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  • Delhi HC issues notice to DBS Bank in the Religare deposit fraud case Dec 03, 2020 07:46 PM IST

    Delhi HC issues notice to DBS Bank in the Religare deposit fraud case

    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

  • LVB-DBS amalgamation: Madras HC's interim order gives some relief to LVB shareholders Nov 28, 2020 09:01 AM IST

    LVB-DBS amalgamation: Madras HC's interim order gives some relief to LVB shareholders

    The court, however, refused to intervene in the amalgamation of the bank with DBS.

  • LVB-DBS deal: Post equity capital, RBI likely to write off tier-2 bonds of LVB as well Nov 26, 2020 06:30 PM IST

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

    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

  • DBS wanted to buy 50% stake of Lakshmi Vilas Bank in 2018, RBI did not agree: Promoter Nov 20, 2020 08:45 AM IST

    DBS wanted to buy 50% stake of Lakshmi Vilas Bank in 2018, RBI did not agree: Promoter

    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.

  • Merger with Lakshmi Vilas Bank to strengthen DBS Bank's India business: Moody's Nov 18, 2020 06:26 PM IST

    Merger with Lakshmi Vilas Bank to strengthen DBS Bank's India business: Moody's

    The global rating agency said India is one of DBS' priority markets, and the acquisition of LVB fits its expansion strategy.

  • LVB-DBS merger is job well done. But don’t rest on your laurels, RBI Nov 18, 2020 12:52 PM IST

    LVB-DBS merger is job well done. But don’t rest on your laurels, RBI

    ​For every Yes Bank or Lakshmi Vilas, there are countless other cooperative banks where depositors have a long wait to access their money

  • The LVB rescue act: How did DBS Bank India edge out other suitors? Nov 17, 2020 10:24 PM IST

    The LVB rescue act: How did DBS Bank India edge out other suitors?

    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.

  • Lakshmi Vilas Bank moratorium: LVB shareholders will get nothing after merger with DBS Nov 17, 2020 09:52 PM IST

    Lakshmi Vilas Bank moratorium: LVB shareholders will get nothing after merger with DBS

    According to the draft scheme of amalgamation, the entire paid-up share capital of the LVB will be wiped out.

  • Under moratorium, RBI says Lakshmi Vilas Bank to merge with DBS Bank Nov 17, 2020 07:16 PM IST

    Under moratorium, RBI says Lakshmi Vilas Bank to merge with DBS Bank

    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.

  • Once stimulus packages run out, many businesses will crumble: DBS Jul 20, 2020 09:21 AM IST

    Once stimulus packages run out, many businesses will crumble: DBS

    Group chief executive Piyush Gupta is particularly worried about small and medium enterprises and says next year will be challenging.

  • Singapore's DBS sends 300 staff home after one contracts coronavirus Feb 12, 2020 08:50 PM IST

    Singapore's DBS sends 300 staff home after one contracts coronavirus

    Singapore has reported 50 coronavirus cases, one of the highest tallies outside China, and there is mounting evidence of local transmission.

  • Budget 2020: Markets eye improved transparency, says DBS report Jan 16, 2020 10:37 AM IST

    Budget 2020: Markets eye improved transparency, says DBS report

    “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

  • Indian economy benefited from 'favourable external environment' in 2019: DBS Jan 03, 2020 12:56 PM IST

    Indian economy benefited from 'favourable external environment' in 2019: DBS

    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.

  • RBI's auction of govt bonds will be liquidity neutral: DBS Dec 20, 2019 02:35 PM IST

    RBI's auction of govt bonds will be liquidity neutral: DBS

    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.

  • DBS sees slow recovery for Indian economy Dec 13, 2019 11:16 AM IST

    DBS sees slow recovery for Indian economy

    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.

  • Economic slowdown | DBS sees real GDP at 4.3% in Q3 vs 5% in Q2 FY20 Nov 25, 2019 11:00 AM IST

    Economic slowdown | DBS sees real GDP at 4.3% in Q3 vs 5% in Q2 FY20

    "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.

  • Prudent spending, higher revenues to allay economic worries, says DBS Nov 08, 2019 04:02 PM IST

    Prudent spending, higher revenues to allay economic worries, says DBS

    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.

  • Jobs confidence, not tax cuts, will push consumption spends:DBS Oct 29, 2019 08:56 PM IST

    Jobs confidence, not tax cuts, will push consumption spends:DBS

    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.

  • DBS revises India's real GDP growth to 6.2% for FY20 Sep 02, 2019 04:40 PM IST

    DBS revises India's real GDP growth to 6.2% for FY20

    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.

  • RBI may go for 25 bps rate cut on August 7 : DBS Aug 05, 2019 07:10 PM IST

    RBI may go for 25 bps rate cut on August 7 : DBS

    According to DBS, RBI Governor's recent comments that policy stance will depend on incoming data nudged traders to pare easing expectations.

  • Govt may cap overseas borrowing at $5 billion this year: Report Jul 17, 2019 04:24 PM IST

    Govt may cap overseas borrowing at $5 billion this year: Report

    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.

  • DBS Group Holdings posts record profit on lending gains, raises bar for Singapore banks Apr 29, 2019 11:25 AM IST

    DBS Group Holdings posts record profit on lending gains, raises bar for Singapore banks

    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.

  • Architecting the future-ready bank: The DBS way Apr 22, 2019 03:03 PM IST

    Architecting the future-ready bank: The DBS way

    Srikanth Mopidevi, Executive Director and Head, Consumer Banking - Big Data Analytics Technology, DAH2, takes us through the bank’s technology transformation journey.

  • Singaporean lender DBS to operate as wholly-owned subsidiary in India from March 1 Feb 28, 2019 03:04 PM IST

    Singaporean lender DBS to operate as wholly-owned subsidiary in India from March 1

    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.

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