Dbs Bank India

‘DBS Golden Circle’, a priority banking programme, woos resident Indian citizens aged 60 years and above with higher interest rate on savings accounts and deposits, discount on locker rentals and lifetime free debit cards.

Maruti Suzuki ties up with DBS Bank for dealer inventory funding

The Memorandum of Understanding (MoU) further enhances comprehensive inventory funding options for over 3,863 Maruti Suzuki sales outlets across the country, the car major said in a statement.

Madras HC refuses to interfere with LVB-DBS merger, directs RBI to decide afresh on Tier-II bond write off

A bench comprising Chief Justice Sanjay V. Gangapurwala and Justice D. Bharatha Chakravarthy ordered the central bank to complete the exercise within a period of four months, keeping in mind the grievances of the shareholders and bondholders

Chart of the Day: Insights on gender bias and pay gap

Perception of gender bias and pay gap is higher among affluent women although there is evidence of greater women's participation at work place and on company boards

Reliance Industries partners with DBS Bank for financing programme of CBG plants

The financing will enable the ecosystem development for vendor partners to aggregate agri-residue as inputs for the Reliance compressed biogas production plants across India, the companies said

DBS Bank appoints Rajat Verma as MD and Head of Institutional Banking

The current Head of Institutional Banking for India, Niraj Mittal, has moved to a new role as Country Head of DBS Bank in Australia.

DBS Bank India reports 36% jump in FY23 net at Rs 228 crore

The lender, among the first few foreign banks to operate as a wholly-owned subsidiary, had reported a net profit of Rs 167 crore in FY22.

Have all ingredients to succeed in India; will aggressively grow SME, consumer franchise in FY23, says DBS Bank India MD

Gold loans, MSME, credit cards and mortgages are four growth drivers for DBS Bank India in FY23, Joshi said.

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

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

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

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

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

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

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

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

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

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

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

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

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.