   DBS Bank


Singapore's DBS Bank plans to grow its balance sheet size threefold in five years. DBS recently started operations in India as a wholly owned subsidiary (WoS). The bank is expected to close the financial year with a balance sheet size of Rs.50,000 crore. In 2018, the bank infused Rs.1,800 crore capital while transforming itself into a WoS. The total capital of the bank now stands at Rs.7,700 crore, with a capital adequacy ratio of more than 19%. The loan book, which is about Rs. 20,000 crore, is predominantly made up of corporate loans while the share of retail is less than 10%. The deposit base of the bank is about Rs. 30,000 crore. DBS aims to grow the retail so that it contributes 30% of the income and profitability over the next few years.

Published On : July 11, 2021
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