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DBS Bank to set up tech hub in Hyderabad

dbs 1DBS Bank has decided to set up its biggest technology hub outside Singapore in Hyderabad. The bank plans to hire about 1500 people over the next two years. It has appointed Mohit Kapoor as the head of the Technology Development Centre at Hyderabad. He was the global delivery leader and CTO at Bank of America – Continuum, based in Hyderabad. Piyush Gupta, CEO of the bank, said the setting up of the hub in Hyderabad is in line with the bank’s vision to leverage technology to make banking simpler and more seamless for customers. India was a choice market for this investment given its enabling ecosystem for technology innovation and access to a wide global talent pool, he added. The bank is awaiting clearance from RBI to convert into a wholly-owned subsidiary in the country.

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