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| L&T Finance buys DBS Chola AMC for Rs 45 cr | 25-SEP-09 |
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| In a deal that could set a trend in terms of valuations, L&T Finance (LTF) today announced the acquisition of DBS Cholamandalam Asset Management Company (AMC) for a consideration of Rs 45 crore – a mere 1.56 per cent of the AMC’s August assets of Rs 2,893.16 crore. |
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| Aviva, DBS Bank join hands for bancassurance | 15-SEP-09 |
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| Aviva Life Insurance-joint venture between Dabur and Aviva and DBS Bank-Singapore headquartered financial services group today announced a bancassurance partnership in India. DBS has branches across 10 cities in India. |
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| IFC to spend ?135 million in VW Pune plant | 07-AUG-09 |
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| The World Bank’s private sector lending arm International Finance Corp (IFC) said it would invest ¤135 million in Volkswagen India’s plant in Pune to help generate jobs. |
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| Retail banking will be an evolving space for a long time' | 03-JUL-09 |
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| After relying on wholesale deposits for the past few years, Singapore-based DBS Bank is planning to diversify its liability mix and acquire retail liabilities through the eight new branches it opened in India last year. DBS Bank India General Manger and Chief Executive Officer Sanjiv Bhasin tells Sidhartha and Sudeep Jain how the retail market is evolving and why his bank is not planning to enter the retail assets space any time soon. |
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| DBS Bank bottom line sees four-fold jump | 19-JUN-09 |
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| Aided by a strong showing in its non-interest income, DBS Bank India recorded an almost four-fold increase in net profit at Rs 259 crore for the financial year ended March 31, 2009 as against Rs 65 crore in the previous year. |
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| DBS Bank India FY09 net quadruples to Rs 259 cr | 18-JUN-09 |
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| DBS India, the domestic arm of the Singapore-based DBS Bank, has posted a 298 per cent surge in net profit after tax to Rs 259 crore, for the financial year ended March 31, 2009. The profit figure for the previous fiscal stood at Rs 65 crore. |
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| DBS Bank India opens 10th branch in Salem, Tamil Nadu | 10-JUN-09 |
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| DBS Bank India today announced the opening of its 10th branch in Salem, the fifth largest and ‘steel city’ of Tamil Nadu. Through this branch, DBS will provide a holistic portfolio of corporate and enterprise banking services to cater to the evolving banking needs of the large number of enterprises operating in and around Salem. |
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| DBS exits HDFC Bank, Deutsche Sec steps in | 09-MAY-09 |
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| Singapore-based lender DBS Bank today sold off its entire stake in HDFC Bank, while Deutsche Securities Mauritius picked up 3.78 million shares in the country’s second largest private sector bank. |
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| DBS to open 3 branches in India | 05-MAR-09 |
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| Singapore-based DBS Bank said it was planning to open three more branches in India this calendar year. The bank, which started its operations in India in 1994, has seven branches now. |
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| DBS Bank to serve NRIs and SMEs in Nashik | 04-MAR-09 |
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| DBS Bank today announced the opening of its branch in Nashik to serve small and medium-sized enterprises (SMEs) and non-resident Indians (NRIs). The Nashik branch, DBS Bank’s seventh in India, will join an existing network in the cities of Bengaluru, Chennai, Kolkata, Mumbai, New Delhi and Pune. |
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