Singapore bank to set up tech centre in Hyderabad

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Hyderabad, April 4 (IANS) The Development Bank of Singapore, a multinational bank which is the largest in southeast Asia, would establish its first technology development centre globally here to develop its internal IT capabilities, it was announced on Monday.

A memorandum of understanding was signed on Monday between the Development Bank of Singapore and the Telangana government for the centre, which would eventually house about 1,500 employees supporting the bank’s global IT operations.

This was one of the 28 MoUs and letter of intent signed by the state government and its arms Telangana Academy for Skills and Knowledge (TASK) and T-Hub with various companies and not for profit organisations.

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