Dbs

DBS' results rounded up a strong second-quarter earnings season for Singapore banks, as more inflows and trading by wealthy clients ahead of anticipated rate cuts boost their wealth businesses.

Unleashing the future of supply chain management for MSMEs

To grasp the advantages, prospects, and obstacles encountered by MSMEs when embracing digitalisation in supply chain management, we engage with industry leaders and experts to draw valuable insights on the topic.

Empowering India's Future: The Transformative Influence of MSMEs on the Indian Economy

In this article, we will discover, about how MSMEs are contributing to nation-building and shaping India’s future. We will also examine the challenges faced by MSMEs and the necessary support mechanisms that can harness their full potential to fuel India's growth story.

Singapore’s star banker creates a succession dilemma for DBS

In his time as chief executive officer at DBS Group Holdings Ltd., Gupta has built the lender into Singapore’s largest listed company, moved early into wealth management and other key business areas and delivered equity returns that outstrip global peers.

DBS, three other finance bodies fined 3.8 million Singaporean dollars for money laundering: Report

Of the four entities, DBS was fined 2.6 million Singaporean dollars for breaches between July 2015 to February 2020 relating to accounts maintained by 11 corporate customers.

RBI won’t pivot towards rate cuts this fiscal year: DBS’ Radhika Rao

Reduction in rate cuts is likely only from the early part of fiscal year 2024, according to the senior economist. Upside surprises from a rally in oil prices or weather-related problems could upset the MPC’s inflation math, Rao said.

DBS CEO Piyush Gupta’s total pay last year rises to $11.4 million

Piyush Gupta received a cash bonus of about S$5.8 million ($4.3 million) and a salary remuneration of S$1.5 million that contributed to an overall compensation of S$15.4 million for 2022, according to the bank’s annual report released on Thursday.

DBS reveals $976 million Adani exposure, assured by cashflows

Singapore’s biggest lender has no exposure to Adani’s share issues, Gupta said. He added the company has solid cashflows, and he isn’t concerned about the lender’s exposure to the Adani Group as long as these cashflows are ringfenced.

US flexes diplomatic muscle on a range of issues at grim IMF-World Bank meetings: DBS chief economist

The economist does not expect the US to counter greenback strength

India's robust growth gives RBI room for more rate hikes: DBS

India's gross domestic product (GDP) in the first quarter of current fiscal year likely surged 16% year-on-year based on most leading indicators, the research house estimated.

DBS denies interest in IDBI Bank while staying bullish on India

Chief Executive Officer Piyush Gupta said the lender isn’t looking at a deal for the bank. His comments come after Indian media reported that DBS was considering purchasing a stake and held discussions with finance ministry officials in New Delhi.

Singapore bank DBS says services disrupted for second day

"Services were restored early this morning. Unfortunately yesterday’s digital banking issue has recurred and this has affected our services," Singapore-based DBS said on its Facebook page on Wednesday.

These Indian-origin leaders hold top positions at global financial companies

Barcleys appointed CS Venkatakrishnan as its chief executive. Apart from Venkatakrishnan, several Indian origin persons are are leading the largest global financial companies as CEOs, Presidents, or Chairpersons of the Board of Directors.

Race for Citibank India assets: DBS may drop out; all eyes on domestic banking heavyweights

On April 16, Citibank said it will exit consumer/retail operations in 13 countries across Asia and Europe, including India, to focus on the institutional and wealth management business in these markets. Moneycontrol had earlier reported that the likes of HDFC Bank, Kotak Mahindra Bank, ICICI Bank and HSBC are evaluating the high-profile transaction.

DBS, Temasek launch $500 million debt financing platform for growth stage technology-enabled firms

Tan Su Shan, Group Head of Institutional Banking at DBS said the development provides an opportunity for the bank to “play an integral role in nurturing and financing the growth of Asia’s future unicorns”.

Temasek, DBS to launch $500 million debt financing platform

Headquartered in Singapore, EvolutionX will provide financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia, DBS and Temasek said in a joint statement on Friday.

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

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

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

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

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

​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?

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

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

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.