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13 Results Found
  • DBS Bank infuses Rs2,500 crore in Indian arm for LVB deal Dec 04, 2020 05:14 PM IST

    DBS Bank infuses Rs2,500 crore in Indian arm for LVB deal

    DBS Bank India is well-capitalised, and its capital adequacy ratio (CAR) remains above regulatory requirements after the merger with Lakshmi Vilas Bank, DBS Bank said

  • LVB-DBS deal: Post equity capital, RBI directs LVB to write off tier-2 bonds as well Nov 26, 2020 08:19 PM IST

    LVB-DBS deal: Post equity capital, RBI directs LVB to write off tier-2 bonds as well

    As part of the scheme of amalgamation of Lakshmi Vilas Bank with DBS Bank India, the Reserve Bank of India ( RBI) has directec the lender to also write off tier-2 bonds worth around Rs 320 crore

  • Bombay HC declines interim relief to LVB promoter entities in DBS merger spat Nov 26, 2020 07:13 PM IST

    Bombay HC declines interim relief to LVB promoter entities in DBS merger spat

    A day before the final scheme of amalgamation between Lakshmi Vilas Bank and DBS Bank India becomes effective, these promoter group entities of the ailing south India-based lender had initiated legal action against the Reserve Bank of India, the Union of India, and DBS Bank

  • LVB - DBS Bank merger: Govt approves final scheme of amalgamation; no change in equity write-off clause Nov 25, 2020 03:41 PM IST

    LVB - DBS Bank merger: Govt approves final scheme of amalgamation; no change in equity write-off clause

    According to the draft scheme of amalgamation, the entire paid-up share capital of LVB would be written off after the transaction

  • RBI's swift resolution of Lakshmi Vilas Bank to maintain sector stability: S&P Nov 19, 2020 03:40 PM IST

    RBI's swift resolution of Lakshmi Vilas Bank to maintain sector stability: S&P

    As part of the proposal, DBIL, the wholly owned subsidiary of Singapore-based DBS Bank, will inject Rs 2,500 crore into the merged entity to support its financial position. S&P said this deal is positive for India’s banking sector and will bring much-needed relief to LVB, which has been struggling for many years.

  • Lakshmi Vilas Bank investors to approach RBI to stop merger with DBS Bank Nov 19, 2020 11:46 AM IST

    Lakshmi Vilas Bank investors to approach RBI to stop merger with DBS Bank

    Shareholders of Lakshmi Vilas Bank have suggested other options for the resolution of the stressed lender, including a bidding process from prospective suitors.

  • DBS Bank aims to triple India business via wholly-owned subsidiary Mar 04, 2019 09:22 PM IST

    DBS Bank aims to triple India business via wholly-owned subsidiary

    DBS Bank invested Rs 1,800 crore this year to fuel growth in the short run and Its capital base in India now stands at Rs 7,700 crore.

  • RBI approves amalgamation of DBS Bank Feb 28, 2019 08:28 PM IST

    RBI approves amalgamation of DBS Bank

    In a press release, the RBI said the scheme of amalgamation between the two entities has been sanctioned under the provisions of the Banking Regulation Act, 1949.

  • DBS Bank appoints Niraj Mittal as institutional banking head Jun 14, 2016 03:08 PM IST

    DBS Bank appoints Niraj Mittal as institutional banking head

    Niraj Mittal will be responsible for scaling up business with institutional banking clients by driving both new client acquisition and deepening existing relationships, the bank said in a statement here today.

  • DBS back in the black; gets aggressive with 7% on SB deposits Apr 26, 2016 06:36 PM IST

    DBS back in the black; gets aggressive with 7% on SB deposits

    Unlike the competition, which offers 6 percent (Kotak Mahindra and Yes Bank on deposits above Rs 1 lakh and RBL 7.1 percent for above Rs 10 lakh), DBS will pay 7 percent even on Re 1 balance.

  • Yields likely to head lower; Re gaining on oil price:DBS Bk Jul 14, 2015 12:21 PM IST

    Yields likely to head lower; Re gaining on oil price:DBS Bk

    On the rupee front, Ashish Vaidya of DBS Bank India says oil has given a lot of support to the Indian currency in the run up to the Greece and China shakeout.

  • Advances grew 4.5%, says DBS Bank India Jul 04, 2015 04:18 PM IST

    Advances grew 4.5%, says DBS Bank India

    DBS Bank India said that there was a 4.5 percent growth in advances during the fiscal and the bank was able report a net interest income growth of 2 percent at Rs 804 crore.

  • DBS Bank evaluating RBI's WOS rules for foreign banks Nov 17, 2013 05:10 PM IST

    DBS Bank evaluating RBI's WOS rules for foreign banks

    DBS Bank, fourth largest foreign lender present in India, is evaluating RBI's new guidelines that provide significant benefits to foreign banks adopting Wholly-Owned Subsidiary (WOS) route of running branches here.

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