Dec 04, 2020 05:14 PM IST
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
- Nov 26, 2020 08:19 PM IST
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
- Nov 26, 2020 07:13 PM IST
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
- Nov 25, 2020 03:41 PM IST
According to the draft scheme of amalgamation, the entire paid-up share capital of LVB would be written off after the transaction
- Nov 19, 2020 03:40 PM IST
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.
- Nov 19, 2020 11:46 AM IST
Shareholders of Lakshmi Vilas Bank have suggested other options for the resolution of the stressed lender, including a bidding process from prospective suitors.
- Mar 04, 2019 09:22 PM IST
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.
- Feb 28, 2019 08:28 PM IST
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.
- Jun 14, 2016 03:08 PM IST
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.
- Apr 26, 2016 06:36 PM IST
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.
- Jul 14, 2015 12:21 PM IST
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.
- Jul 04, 2015 04:18 PM IST
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.
- Nov 17, 2013 05:10 PM IST
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.