Dec 03, 2020 07:46 PM IST
On 27 November, the Lakshmi Vilas Bank-DBS Bank merger came into effect as per the amalgamation scheme notified by the government and the RBI
- Nov 28, 2020 09:01 AM IST
The court, however, refused to intervene in the amalgamation of the bank with DBS.
- Nov 26, 2020 06:30 PM IST
As part of the scheme of amalgamation of Lakshmi Vilas Bank with DBS Bank India, the Reserve Bank of India ( RBI) may soon move to also write off tier-2 bonds of the ailing lender worth around Rs 320 crore
- Nov 20, 2020 08:45 AM IST
According to the terms of the LVB-DBS amalgamation, the entire paid up share capital of the bank will be written off. This has shocked the bank’s equity investors.
- Nov 18, 2020 06:26 PM IST
The global rating agency said India is one of DBS' priority markets, and the acquisition of LVB fits its expansion strategy.
- Nov 18, 2020 12:52 PM IST
For every Yes Bank or Lakshmi Vilas, there are countless other cooperative banks where depositors have a long wait to access their money
- Nov 17, 2020 10:24 PM IST
Upfront moolah matters in rescue acts of struggling entities and as part of the draft scheme of amalgamation, DBS Bank India will also infuse upfront capital of Rs 2500 crore to aid the credit growth of the merged entity.
- Nov 17, 2020 09:52 PM IST
According to the draft scheme of amalgamation, the entire paid-up share capital of the LVB will be wiped out.
- Nov 17, 2020 07:16 PM IST
Lakshmi Vilas Bank Moratorium and Merger: DBS Bank India will bring in additional capital of Rs 2,500 crore upfront, to support credit growth of the merged entity, the RBI said.
- Jul 20, 2020 09:21 AM IST
Group chief executive Piyush Gupta is particularly worried about small and medium enterprises and says next year will be challenging.
- Feb 12, 2020 08:50 PM IST
Singapore has reported 50 coronavirus cases, one of the highest tallies outside China, and there is mounting evidence of local transmission.
- Jan 16, 2020 10:37 AM IST
“Any reduction in the fiscal deficit could result in a negative credit impulse in the near-term, but will need to be balanced with a credible consolidation plan further-out,” according to the the bank's research report “India Budget Preview: Loosening the purse” released on Thursday
- Jan 03, 2020 12:56 PM IST
According to Singapore's DBS Banking Group, notwithstanding a challenging trade outlook, conducive global drivers, such as flush of liquidity owing to low interest rates and stable oil prices, provided a favourable external environment for the Indian economy in 2019.
- Dec 20, 2019 02:35 PM IST
The central bank has decided to conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) for Rs 10,000 crore each on December 23, 2019.
- Dec 13, 2019 11:16 AM IST
The financial services major said that this year's narrative on the Indian economy was dominated by a sharp deceleration in economic activity and persistent financial sector stress.
- Nov 25, 2019 11:00 AM IST
"Real GDP is likely to print 4.3 percent YoY in 3Q vs 2Q's 5 percent, nearing the trough for this cycle," DBS said in its daily economic report.
- Nov 08, 2019 04:02 PM IST
Encouragingly, cyclical growth momentum is getting a hand from reduction in rates and surplus liquidity conditions, wrote Radhika Rao, Vice Senior President and Economist at DBS in Singapore.
- Oct 29, 2019 08:56 PM IST
The government had last month announced a ten percentage point cut in corporate taxes, to get Indian levies at par with others, to spur investments.
- Sep 02, 2019 04:40 PM IST
Real GDP slowed to 5 percent year-on-year in 2Q (first quarter of FY20) from the first quarter's 5.8 percent, below DBS' sub-consensus and market expectations.
- Aug 05, 2019 07:10 PM IST
According to DBS, RBI Governor's recent comments that policy stance will depend on incoming data nudged traders to pare easing expectations.
- Jul 17, 2019 04:24 PM IST
Instead the report argued that increasing the ceiling on foreign portfolio investors in government securities is a better option considering the huge risks in raising debt in a foreign currency.
- Apr 29, 2019 11:25 AM IST
DBS, the first Singapore bank to kick off the sector's results, posted an 8.5 percent rise in first-quarter net profit from a year earlier, and said the macro-economic environment had stabilised.
- Apr 22, 2019 03:03 PM IST
Srikanth Mopidevi, Executive Director and Head, Consumer Banking - Big Data Analytics Technology, DAH2, takes us through the bank’s technology transformation journey.
- Feb 28, 2019 03:04 PM IST
DBS, which was the first bank in India to launch digital-only operations as Digibank in 2016, has already received approval from the Reserve Bank of India for the wholly-owned subsidiary.