Where has HDFC Bank recently opened its first branch as part of its international expansion strategy?

### Concept & Fact Major Indian private sector banks actively seek to expand their global footprint to cater to Non-Resident Indians (NRIs), facilitate cross-border trade, and participate in global financial hubs. ### Step-by-Step Solution * **Context:** HDFC Bank, India's largest private sector bank by assets, has been focusing on expanding its international presence to diversify its revenue streams. * **Recent Development:** HDFC Bank recently inaugurated its first full-service branch in a strategic international financial center. * **Location:** The bank opened this milestone branch in Singapore, a major hub for wealth management and Asian trade, bolstering its services for businesses and NRI clients in the region. ### Exam Strategy & Shortcut When it comes to financial expansion in Asia, Singapore and Dubai (DIFC) are the two most common answers. HDFC recently targeted Singapore for its specific regulatory environment and wealth management potential. ### Common Pitfall Guessing Dubai because of the large Indian diaspora. While Dubai is a common market, Singapore was specifically chosen for this recent major strategic branch opening. ### Final Answer Therefore, the correct answer is **Singapore**.