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  • Billionaire Venture signs MoU with DBS Bank Sep 14, 2022 05:22 PM IST

    Billionaire Venture signs MoU with DBS Bank

    Besides creating thousands of jobs through this initial initiative, the JV will fulfil the dream of many young entrepreneurs to promote more such Startups in the country and create millions of jobs in the years to come.

  • DBS Bank India reports Rs 167 crore net for FY22 Aug 02, 2022 08:02 PM IST

    DBS Bank India reports Rs 167 crore net for FY22

    DBS Bank India had a net profit of Rs 312 crore in the year-ago period but the bank said the results are not comparable because of its merger with private sector lender Lakshmi Vilas Bank in November 2020, which made FY22 the first full year of operation for the larger entity.

  • MAS to explore the economic potential of DeFi Jun 01, 2022 06:49 PM IST

    MAS to explore the economic potential of DeFi

    MAS aims to develop and pilot use cases in open, interoperable networks, trust anchors (entities that maintain ledgers in the blockchain ecosystem), asset tokenisation, and institutional-grade DeFi protocols.

  • MC Interview: DBS Bank senior economist Radhika Rao on why yields shot up on Budget day Feb 02, 2022 09:56 AM IST

    MC Interview: DBS Bank senior economist Radhika Rao on why yields shot up on Budget day

    "Ahead of the monetary policy review, 10 year yields are up sharply, building on a 30 basis point rise on a year to date basis, fuelled by strong gains in US yields, rally in oil prices, upcoming policy normalisation and anticipation of a higher borrowing programme."

  • This bank beat SBI, HDFC & ICICI to top Forbes' 'World's Best Banks' list in India Jun 12, 2021 11:04 AM IST

    This bank beat SBI, HDFC & ICICI to top Forbes' 'World's Best Banks' list in India

    Forbes rated banks on general satisfaction and attributes such as trust, fees, digital services and financial advice.

  • RBI extends Rs 7,000-crore special liquidity assistance to DBS Bank: Report Jan 25, 2021 10:47 AM IST

    RBI extends Rs 7,000-crore special liquidity assistance to DBS Bank: Report

    The funds will be used by DBS Bank India to manage the mismatch arising out of erstwhile Lakshmi Vilas Bank's assets and liabilities, according to a news report.

  • Copper prices may rise further on Chinese demand, decarbonization efforts Dec 22, 2020 07:36 PM IST

    Copper prices may rise further on Chinese demand, decarbonization efforts

    Copper has gained nearly 25 percent year-on-year but since March-end, when it slipped to a low of $4,500 a tonne the metal has gained 75 percent.

  • LVB hoped to clinch Clix deal on October 23, Saraswathi pooja day; delays made RBI lose patience, says former promoter Dec 01, 2020 02:06 PM IST

    LVB hoped to clinch Clix deal on October 23, Saraswathi pooja day; delays made RBI lose patience, says former promoter

    Following the developments at the bank’s AGM, when seven LVB directors were ousted, the new LVB management and Clix couldn’t complete the process in time, says KR Pradeep, former promoter of the bank

  • 3 Point Analysis | LVB-DBS Bank merged: What next for the beleaguered bank? Nov 27, 2020 02:24 PM IST

    3 Point Analysis | LVB-DBS Bank merged: What next for the beleaguered bank?

    The Bombay High Court has refused to grant an interim relief to the Lakshmi Vilas Bank shareholders’ petitions challenging the scheme of amalgamation with DBS Bank India. Find out what's in store for the troubled bank?

  • LVB promoter group entities drag RBI, Govt, DBS Bank to Bombay HC; challenge final scheme of amalgamation Nov 26, 2020 03:10 PM IST

    LVB promoter group entities drag RBI, Govt, DBS Bank to Bombay HC; challenge final scheme of amalgamation

    The promoter group holds 6.80 per cent stake in Lakshmi Vilas Bank

  • 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.

