DBS Bank to move tech jobs to India

Reported by: |Updated: May 20, 2016

dbs 1DBS Bank said it will shift 1500 jobs from Singapore to its proposed technology hub in Hyderabad. The bank’s group CEO Piyush Gupta said this will happen over the next two years. He said in a statement the new facility will be the bank’s largest tech hub outside its home market of Singapore and India was a choice market for this investment given its enabling ecosystem for technology innovation and access to a wide global talent pool. The bank has created a wholly-owned subsidiary in India, DBS Asia Hub 2, for this purpose.