 "DBS Bank lays out India plans, to open 100 branches, kiosks in 12-18 months")
DBS Bank India reported a profit after tax of Rs 167 crore in 2021-22, with firm performance in corporate and retail banking segments leading to an 11 per cent on-year rise in net revenues, the lender said via a press release on Tuesday.
The bank, which is a wholly-owned subsidiary of DBS Bank, acknowledged the lagged effects of its amalgamation with Lakshmi Vilas Bank on its net profit.
“FY22 PAT (profit after tax) stood at Rs 167 crore despite the increased annual pre-tax drag from the erstwhile Lakshmi Vilas Bank at Rs 669 crore in FY22 compared to Rs 341
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