  • Lakshmi Vilas Bank moratorium: Bank has enough liquidity, depositors' money safe, says LVB administrator Nov 19, 2020 08:28 AM IST

    Lakshmi Vilas Bank moratorium: Bank has enough liquidity, depositors' money safe, says LVB administrator

    LVB administrator TN Manoharan said since the moratorium was clamped the bank saw only Rs 10 crore withdrawal through ATMs

  • Lakshmi Vilas Bank moratorium: Here is how customers are reacting Nov 18, 2020 10:07 AM IST

    Lakshmi Vilas Bank moratorium: Here is how customers are reacting

    Customers of the bank took their venting their frustrations on social media platforms

  • LVB-DBS merger: Facing a wipeout, LVB’s ‘shocked’ equity holders weigh legal action Nov 18, 2020 10:02 AM IST

    LVB-DBS merger: Facing a wipeout, LVB’s ‘shocked’ equity holders weigh legal action

    According to the draft scheme of amalgamation of Lakshmi Vilas Bank with DBS Bank India, the entire amount of the paid-up share capital will be written off. Some institutional investors Moneycontrol spoke to said they would consult legal experts before deciding on the way forward

  • DBS Bank logs Rs 111 crore profit in FY20 from India operations Jun 22, 2020 03:04 PM IST

    DBS Bank logs Rs 111 crore profit in FY20 from India operations

    The lender, whose network in India has now increased to 34 branches, reported 24 per cent growth in net revenues at Rs 1,444 crore during the last financial year and a fall in stressed assets.

  • Fiscal deficit of Centre and states likely to be at 12% of GDP: DBS May 18, 2020 04:55 PM IST

    Fiscal deficit of Centre and states likely to be at 12% of GDP: DBS

    In the case of the Centre, the fiscal gap will increase by 200 bps as earlier this month it hiked market borrowings by a whopping Rs 4.2 lakh crore or 54 percent over the budget estimate to Rs 12 lakh crore, citing the pandemic. Another 80 bps increase will be on account of the fiscal boost.

  • Indian customers are savvy and advanced in digital adoption: DBS Bank Mar 20, 2020 11:21 AM IST

    Indian customers are savvy and advanced in digital adoption: DBS Bank

    Our model offers the flexibility of digital banking, with a physical touch

  • Why DBS Bank wants you to ‘bank less’ Jan 16, 2020 08:12 PM IST

    Why DBS Bank wants you to ‘bank less’

    By mapping its business strategies based on client journeys and client emotions, DBS Bank is building capabilities that will help it become more proactive with customers.

  • DBS Bank aims at 100 touchpoints in 25 cities in India in 1 year Nov 21, 2019 04:07 PM IST

    DBS Bank aims at 100 touchpoints in 25 cities in India in 1 year

    DBS Bank has plans to increase its customer touchpoints a combination of branches and kiosks across 25 cities in the next 6 to 12 months, from the existing 70, a senior official of the Singapore-based lender said on Thursday.

  • RBI may cut rates in December: Report Oct 24, 2019 12:59 PM IST

    RBI may cut rates in December: Report

    The RBI minutes from October policy review underscored the monetary policy committee members' unanimous decision to keep rates lower for as long as necessary, the report by DBS Bank said.

  • DBS Bank to enter India's credit card market next year Aug 20, 2019 08:25 PM IST

    DBS Bank to enter India's credit card market next year

    The Singapore-based lender's move highlights its efforts to tap growth outside its home market to offset weakness in the local economy.

  • DBS Bank partners with Bengaluru-based technology business incubator Social Alpha Aug 14, 2019 06:16 PM IST

    DBS Bank partners with Bengaluru-based technology business incubator Social Alpha

    The DBS-Social Alpha program will strengthen the ecosystem for enterprises focusing on the areas of Inclusion, Healthcare and Environment.

  • Singaporean lender DBS Bank seeks more payout from Ruchi Soya deal May 08, 2019 02:50 PM IST

    Singaporean lender DBS Bank seeks more payout from Ruchi Soya deal

    An NCLT bench of judges VP Singh and Ravikumar Duraisamy asked Ruchi Soya and DBS, which holds the first charge for the plant and the machinery of the crippled company, to file their detailed submissions by May 10.

  • DBS Bank India launches the first edition of Hack2hire in Bengaluru Apr 09, 2019 06:08 PM IST

    DBS Bank India launches the first edition of Hack2hire in Bengaluru

    DBS Bank India Limited has announced the first edition of its’ Hack2Hire programme in Bengaluru.

  • 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.

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