DBS announces aid worth Rs 10 cr for COVID relief efforts in India
DBS has tied up with Singapore High Commission in India and High Commission of India based in Singapore to import three cryogenic oxygen tanks.
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MUMBAI: Singaporean lender DBS, which operates a wholly-owned subsidiary in the country, on Monday said it is pumping COVID relief aid worth over Rs 10 crore into India including three cryogenic oxygen cylinder tanks.
Foreign banks operate in India either as a wholly-owned subsidiary or through branch model.
DBS has tied up with Singapore High Commission in India and High Commission of India based in Singapore to import three cryogenic oxygen tanks having capacity of 20,000 litres each to support the ongoing relief efforts, an official statement said.