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- DBS Bank Ltd
- Malayan Banking Berhad
- Oversea-Chinese Banking Corporation Ltd
- United Overseas Bank Ltd
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In considering the inclusion of Fixed Deposit Banks under CPFIS, the Board uses the following criteria: |
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i. |
The bank must be locally incorporated with minimum capital funds of S$1.5 billion and good credit rating; or |
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ii. |
The bank must be a subsidiary of a locally-incorporated bank which meets the criteria at (i). The bank must continue to be a subsidiary of the locally-incorporated bank; or |
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iii. |
If the bank is a foreign bank, it must be accorded the Qualifying Full Bank privileges
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