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  • 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.

  • DBS set to launch sixth edition of 'Hack2Hire' hackathon programme in India Feb 11, 2019 08:20 PM IST

    DBS set to launch sixth edition of 'Hack2Hire' hackathon programme in India

    The bank aspires to hire top 100 talents in disruptive technologies via hackathon.

  • Interim Budget focused on rural and agricultural sector: DBS bank Feb 02, 2019 10:52 AM IST

    Interim Budget focused on rural and agricultural sector: DBS bank

    Presenting the interim budget for FY 2019-20 ahead of the general elections due in April-May this year, Finance Minister Piyush Goyal on February 1 proposed an array of incentives for both middle-class and farmers.

  • India's fiscal deficit target overshot by 15%: DBS Jan 10, 2019 05:12 PM IST

    India's fiscal deficit target overshot by 15%: DBS

    "Lower than budgeted indirect tax revenues and weak divestment proceeds are a source of worry," wrote Radhika Rao, economist at DBS Group Research, in the commentary.

  • Sovereign bonds benefited from oil price correction: DBS Jan 09, 2019 11:16 AM IST

    Sovereign bonds benefited from oil price correction: DBS

    “A string of weak inflation prints at home and perception that the incoming RBI Governor might soften the policy stance pushed the curve lower,” wrote DBS Group Research Economist Radhika Rao and FX Strategist Philip Wee.

  • DBS Banking Group: Easing tensions between RBI and the government is positive for INR assets Nov 20, 2018 10:40 AM IST

    DBS Banking Group: Easing tensions between RBI and the government is positive for INR assets

    INR bonds have retained recent gains but struggled to make further headway.

  • India's FY19 growth to moderate after strong start: Report Sep 04, 2018 04:42 PM IST

    India's FY19 growth to moderate after strong start: Report

    "We doubt that India can sustain a growth trajectory above 8 percent for the rest of this fiscal," DBS said in a research note, adding that "We expect FY19 growth to moderate to 7.4 percent this year".

  • DBS raises real GDP estimate to 7.4% for this fiscal Aug 21, 2018 03:38 PM IST

    DBS raises real GDP estimate to 7.4% for this fiscal

    The economy has recovered since the transitory shocks of demonetisation and GST rollout.

  • DBS focus: RBI views on liquidity; sees 25 bps hike Aug 01, 2018 08:15 AM IST

    DBS focus: RBI views on liquidity; sees 25 bps hike

    The bank sees a 25 bp hike accompanied by a neutral stance triggering a small uptick in the 10-year yields followed by consolidation in a 7.65-7.80 per cent range.

  • DBS Bank will open subsidiary in India in October, says Group CEO Piyush Gupta Jun 26, 2018 07:05 PM IST

    DBS Bank will open subsidiary in India in October, says Group CEO Piyush Gupta

    The foreign lender will start operating as DBS Bank India, once it receives a final nod from RBI to transform all its 12 branches into a newly registered wholly-owned subsidiary.

  • Weak macro indicators expose India to trade war risks: DBS Mar 27, 2018 05:25 PM IST

    Weak macro indicators expose India to trade war risks: DBS

    According to Singapore's banking group DBS, while India's foreign reserves are at a record high, just as growth gathers momentum, optimism has been dented by widening current account deficit, pushing back of fiscal consolidation goals and inflation expected to remain above target next year.

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