DBS Bank India - Singapore's most successful overseas adventure

DBS most successful overseas adventure must be DBS Bank India. Since its incorporation it has been reporting profits every year, even after paying for bankrupt bank Lakshmi Vilas Bank's debt. It is now the most successful and profitable foreign bank in India. The secret formula is to let the Indians run the bank completely but with remote control from Singapore. 

Here is the Leadership and Board of Directors of DBS Bank India provided by Google.

Rajat Verma: Managing Director and Chief Executive Officer
Ravindra Bahl: Independent Director and Part-time Chairperson
Vikram Sud: Independent Director
Prabhat Gupta: Whole-time Director
Sanjoy Sen: Non-Executive Director
Anup Kuruvilla: Independent Director
Meera Nair: Independent Director
Latha Ayyar: Independent Director
Ravininder Singh: Independent Director 

Senior Business Heads
Ambuj Chandna: Managing Director & Head of Consumer Banking Group
Santanu Mitra: Managing Director & Country Head of Corporate Banking (Large and Midcap)
Nitin Chengappa: Managing Director & Head of Treasures and Wealth Management
Sudarshan Chari: Managing Director and Head of National Distribution and Business Banking
Rajesh Prabhu: Chief Financial Officer
Prem P Ranjan: Executive Director and Chief Compliance Officer 

DBS should duplicate this successful formula in Malaysia, Indonesia, Thailand, the Philippines and other ASEAN countries, and there will be successful DBS Bank Malaysia, DBS Bank Indonesia, DBS Bank Thailand, DBS Bank Philippines etc etc.

The formula's success is based on the complete trust for the locals to run the bank by themselves, have confidence in the locals to do a good job and with Singaporeans overseeing the operations from Singapore head office. The motto, trust them. And the local govts will be very happy to support such banks as they not only provide good jobs for their nationals, and also a good and reliable bank like DBS, the world best bank with best practices with a lot of money to back them up.

The same formula and logic should apply to all foreign banks in Singapore so that all will be as profitable as DBS bank India. All foreign banks, starting with Bank of India, shall replace all their Indian nationals with Singaporeans. Oops, no talent Singapore did not have enough people to fill banking and finance jobs. Singaporeans also don't like these jobs, especially CEOs of banks. So how? Easy, just issue more pink ICs to foreign talents from third world villages. They will be the talents to fill up all the top banking and finance jobs in Singapore. QED.